Industry Insights
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Showing 1 to 3 of 64 posts.
Are We Ready for Self-Driving Banks?
Similar to how automotive laws, such as speed limits and turn signals, have been designed to protect against dangerous drivers and not dangerous cars, legacy banking regulations seek to regulate bankers, not banks. Blockchain technology and decentralised finance are delivering banking services through "self-driving banks", and regulators should revisit what a regulatory framework would look like in this new world.
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U.S. Lawmakers Propose Bill That May Require Stablecoin Issuers to Acquire Bank Charters
The STABLE act has been recently introduced with a focus to ban any stablecoin that is not issued by a chartered bank. This bill would target dollar-denominated liabilities rather than non-bank dollar-denominated liabilities, such as Apple Pay, Google Pay, Paypal, Moneygram or Western Union, and may have unintended far reaching consequences for participants on a network with dollar-denominated stablecoins.
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European Central Bank - Report on a Digital Euro
The European Central Bank has recently released a report that outlines the practicality benefits of issuing a digital version of the euro. This report also explores the probable risks that this digital euro could present to the current financial system.
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