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LIFElabs.io
LIFElabs.io
LIFEtoken is a digital currency on the Ethereum Blockchain. LIFElabs is building an ecosystem for digital currencies to be accessible to all but also a multifaceted platform for social organisations to adopt Blockchain technology to support their own projects.
#Fintech#Stablecoins#Ethereum#Blockchain#CryptoAssets#DFC
·lifelabs.io·
LIFElabs.io
Clifford Chance | Stablecoins - a global overview of regulatory requirements in Asia Pacific, Europe, the UAE and the US
Clifford Chance | Stablecoins - a global overview of regulatory requirements in Asia Pacific, Europe, the UAE and the US
"As digital assets transcend national borders, what does this mean for those interested in issuing or participating in a stablecoin project? What are the regulatory questions and other challenges that need to be considered? We take a look at the global picture in this comprehensive analysis."
#Fintech#CryptoAssets#Stablecoins#Regulation#DFC
·cliffordchance.com·
Clifford Chance | Stablecoins - a global overview of regulatory requirements in Asia Pacific, Europe, the UAE and the US
British Virgin Islands Announces BVI~LIFE™ Digital Currency
British Virgin Islands Announces BVI~LIFE™ Digital Currency
The government of the British Virgin Islands, in partnership with LIFElabs.io, will be launching a government-backed stablecoin. The BVI is a British overseas territory that currently relies on the USD as its national currency. LIFEtokens will be pegged 1:1 against the USD and be accessible to both residents and tourists.
#Fintech#CryptoAssets#Stablecoins#CBDC#DFC
·businesswire.com·
British Virgin Islands Announces BVI~LIFE™ Digital Currency
President Lagarde on Central Bank Digital Currency
President Lagarde on Central Bank Digital Currency
"A central bank digital currency would allow citizens to use central bank money directly in their daily transactions. However, depending on its design, a central bank digital currency could pose risks. For instance, they could alter the way in which monetary policy is conducted and transmitted to the real economy. They could also carry implications for the functioning of the global financial system and its stability. The question of central bank digital currencies and their optimal design therefore warrants further analysis."
#Fintech#CryptoAssets#CBDC#DFC
·bis.org·
President Lagarde on Central Bank Digital Currency
BoJ Report on "Legal Issues Around CBDC Issuance
BoJ Report on "Legal Issues Around CBDC Issuance
This Bank of Japan report published in September delves into the main legal issues related to the issuance of CBDC in Japan. It concluded that under current legislation, banknotes are considered tangible whereas so the current law would need to be revised in order to grant legal tender status to CBDC.
#Fintech#CryptoAssets#CBDC#DFC
·boj.or.jp·
BoJ Report on "Legal Issues Around CBDC Issuance
Stablecoins | Stable Report
Stablecoins | Stable Report
Here's a comprehensive list of all 235 stablecoin projects launched so far. "Launched" is an important distinction because the list includes closed projects (e.g., Basis). It also includes commodity-backed stablecoins (mostly gold) and private coins.
#Fintech#CryptoAssets#Stablecoins#DFC
·stable.report·
Stablecoins | Stable Report
This digital currency could build a more sustainable global economy
This digital currency could build a more sustainable global economy
To reduce the risk of any single stablecoin becoming systemically dominant (and simply replacing a fiat hegemon with a digital one), there should be an emphasis on interoperability and frictionless exchange across blockchains. Blockchain interoperability can increase economic and transactional scalability, speed and security.
#Stablecoins#CryptoAssets#Fintech#DFC
·weforum.org·
This digital currency could build a more sustainable global economy
French central bank floats European wholesale CBDC
French central bank floats European wholesale CBDC
The potential role of a DLT-based wholesale CBDC is in worth considering if not desirable according to the Banque de France's Denis Beau, and the central bank is quite open for experiments in that direction, together with the ECB and other central banks of the Eurosystem.
#Fintech#CryptoAssets#CBDC#DFC
·banque-france.fr·
French central bank floats European wholesale CBDC
What’s MakerDAO and what’s going on with it? Explained with pictures
What’s MakerDAO and what’s going on with it? Explained with pictures
MakerDAO is a protocol behind the stable coin DAI — a cryptocurrency that maintains a 1:1 peg to the USD. Think of 1 DAI as $1. What makes it unique is each DAI is backed by Ether instead of a 3rd party claiming to have the required collateral. Since Ether is volatile this poses some interesting challenges to maintain the peg.
