Central bank digital currencies (CBDCs) could solve the “competition issues” in the cryptocurrency sector, according to a study requested by the European Parliament Committee on Economic and Monetary Affairs.
While Finance Watch is open to technological progress in this area, we have identified several specific concerns with the Libra proposal based on an initial analysis of the Libra White Paper.
Berlin-based Fundament has received BaFIN’s approval to issue the first tokenized real-estate backed bond that can be widely offered to individual investors, a EUR 250m offering.
“Our results show that effective governance institutions are associated with a less restrictive regulatory stance on cryptocurrency, whereas financial openness is not found to be significant. The results imply that a certain level of institutional quality may be necessary before opening up to new forms of financial technology. As cryptocurrency is recognized as a risky speculative financial instrument, its current state of many unknowns can prevent policy makers from conducting a thorough surveillance to avoid system-wide vulnerabilities.”
ESMA has concluded that, based on the evidence gathered, that at present most innovative business models can operate within the existing EU rules,
Binance will list Binance GBP Stable Coin (BGBP) and open trading for a BGBP/USDC trading pair at 2019/07/23 4:00 AM (UTC).
Palestinian Prime Minister Mohammad Shtayyeh recently announced that his government will use cryptocurrency to bypass sanctions levied by Israel.
Union Bank of the Philippines recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines. This was done in partnership with OCBC Bank, Singapore, using the Adhara liquidity management and international payments platform.
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The Kiffmeister is a former Senior Financial Sector Expert at the International Monetary Fund.
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