Digital assets
CBDC talk has been “overhyped” – former RBI deputy
Focus on retail CBDCs is potential distraction from core central banking functions, says Sinha
Central banks should collaborate on multicurrency CBDC – research
Lithuania’s central bank notes national CBDC projects will not solve global payment inefficiencies
New ‘currency’ aims to tackle failings of predecessors
Saga sits between a stablecoin and crypto asset, designed by a team including former central bankers
OKEx expands crypto derivatives offering
Malta-based digital asset exchange upgrades trading architecture, with eye on futures and options trading
Banque de France to launch CBDC experiments in 2020
De Galhau says new directorate will consider using wholesale CBDC for tokenised asset transactions
Avelacom adds multi-cloud connectivity for crypto traders
Direct links set up in each location “jump” from points of presence to a cloud in under a millisecond
Focus on cross-border payments, not CBDC – Bundesbank
German central bank board member says prioritise “fast and efficient” payment network over digital currency
Singapore may allow trading in bitcoin-based derivatives
MAS opens consultation on proposal to allow trading of “payment token derivatives”
Interest-bearing CBDCs could solve welfare trade-off – IMF paper
Making CBDCs interest-bearing would avoid dangers to cash use or bank deposits
Crypto assets may force central banks into policy synchronisation
Paper examines the impact a global crypto asset would have on the “impossible trinity”
Afme calls for pan-European crypto-asset taxonomy
Industry body urges EU lawmakers and stakeholders to become leaders in delivering common regulatory framework for digital assets
Benoît Coeuré to head BIS innovation hub unit
Senior ECB official is highly regarded for work on payments and has warned of need for change
Singapore develops multi-currency blockchain network
Prototype developed in tandem with JP Morgan and Temasek enables payments to be carried out in different currencies
PBoC to rein in fintech firms after President Xi praises blockchain
Central bank will verify blockchain-compatible products in bid to ensure financial stability and curb speculation
ECB: Libra a “black hole” of legal certainty
But current global standards fit for purpose to underpin digital assets
Argentine central bank restricts crypto asset purchases
Central bank continues with measures to resist peso’s decline by curbing digital assets
AML deadline prompts FCA to warn crypto firms
Regulator says firms must not mislead customers about regulatory status and outlines deadline for registration
Cambodia extends blockchain payment system pilot
Central bank lengthens trial to end of year and explores including cross-border transactions
Numbering association starts work on crypto identifiers
Anna task force explores how Isins can be extended to digital assets such as tokenised securities and cryptocurrencies
Facebook not trying to replace central banks, claims Zuckerberg
Facebook chief plays down economic impact and says libra can help fight financial crime
BdF paper looks at digital currency and remuneration
Remuneration is key consideration for design of central bank-issued digital currencies, paper argues
‘Hegemonic digital currency’ could help fix global system – Carney
Using CBDC to facilitate online sales could bring about more rapid change, governor says
Bankers are ignoring crypto assets’ flaws – expert
Technologists are more worried than financiers by problems, expert tells IMF panel
G7 group warns of stablecoin risks as FSB sets out plans
Group’s final report says global stablecoins could generate “significant adverse effects”; FSB outlines plan for review of stablecoin regulation