#Fintech#CryptoAssets#Stablecoins#MakerDAO#DAI#DFC
·hackernoon.com·
What’s MakerDAO and what’s going on with it? Explained with pictures
DAI Is Moving Beyond Ether, But DeFi Isn't Decentralized Just Yet
DAI Is Moving Beyond Ether, But DeFi Isn't Decentralized Just Yet
MakerDAO has launched the multi-collateral version of its DAI stablecoin. But despite the rapid growth of the sector and the diversification of assets involved, DeFi is still influenced by a handful of central players: Namely, Polychain Capital, a16z, 1confirmation, and unknown MKR whales. With governance decisions largely influenced by those with the largest stakes to lose, some crypto veterans are pushing for a closer examination of MakerDAO's marketing directives.
#Fintech#CryptoAssets#Stablecoins#MakerDAI#MakerDAO#DFC
·coindesk.com·
DAI Is Moving Beyond Ether, But DeFi Isn't Decentralized Just Yet
From unknown wallet to unknown wallet
From unknown wallet to unknown wallet
"How long will regulators allow pseudonymous usage of stablecoins to continue? FATF regulations are supposed to be technology-neutral. So far FATF hasn't had much to say on stablecoins. But you can be sure that something is in the works, and it isn't likely to be good for stablecoin operators. The problem is that granting permissioned-pseudonymity to stablecoin operators contradict technology-neutrality. It sets one set of standards for bank accounts and another for stablecoins."
#Fintech#CryptoAssets#Stablecoins#AMLCFT#DFC
·jpkoning.blogspot.com·
From unknown wallet to unknown wallet
U.S. Fed Floats Rule Change Targeting ‘Narrow Bank’ Concept
U.S. Fed Floats Rule Change Targeting ‘Narrow Bank’ Concept
In March 2019 the U.S. Fed proposed amendments to its Regulation D (Reserve Requirements of Depository Institutions) to lower the rate of interest paid on excess balances ("IOER") maintained at Reserve Banks by "pass-through investment entities" (eligible institutions that hold a very large proportion of their assets in the form of balances at Reserve Banks). The Fed claims that PTIEs—could compromise its ability to conduct monetary policy by interrupting the transmission of IOER and Overnight Reverse Repurchase Agreement Facility rates to the federal funds rate. Also, a shift in deposits away from commercial banks could substantially reduce funding for loans, and that in times of financial stress, PTIEs could be procyclical in draining liquidity from the banking system.
#Fintech#CryptoAssets#CBDC#Stablecoins#DFC
·federalreserve.gov·
U.S. Fed Floats Rule Change Targeting ‘Narrow Bank’ Concept
Future of Money
Future of Money
SIX presents seven possible futures for money, in both its physical and digital form. The scenarios focus on Switzerland but continuing discussions will also take us beyond its borders. What is considered money, what form it takes, and how it is used, all look set to change dramatically in the near future.
#Fintech#CryptoAssets#CBDC#DFC
·six-group.com·
Future of Money
Gov’t-Issued Digital Currencies Threaten Financial Stability, Says Swiss Central Banker
Gov’t-Issued Digital Currencies Threaten Financial Stability, Says Swiss Central Banker
SNB board member Andréa Maechler told an audience in Zurich that private-sector digital currencies are better and less risky than nationally-issued versions. Furthermore, she added that a government-issued cryptocurrency could increase the risk of so-called "bank runs" – when a large number of customers withdraw funds from a bank based on concerns about the bank’s solvency.
#Fintech#CryptoAssets#CBDC#DFC
·cointelegraph.com·
Gov’t-Issued Digital Currencies Threaten Financial Stability, Says Swiss Central Banker
Fed Reserve Evaluating Digital Dollar But Benefits Still Unclear, Says Chairman
Fed Reserve Evaluating Digital Dollar But Benefits Still Unclear, Says Chairman
In a Nov. 19 letter responding to questions from lawmakers Rep. French Hill (R-Ark.) and Rep. Bill Foster (D-Ill.) in late September, Powell said the Fed has noted the efforts of other nations to explore a CBDC option, and that it continues to "carefully analyze the costs and benefits of pursuing such an initiative in the U.S."cb
#CryptoAssets#Fintech#CBDC#DFC
·coindesk.com·
Fed Reserve Evaluating Digital Dollar But Benefits Still Unclear, Says Chairman
So much for a cashless society: Currency is popular again, especially the $100 bill
So much for a cashless society: Currency is popular again, especially the $100 bill
Businesses are experimenting with going cashless, hoping to speed up transactions, combat theft and create a safer environment for their employees. Actually, though, physical currency is experiencing a resurgence. People in many of the world’s most advanced nations — including the United States, the euro area and Japan — are holding more of it than ever.
#CBDC#Cash#Fintech#DFC
·latimes.com·
So much for a cashless society: Currency is popular again, especially the $100 bill