Crypto Assets
Crypto market faces growing fragmentation – BIS paper
Crypto assets are failing to generate network effects seen in standard payments, authors find
Fed’s Waller joins chorus of concern over crypto
Growing number of central bankers now talking about crypto regulation
BoE set to gain stablecoin insolvency powers
Government proposal would amend existing rules for dealing with failed payment systems
How to stop stablecoins from hoarding precious collateral
Repo markets expert and crypto bank chief exec think Fed reserves are the right answer
Yellen calls for new stablecoin regulation amid algorithmic crash
Terra, a leading stablecoin, lost its dollar peg as several crypto-assets fell
Fed warns on crypto risks as major stablecoin breaks peg
CBDC could help protect against risks from crypto assets including stablecoins, Fed says
Central African Republic makes cryptocurrency legal tender
War-torn state is second country to give crypto official status, after El Salvador
Paraguay legislative committee rejects crypto law
The central bank issued strong objections to the law, which passed the upper house in December
NBU restricts crypto purchases to stem capital outflows
Ukraine continues to accept bitcoin, ethereum and tether for war effort
Every CBDC decision is a tradeoff, says Bank of Canada’s Shah
Privacy, security, and offline access present difficult problems
Vietnam developing crypto legal framework
Country banned crypto as a means of payment in 2017
Thailand’s SEC bans crypto payments
BoT proposes limits on banks’ digital asset investments
UK regulators warn crypto firms not to breach sanctions
Crypto asset firms risk breaking law if they fail to enforce sanctions on Russia
Brazil moves forward with crypto legislation
Economic committee votes to give the central bank new regulatory powers
Stablecoin risks raise need for CBDC research – Brainard
ECB’s Panetta says “stablecoins are not money”, as Brainard weighs CBDC as possible alternative
Regulators race to curb crypto asset money laundering
Crypto assets are increasingly used as vehicles for money laundering, but regulating them is not necessarily straightforward
FSB warns of rising crypto asset risks
Sector could harm global financial stability if it carries on growing at current rate, FSB says
RBI deputy makes case for crypto asset ban
Left alone, crypto products could “wreck the currency system”, says T Rabi Sankar
Fed paper explores stablecoins’ impact on financial system
Researchers say stablecoins could be a ‘digital safe haven’ during volatility, but design choices matter
Diem confirms sale of stablecoin technology
Facebook-backed project sold its last remaining assets to Silvergate Capital
Facebook-backed stablecoin project to wind down, report says
Project formerly known as Libra had struggled to gain regulatory approval
Bitcoin’s carbon footprint rises with prices – DNB research
Total carbon emissions produced by crypto assets rose by 25% in 2020, study finds
Crypto markets may centralise power – BIS bulletin
Need for centralisation is “inescapable” despite crypto boosters’ claims to the contrary – researchers
US agencies conduct ‘policy sprints’ to tackle crypto risks
Approach modelled around “tech sprints” aims to get results quickly