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On The Web

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Systems

Crypto Experts in Demand As Countries Launch Digital Currencies

July 19 2021

“Monetary authorities around the world are rushing to design digital currencies, and many are asking: Who knows how to do this? Some of the first governments to go digital have found an answer in cryptocurrency enthusiasts. For these rebels against traditional approaches to finance, the digital trend presents an opportunity to create virtual money for […]
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Regulation

Basel’s Crypto Capital Plan Could Boost Banks’ Interest in Stablecoins

June 22 2021

“Although banks are only starting to grapple with the rising popularity of cryptocurrencies, a framework from global banking regulators outlining possible capital charges for them is a likely preview of how financial institutions could soon come to view digital money. The Basel Committee on Banking Supervision issued a proposal this month laying out how regulators […]
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Systems

BoE Says ‘Stablecoin’ Payments Need Same Rules As Banks

June 7 2021

“The Bank of England said on Monday that payments with ‘stablecoins’ – a form of cryptocurrency usually pegged to a traditional currency – should be regulated in the same way as payments handled by banks if they start to become widely used. The central bank also said it had made no decision yet about whether […]
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Systems

Visa And The Cryptocurrency Opportunity: Inside The Card Network’s Digital Currency Plans

June 4 2021

“While many use the terms cryptocurrency and digital currency interchangeably, Visa has chosen to characterize the area it is focusing on – the stablecoin side of the industry – as digital currencies.  Visa’s digital currency efforts currently fall into five areas. Some of these are well-established and already contributing to the company’s revenue growth, while […]
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Systems

Should Central Banks Worry About Facebook’s Diem and Alibaba’s Alipay?

June 1 2021

“Alibaba — an e-commerce platform in China similar to Amazon — has created its own payment system (Alipay) to provide currency-like services: facilitating transactions, supporting peer-to-peer transfers and paying interest. Platforms like Facebook and Amazon are also researching creating their own digital currencies, but so far they have relied primarily on existing payment methods. What […]
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Systems

Circle’s New Compliance Chief Looks to Refine Fintech Firm’s Risk Framework

May 25 2021

“Circle Internet Financial Ltd.’s new compliance chief plans to bolster the financial technology company’s risk and compliance leadership as U.S. authorities increase regulation of digital-currency transactions…Digital-currency transactions made through Circle’s services have been subject to inspection by federal authorities this year. Last month, a federal court in Massachusetts authorized the Internal Revenue Service to serve […]

On The Wires

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Deals

Circle Completes $440 Million Financing to Drive Growth and Market Expansion

June 1 2021

“Circle, a global financial technology firm that provides payments and treasury infrastructure for internet businesses, today announced it has raised $440 million in financing from leading institutional and strategic investors…Underpinning this growth is Circle’s principal contribution in the rapid rise of USD Coin, or USDC, as the world’s most trusted and fastest growing dollar digital currency, […]
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Reports

The Digitalisation of Money

May 20 2021

“The ongoing digital revolution may lead to fundamental changes to the traditional model of monetary exchange. Digital currencies facilitate instantaneous peer-to-peer transfers in a way that was previously impossible. New currencies that transcend national borders could redefine how payments and user data interact. They could affect the nature of currency competition, the architecture of the […]