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South African Central Bank Governor: Regulators and Policymakers Must Be Involved in Shaping Potential Move to DLT Markets

South African Central Bank Governor: Regulators and Policymakers Must Be Involved in Shaping Potential Move to DLT MarketsThe head of the South African central bank has insisted that regulators and policymakers should be involved in directing any potential move to markets that are based on distributed ledger technology (DLT). Pondering the Implications of Innovation The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has argued that central banks, regulators, and […]

Why Stablecoins Fail: Lessons From the Past

Europe’s Securities Watchdog Seeks Feedback on Regulations Ahead of DLT Pilot

Europe’s Securities Watchdog Seeks Feedback on Regulations Ahead of DLT PilotESMA, the European Securities and Markets Authority, has set out to establish if EU authorities need to amend existing regulations in order to facilitate the trading and settlement of tokenized securities. The regulator is now seeking opinions on the matter ahead of launching a pilot regime for market infrastructures based on distributed ledger technology (DLT). […]

Why Stablecoins Fail: Lessons From the Past

South African Fintech Raises $120 Million in Funding Round Led by Fidelity

South African Fintech Raises 0 Million in Funding Round Led by FidelityA South Africa and London-based fintech startup, JUMO, recently revealed it has raised $120 million in a funding round led by Fidelity Management & Research Company. AI-Powered Financial Services According to a report by Techcrunch, financial services giant Visa and Kingsway Capital also participated in the funding round, which now sees JUMO valued at $400 […]

Why Stablecoins Fail: Lessons From the Past

Crypto Presents Financial Stability Concerns, Bank of England Deputy Governor Warns

A senior Bank of England official says that crypto could potentially be a threat to overall financial stability. In a new speech, deputy governor Jon Cunliffe weighs the pros and cons of crypto technology. He says that while “a prospect of radical improvements in financial services” exists, current crypto applications present financial stability concerns. “A […]

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Why Stablecoins Fail: Lessons From the Past

African Economist Says Regulated Cryptocurrencies Are Reasonable Alternative to Single Trade Currency

African Economist Says Regulated Cryptocurrencies Are Reasonable Alternative to Single Trade CurrencyA Nigeria-based research and development economist, Gospel Obele, has called “for a unified regulatory mechanism for cryptocurrency trading.” He adds that such regulation of cryptocurrencies can potentially “complement an African digital currency,” hence this needs to be considered. Cryptocurrencies Show the Way In remarks published by Joy Online, Obele insists that cryptocurrencies have already shown […]

Why Stablecoins Fail: Lessons From the Past

Osprey Polkadot Trust Arrives as Institutional Interest in Altcoins Swells

Osprey Polkadot Trust Arrives as Institutional Interest in Altcoins SwellsThe newest investment trust tracking polkadot echoes other moves by the fund manager to make cryptos accessible via traditional equity markets and satisfy growing investor demand as interest in ETPs mounts. Low-Fee Offering to be Launched on OTCQX Market Bitcoin may have been the first crypto to make a splash in traditional financial markets via […]

Why Stablecoins Fail: Lessons From the Past

An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties of Money’

An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties of Money’Isabel Schnabel, a board member with the European Central Bank (ECB), has attacked bitcoin claiming the crypto asset “does not fulfill the basic properties of money.” She also describes bitcoin as a “speculative asset without any recognizable fundamental value and is subject to massive price swings.” Schnabel also surmises that trust in “cryptocurrencies might rapidly […]

Why Stablecoins Fail: Lessons From the Past