IMF: CBDCs give more control, but don’t solve every problem
While the technology may deliver benefits for policymakers, there were many crises CBDCs could not fix, according to the International Monetary Fund.
Latest stablecoin News
G20 countries establish global stablecoin rules
While recognizing the rise in prominence of CBDCs, the Financial Stability Board is challenging the effectiveness and comprehensiveness of the existing financial regulations.
G7: Facebook’s Libra must not launch until it’s properly regulated
Financial regulators in the world’s seven biggest economies will continue to oppose the launch of Facebook’s digital currency Libra until proper regulations are in place.
Relay and Run bring first stablecoin to Bitcoin SV
USDC is the first publicly available token on BSV and Run 0.6, a token protocol that is not yet publicly released.
US regulator gives approval for banks to hold stablecoins
The Office of the Comptroller of the Currency has permitted national banks to hold reserves of digital currencies and other digital assets.
European Union set for digital currency asset law by 2024
The new rules will aim to make it both quicker and cheaper to facilitate cross-border payments, with the help of blockchain and digital assets.
USDC is Bitcoin’s first stablecoin
USDC is the very first stablecoin to launch on the Bitcoin blockchain (BSV) thanks to a partnership between RelayX and Run.
Reserve Bank of Australia: ‘No need’ for Aussie CBDC
The Reserve Bank of Australia is reportedly skeptical of the benefits of CBDCs, and is also concerned about private stablecoins.
Europe calls for strict regulations on digital currencies
Finance ministers called on the European Commission to ensure regulations are enforced to protect consumers and preserve state sovereignty in monetary policy.
Bermuda launches stimulus token, but no plans for CBDC
Bermuda has launched a digital token to stimulate the local economy following the COVID-19 pandemic.
Goldman Sachs looking for VP to head digital assets unit
The job posting comes weeks after the bank appointed a new head of Digital Assets team and expressed interest in launching a stablecoin.
State-owned Sberbank eyes launching Russia’s stablecoin
The “Sbercoin” will be equal to a fixed amount of Russian Ruble and that it will be used for digital financial asset settlements.