All posts tagged "stablecoins"
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220AML / KYCFATF Concludes Plenary, Finalises Work in Key Areas
The FATF will issue updated guidance for VASPs next week. A statement on Afghanistan was released. Beneficial ownership and cross-border payments also in focus.
October 23, 2021 -
252EnforcementCFTC Fines Tether as US Regulators Scrutinise Crypto Markets
The CFTC has fined Tether $41mn and Bitfinex's parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.
October 21, 2021 -
257Big PictureCrypto Asset Regulation “A Matter Of Urgency”, says BOE
Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.
October 19, 2021 -
268Fintech / RegtechG7 Ministers Endorse Public Policy Principles for Retail CBDC
Any CBDC must support, and ‘do no harm’ to, the ability of central banks to fulfil their mandates for monetary and financial stability.
October 15, 2021 -
141FeatureFSB Reports Progress on NBFI Risks, Cross-border Payments
A letter to the G20 ministers from the FSB focuses on work to develop a more resilient NBFI sector and address challenges in cross-border payments.
October 12, 2021 -
188International
FSB Takes Stock of Progress to Regulate ‘Global Stablecoins’
The FSB highlights concerns that new regulatory regimes for global stablecoins could give rise to regulatory arbitrage and harmful market fragmentation.
October 8, 2021 -
189Fintech / RegtechEtrading Software Opens Registration for Digital Token Identifiers
The new DTI Registry went live in July. Identifiers have already been issued for the top 100 cryptocurrencies by market cap.
October 8, 2021 -
205FeaturePFMI Applies to Global Stablecoins, CPMI & IOSCO Confirm
The transfer function of a stablecoin arrangement is "comparable" to the transfer function performed by other types of financial market infrastructures.
October 7, 2021 -
299AML / KYCLack of Crypto Regulation Presents Financial Stability Risk: IMF
The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.
October 6, 2021 -
290Big PictureGlobal Central Banks Urged to Accelerate CBDC Efforts
Banks worried about the implications of CBDCs should be more worried about stablecoins, DeFi and bigtech challenging their models, says Benoît Cœuré.
September 11, 2021
