Policy & regulation

Australian Central Bank Sees ‘No Strong Public Policy Case’ for CBDC

The Australian central bank sees no need to issue its own retail digital currency just yet, a top official said Wednesday. Tony Richards, head of payments policy at the Reserve Bank of Australia (RBA), told the UWA Blockchain, Cryptocurrency and Fintech conference that his agency had evaluated retail central bank digital currencies (CBDCs) and found …

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IMF, World Bank, G7 Countries to Create Central Bank Digital Currency Rules

International financial authorities and seven of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies. The Group of Seven (G7) — an organization of finance ministers and central bank governors representing the United States, Canada, United Kingdom, Germany, France, Italy and Japan — said in a report last week …

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Amid Confusion About Rules, Indian Crypto Community Pushes for Regulatory Sandbox

In the seven months since India’s top court allowed banks to legally service crypto platforms, users and trade volumes at local exchanges have increased. But regulators have said little about the rules for crypto trading.  Confusion can be detrimental to market growth. So to introduce more clarity, some in the Indian crypto community are pitching …

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Crypto Long & Short: A U.K. Ban on Crypto Derivatives Will Hurt, Not Protect Investors

This week the U.K.’s Financial Conduct Authority (FCA), which regulates the country’s financial services, issued a ban on the sale of crypto derivatives and ETNs to retail investors.  While this may not seem particularly material to crypto asset markets overall – U.K. retail investors weren’t that much into crypto derivatives anyway, and the market hardly …

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US Homeland Security Funds Anti-Forgery Blockchain Projects in Latest R&D Round

The U.S. Department of Homeland Security’s research and development wing, the Science & Technology (S&T) Directorate, on Friday awarded $817,712 in total to five blockchain startups in a bid to reimagine the federal government’s anti-forgery and counterfeit prevention operations. From creating digital Social Security Number alternatives to building e-commerce tracing systems, the winners have up …

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Money Reimagined: Fixing the Internet’s Big Flaw

The Money Reimagined Podcast After reading this newsletter, make sure you check out the latest edition of our podcast.  This week, Sheila Warren and I talk to Hyperledger Executive Director Brian Behlendorf about self-sovereign identity, the topic of the column below. A developer whose three-decade career has seen him deeply involved in efforts to foster …

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