G7 mapping exercise of digital identity approaches (OECD)
The OECD published a report that presents a mapping exercise to explore the different approaches to digital identity of G7 members. It draws out significant commonalities, as well as differences. In doing so, this document is intended to provide a resource for policymakers and stakeholders looking to understand the current state of digital identity policy and governance across the G7. This document may also serve as a foundation for discussions and planning around more interoperable digital identity systems. [Read more at the OECD]
SEC escalates Ripple battle with new appeal (Cryptopolitan)
The U.S. Securities and Exchange Commission (SEC) has submitted a Civil Appeal Pre-Argument Statement (“Form C”) appealing the August 7, 2024 final judgment of Judge Analisa Torres of the US District Court for the Southern District of New York, enjoining Ripple from further violations of Section 5 of the Securities Act of 1933 and imposing a $125 million civil penalty. The new SEC action will drag the whole legal process that started in 2020 out at least until July 2025. [Read more at Cointelegraph]
Transforming collateral management with digital assets (DTCC)
DTCC and Japan Securities Clearing Corporation (JSCC) conducted a proof-of-concept (POC) to design and develop a cross-industry and cross-product collateral ecosystem by making full use of the “DTCC Digital Launchpad” distributed ledger technology (DLT) based platform. The POC explored how central counterparties (CCPs) could use tokenization to optimize the collateral management process for clearing members and their buy-side firms. In particular, it examined how margin calls and their associated processes could be automated, made more efficient and transparent for all participants using digital assets and smart contracts – or rules that automatically execute on a distributed ledger when certain conditions are met. [Read more at DTCC]
Upcoming Speaking Engagements:
- Digital Euro Conference 2025, Frankfurt, March 27, 2025. The DEC25 conference will explore the future of money with a focus on CBDCs, stablecoins, tokenized deposits, and the intersection of AI and digital ID. When you register, get 20% off the regular ticket price by using the Kiffmeister20 code! [Find out more and register here]
And just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at john@kiffmeister.com.
