Don’t mention the war!
Hier is onze keuze uit de 3 belangrijkste Stablecoin nieuwsverhalen gedurende de week.
This week it has all been about Basel. I mean the lovely Alpine Swiss City of Basel, where the Bank of International Settlements (BIS) is based, not Basil Fawlty!
First, The Bank of International Settlements (BIS) which is based in Basel and the Bank of England (BOE) announced the launch of the BIS Innovation Hub London Centre today. BIS now has 4 Innovation Hubs across different locations.
Volgens de aankondiging, is BIS van plan om het wereldwijde bereik van haar Innovation Hub te vergroten. Eerder dit jaar tekende de financiële reus een memorandum van overeenstemming met het Federal Reserve System (New York) voor een strategisch partnerschap.
De bank vermeldde dat het werkprogramma van haar Innovation Hub zich momenteel richt op 6 belangrijke gebieden, waaronder CBDC's, groene financiering, open financiering, regtech, financiële marktinfrastructuren en cyberbeveiliging.
BIS en BOE lanceren Innovation Hub London Centre
Then the BIS released an update to its’ survey of 50 central banks in the first quarter of 2021, this paper explores initial thinking on the cross-border use of CBDCs. While most central banks have yet to take a firm decision on issuing a CBDC, the survey responses show a tentative inclination towards allowing use of a future CBDC by tourists and other non-residents domestically. They have a cautious approach to allowing use of a CBDC beyond their own jurisdiction. Concerns about the economic and monetary implications of cross-border CBDC use and about private sector global stablecoins are taken seriously. At the wholesale level, 28% of surveyed central banks are considering options to make CBDCs interoperable by forming multi-CBDC arrangements. This involves arrangements that enhance compatibility, interlink or even integrate multiple CBDCs into a single payments system. Finally, almost 14% of respondents are considering an active role for the central bank in FX conversion.
CBDCs beyond borders: results from a survey of central banks
The Guardian has stepped forward and made the positive case for CBDC’s and also reasons why the current Commercial, Private Banking and Payments processing sector should have their privileges removed.
And finally, returning to the current Banking infrastructure the BIS has opened a path to Banks holding Crypto assets with it’s latest consultation paper for the prudential treatment of banks’ cryptoasset exposures. The proposals split cryptoassets into two broad groups: those eligible for treatment under the existing Basel Framework with some modifications; and others, such as bitcoin, are subject to a new conservative prudential treatment.
Basel Committee consults on prudential treatment of cryptoasset exposures
Prudentiële behandeling van blootstellingen aan cryptoactiva
So, in summary the BIS is a hive of activity coordinating with other Central Banks, exploring with the Fintech industry various use cases and working on advice to Banks on how to treat this thing called Crypto! But what has this got to do with war? The BIS was established after the first World War to enable oorlog reparations from Germany, which of course we later decided was a historic mistake. So in discussing CBDC’s it’s probably better to follow Basil Fawlty’s advice.
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Alan Scott is een expert in de FX-markt en werkt al vele jaren op het gebied van stablecoins.
We hebben een zelfopgelegde beperking van 3 nieuwsverhalen per week omdat we drukke senior Fintech-leiders dienen die gewoon beknopte en belangrijke informatie willen.
Lees dit inleidende interview met Alan voor context over stablecoins "Hoe stablecoins onze wereld zullen veranderen" en lees artikelen getagd stablecoin in onze archieven.
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Nieuwe lezers kunnen 3 gratis artikelen lezen. Naar lid worden met volledige toegang tot alles wat Daily Fintech biedt, zijn de kosten slechts $ 143 per jaar (= $ 0.39 per dag of $ 2.75 per week). Voor minder dan één kopje koffie krijg je een week lang cafeïne voor de geest.
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Bron: https://dailyfintech.com/2021/06/16/stablecoin-news-for-the-week-ending-wednesday-16th-june/
