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News and resources on digital currencies, crypto assets and crypto exchanges worldwide.

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Point72 Ventures ditches fintech team – Forbes

Point72 Ventures ditches fintech team – Forbes

Point72 Ventures has fired five of their investors, three from fintech and two from their digital assets team, according to two sources with knowledge of the situation.

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Trade finance to play major role in $30 trillion tokenised assets market

Trade finance to play major role in $30 trillion tokenised assets market

Lord Christopher Holmes of Richmond MBE on what the AI Regulation Bill Means for Fintech

Lord Christopher Holmes of Richmond MBE on what the AI Regulation Bill Means for Fintech

Digital euro would maintain freedom to choose how Europeans pay - ECB

Digital euro would maintain freedom to choose how Europeans pay - ECB

Crossover Markets scores $12 million funding round

Crossover Markets scores $12 million funding round

NAB invests in Zodia Custody

NAB invests in Zodia Custody

Wholesale, not retail, CBDCs more likely to be issued in near-term - BIS

Wholesale, not retail, CBDCs more likely to be issued in near-term - BIS

EBAday 2024: Challenges and benefits of CBDCs

EBAday 2024: Challenges and benefits of CBDCs

EBAday 2024: Turning European dialogue into solutions for the new payments era

EBAday 2024: Turning European dialogue into solutions for the new payments era

EBAday 2024: Tokenisation and digital identity will lead banking evolution

EBAday 2024: Tokenisation and digital identity will lead banking evolution

Boerse Stuttgart Digital hires Solaris tech lead as CTO

Boerse Stuttgart Digital hires Solaris tech lead as CTO

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[Webinar] AI and Synthetic Data: Fighting Financial Fraud and Protecting Customers[Webinar] AI and Synthetic Data: Fighting Financial Fraud and Protecting Customers
Cryptocurrency blogs
Cryptocurrency Insights  

A Guide to FCA Cryptoasset AML/CTF Applications for Crypto Firms: PART IV

Rodrigo Zepeda

Rodrigo Zepeda - Storm-7 Consulting Limited - London

Cryptocurrency Insights  

A Guide to FCA Cryptoasset AML/CTF Applications for Crypto Firms: PART III

Rodrigo Zepeda

Rodrigo Zepeda - Storm-7 Consulting Limited - London

Cryptocurrency Insights  

A Guide to FCA Cryptoasset AML/CTF Applications for Crypto Firms: PART II

Rodrigo Zepeda

Rodrigo Zepeda - Storm-7 Consulting Limited - London

 

Restaking in Crypto: The Next Big Thing or a Risky Gamble?

Evgeny Filichkin

Evgeny Filichkin - Keytom - Dubai

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Lord Christopher Holmes of Richmond MBE on what the AI Regulation Bill Means for Fintech

Lord Christopher Holmes of Richmond MBE on what the AI Regulation Bill Means for Fintech

At IFGS 2024, Lord Christopher Holmes provides his view on announcements such the Open Finance Task Force, which were revealed by Bim Afolami MP. Lord Holmes also dives deep into the AI Regulation Bill and how the industry can better align technology for financial inclusion and to benefit vulnerable customers.
Striking the balance: Navigating e-commerce trends

Striking the balance: Navigating e-commerce trends

Speaking at MPE 2024, Karan Johal, Global Head of Sales at Ecommpay, discusses emerging trends and challenges in the e-commerce sector, focusing on contactless payments, customer expectations, security, and the role of alternative payment methods (APMs) in enhancing the payment experience and expanding geographical reach for merchants.
Enabling connectivity across blockchains

Enabling connectivity across blockchains

At Sibos 2023, Sergey Nazarov, Co-Founder, Chainlink, discusses how institutions are enabling connectivity and interoperability through collaboration across public and private blockchains.
Navigating the DLT and Blockchain Ecosystem

Navigating the DLT and Blockchain Ecosystem

Sabih Behzad, Head of Digital Assets & Currencies, Corporate Bank, DEUTSCHE BANK, speaks at Sibos 2023 about the evolution of DLT and Blockchain within the financial services space, the challenges of implementation, and strategies needed to achieve momentum and scale for the future.
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Hamish Monk

How to realise the benefits of CBDCs

Hamish Monk - Writer - Finextra
Discussion
Paxos lays off 20% of staff
Yaroslav Ivanov

Yaroslav Ivanov

  It would be nice to have a more precise tie to gold.

