DIGITAL CURRENCIES
Understanding Arcade Tokens: A New Frontier in Digital Economies
Arcade tokens are emerging as a vital element in digital economies, offering unique benefits through programmability and interoperability, according to a16z. Discover their potential in shaping future marketplaces.
Joachim Nagel: Central Banks Need to Embrace Digital Currencies for Future Relevance
Bundesbank President Joachim Nagel emphasizes the need for central banks to adopt digital currencies and integrate distributed ledger technology to ensure their future relevance.
Ted Cruz Introduces Bill to Block Fed CBDC
Republican Senator Ted Cruz has introduced a bill to prevent the Federal Reserve from launching a central bank digital currency (CBDC) that could be used for financial surveillance. This is his second attempt at blocking the Fed's CBDC initiative.
UK Launches Global Crypto Law Review as it Considers Legal Reforms
The Law Commission of England and Wales will explore legal proceedings from other countries to create its own crypto-based legal reforms
Approach to Crypto Regulation is More Proactive: CFTC Chair
Rostin Behnam, the Chairman of the CFTC, has revealed that the commission is more than ready for regulatory oversight of the digital currency ecosystem as the industry evolves.
Singapore and Cambodia to Explore CBDC to Boost Payments Ecosystem
Singapore and Cambodia are notably exploring the use of CBDCs and digital currencies to improve their payment ecosystem efficiency and bolster the growth of startups aboard.
Bank of Israel Issues Draft Regulations Regarding AML for Crypto Firms
The Bank of Israel has issued a new draft guideline to stakeholders in the cryptocurrency ecosystem as it relates to Anti-Money Laundering (AML) provisions.
Acting OCC Comptroller Urges Regulators to Collaborate with Crypto Intermediaries
Michael J. Hsu, the Acting Comptroller of the Office of the Comptroller of the Currency (OCC) has advocated that regulators should collaborate with major crypto intermediaries in order to get a grasp of how the ecosystem functions.
European Digital Currencies Soon to Become Legal Tenders, ECB Says
Central Bank Digital Currencies may soon become legal tenders in their jurisdictions as planned by major central banks in Europe as officials are currently studying such initiatives.
Bank of Thailand Warns Against the Use of Digital Currencies Payments
The Bank of Thailand warned against the use of digital currencies as legal tender.
South Korea Top Four Crypto Exchanges Launch Joint Venture To Abide By AML Regulations
The heads of Bithumb, Korbit, Coinone, and Upbit signed a memorandum to form a company with a system, which will enable them to adhere to anti-money laundering regulations.
The Bank for International Settlements Gives CBDCs Full Backing
The Bank for International Settlements (BIS) announced its full support for developing central bank digital currencies (CBDCs) in pursuing financial and monetary stability through international cooperation with the mandate and support by central banks.
The ECB Warns Financial Stability Risks If Central Banks Fails to Issue Digital Currencies
The European Central Bank (ECB) warns that nations who decide not to issue CBDCs may encounter risks to their monetary autonomy and financial systems.
Microsoft President Says Fintech Firms Should Leave the Role of Issuing Digital Currencies to Governments
Microsoft President Brad Smith has criticized financial technology firms attempting to issue currencies, stating that governments are still best suited to play this role.
Coinbase Crypto Exchange to Support CBDCs in the Future as Long as They Meet Listing Standards
Brian Armstrong, Coinbase's CEO, has stated that the crypto exchange was open to the idea of supporting central bank digital currencies (CBDCs) on its network in the future.