CBDCs could support a more stable economy — if banks run the show
    27 Sep 2023

    Central bank digital currencies could confer economic benefits if governments don’t use them to cannibalize the commercial banking industry. Central bank digital currencies (CBDCs) have become well-established as a major talking point in the academic mainstream and geopolitics — not to mention the crypto community and its rowdy public discourse on X. While national leaders and supranational financial…

    US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’
    27 Sep 2023

    The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings. The Federal Reserve Banks of Boston and New York published a staff report on Sept. 26 comparing stablecoins, such as Tether and USD Coin, to money market funds. Key findings in the report include the observation that stablecoins and money market funds…

    Nomura’s Laser Digital receives in-principal approval for operations in Abu Dhabi
    27 Sep 2023

    The Japanese bank joins a rapidly growing number of digital asset firms operating in Abu Dhabi and the rest of the United Arab Emirates. The Abu Dhabi Global Market (ADGM) has granted Laser Digital, the digital assets arm of Japan’s Nomura Bank, in-principal approval to provide broker-dealer services and asset/fund management services with both digital…