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Wholesale, not retail, CBDCs more likely to be issued in near-term - BIS
Jeremy Light

Jeremy Light

  It is inevitable that central banks will shift their focus to wholesale CBDCs - there are some genuine benefits and innovations in replacing/complementing RTGSs for transacting in reserves. Unlike retail CBDCs where central banks have no expertise in retail payments and face huge public resistance on privacy and censorship concerns that look impossible to address. However, stablecoins are likely to be hugely beneficial drivers of innovation in retail and commercial payments. Although stablecoins use secure blockchains, in reality they are very different to crypto, as they are simply tokenised fiat currency and can be used as a means of exchange just like paper or electronic fiat currency. The BIS is a fan of asset tokenisation (https://www.bis.org/speeches/sp240209.htm) although seems to suggest that price fluctuations in stablecoins rule them out as a suitable way to tokenise fiat currency. However, e-money is a form of tokenised fiat currency and has been in successful widespread use for decades - designed properly, stablecoins have huge potential. It is also a misconception that stablecoins are rarely used for payments. It is true their genesis and major use is in the trading of non-fiat cryptocurrencies on crypto-exchanges, but their use in payments is growing and this will continue in leaps and bounds. Checkout Circle's website for examples https://www.circle.com/en/case-studies. Better still, try it for yourself - sending a dollar payment cross-border using, say USDC is a delight compared to using the banking system. Almost immediate settlement, low fees and a FX rate at the wholesale rate (very little, if any spread).

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Digital pound would not require new POS systems - BofE
Marite Ferrero

Marite Ferrero

  I looked at what problem the BofE is trying to solve with the Digital pound. Only thing I can find is this: "The Bank and the Government would not have access to any personal data and users would have freedom in how they spent their digital pounds."  Currently a person can buy a prepaid card in the UK that can be used in POS's. In general, the person buying needs to provide an ID (to deter money laundering). So if the raison d'etre of a Digital pound is to give users Privacy and freedom in how they spend their Digital pounds, wouldn't this then be opening users to money laundering? If BofE wants to give this, then why just not loosen the rules around the purchasing and usage of prepaid cards? I believe prepaid cards are digitised already. So, problem solved.

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Digital pound would not require new POS systems - BofE
A Finextra Member

A Finextra member

  Much agreed. The advancment of Asia also facilitates their emergence towards economical freedom hence BRICS. The UK and US drags the proverbial foot as they can but only for so long. Time is truth.

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Featured
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US judge green lights Terraform's $4.5bn SEC settlement

US judge green lights Terraform's $4.5bn SEC settlement

Bank-backed DLT-based CBDC platform Project MBridge reaches MVP stage

Bank-backed DLT-based CBDC platform Project MBridge reaches MVP stage

Ethereum ETFs approval progresses with SEC announcement

Ethereum ETFs approval progresses with SEC announcement

Mastercard and Standard Chartered pilot tokenised deposits

Mastercard and Standard Chartered pilot tokenised deposits

The long read
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Madhvi Mavadiya

Is Europe ready for MiCA?

Madhvi Mavadiya - Finextra Research
Elsewhere...

  1. Times Tabloid

    ChatGPT predicts 85% probability of XRP adoption by banks. But there is a complication

  2. Forbes

    The ECB warns that the iPhone is "incompatible with digial currency"

  3. Verdict

    ‘Web 2.5’ and the future of decentralised finance

  4. Bank Underground

    New money, old money

  5. The Guardian

    The digital pound: an impetuous idea with a risky momentum of its own

The long read
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Madhvi Mavadiya

US Elections 2024: Will a crypto-savvy President be preferred after the FIT21 bill?

Madhvi Mavadiya - Finextra Research