Latest Updates
PayPal Launches a Stablecoin in Latest Crypto Payments Push
Date: 07 August, 2023
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In a groundbreaking move, PayPal has entered the stablecoin arena, launching its own dollar-denominated stablecoin named PayPal USD. Despite heightened scrutiny...
Global regulators seek to crack down on decentralised finance
Date: 07 September, 2023
In a significant move, global securities regulators have unveiled a blueprint aimed at holding participants in "decentralized finance" (DeFi) accountable for...
Bank of England says may need limits on using stablecoins for...
Date: 17 April, 2023
In a statement on Monday, Bank of England Deputy Governor Jon Cunliffe suggested the necessity of imposing initial limitations on the...
EU watchdog sets out capital, liquidity rules for stablecoin issuers
Date: 08 November, 2023
On November 8, the European Union's banking watchdog introduced proposals mandating that issuers of stablecoins backed by currencies must possess adequate...
EU watchdog calls for early adoption of stablecoin standards
Date: 12 July, 2023
In a bid to enhance oversight and mitigate risks, the European Union's banking watchdog has called on stablecoin issuers to voluntarily...
FCA and BOE release discussion papers on stablecoin regulations in the...
Date: 07 November, 2023
On November 7, the United Kingdom's Financial Conduct Authority (FCA) and the Bank of England (BOE) jointly released discussion papers outlining...
Global regulators to review bank capital rules for stablecoin exposure
Date: 07 December, 2023
On December 7, global banking regulators announced plans to initiate consultations regarding potential revisions to the capital adequacy requirements for banks...
Klarna Wins Regulatory Approval to Offer Credit, Payments in UK
Date: 23 November, 2023
Klarna Bank AB has secured regulatory approval to provide credit and payment products in the UK, ensuring its continued operations in...
How to make central bank digital currencies work for offline payments
Date: 10 November, 2023
Governments across all continents are actively exploring the implementation of government-backed digital currencies. However, they face significant hurdles, including the critical...
Central bank digital currency evolution in 2023: From investigation to preparation
In a bid to navigate the rapidly evolving landscape of digital assets in the private sector, the UK government has taken a decisive step...
Digital Euro Updates
Digital Euro provide insights into the thinking of central banks about CBDCs and the potential role that CBDCs could play in the future financial...
Calls for applications for digital euro component providers
Key Points:
Alias Lookup Component: Streamlines payment transactions using user-friendly aliases instead of lengthy account numbers for enhanced user convenience.
Fraud and Risk Management Component: Provides...
Reserve Bank and Digital Finance CRC Complete CBDC Research Project
In a bid to navigate the rapidly evolving landscape of digital assets in the private sector, the UK government has taken a decisive step...
Bis Projects
The work of the Bank for International Settlements (BIS) on central bank digital currencies (CBDCs) is likely to provide central banks with a more...
UK-Japan Financial Dialogue and Regulatory Forum: A Shared Vision for Global...
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Date: 27 November, 2023
The 5th Financial Dialogue (FD) and the 2nd Financial Regulatory Forum (FRF) between Japan and the United Kingdom recently concluded, marking...