Tag: Stablecoins

In the FICC of It

There is plenty for Colin Lambert to ponder in this week’s podcast as he reviews the feedback to his recent comments suggesting the NDF market doesn’t need fragmentation, lets listeners in on the background to something that has been puzzling him, and then, with no little trepidation, he “tiptoes” into Cryptoland. Of course, there is […]

Forex Network Chicago: A Virtual Conference with a Difference

Next week on September 23 and 24, Profit & Loss hosts the latest of its virtual conferences, Forex Network Chicago, but this time things are different, with the addition of virtual exhibition booths for delegates to pop into during breaks between the panels. Registered attendees will be able to enter our exhibitor booths to see […]

WFE Calls for Standardised Regulatory Approach to Stablecoins

The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has called for the development of a common taxonomy to meet the growth of stablecoins, that would also cover crypto-assets more broadly. In a response to a consultation paper issued by the Financial Stability Board (FSB), WFE says this would create consistent […]

Facebook’s Libra Outlines New Approach

Libra, the digital currency Facebook set out to launch through the Libra Association last June, is taking a new direction, according to a new blog post released today, “Libra Developers: The Path Forward”. Notably, the new path no longer involves just a single, multi-currency coin backed by a basket of assets, but will begin with […]

FSB Releases Global Stablecoin Recommendations

The Financial Stability Board (FSB) today published for consultation 10 high-level recommendations to address what it sees as the regulatory, supervisory and oversight challenges raised by global stablecoin (GSC) arrangements. With continuing technological innovation in the financial sector as well as the COVID-19 pandemic, alternatives to cash may become yet more attractive, notes the FSB in a […]

BIS Report Warns Stablecoins Pose Risks for Financial Stability

The Bank for International Settlements (BIS) has issued a new report, warning that stablecoins – a type of cryptocurrency whose value is linked to a pool of assets in order to achieve price stability – could pose risks to the stability of both financial markets and the real economy. The report opens by acknowledging that […]

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