Cryptocurrency - Long Reads, News, Articles & Research: Finextra

IFGS 2022: FCA's Jessica Rusu discusses Russian sanctions and regulating cryptocurrency

Jessica Rusu, Chief Data, Information and Intelligence Officer at the FCA, spoke at the Innovate Finance Global Summit, the flagship event of UK FinTech Week, where she discussed Russian sanctions, regulating crypto and the focus for the FCA. Her key points included: Russian sanctions: “To support the UK’s economic sanctions against Russia, we hav...

05 April 2022 /crypto

‘A crisis of vision’: Richard Turrin takes aim at the Fed’s CBDC report

Paige McNamee Senior Reporter at Finextra

‘A crisis of vision’: Richard Turrin takes aim at the Fed’s CBDC report

A leading voice in the international central bank digital currency (CBDC) dialogue, fintech consultant and author of Cashless, Richard Turrin has spent over a decade working in the financial technology industry in China and APAC and brings a unique perspective to his analysis of the diverging approaches being taken to CBDC strategy and adoption. On...

25 February 2022 /crypto

Implications of Central Bank Digital Currencies on Cash Management

Retired Member

Implications of Central Bank Digital Currencies on Cash Management

Just when we all thought that cash management could not get any more complex central banks have begun introducing a new type of money – Central Bank Digital Currencies (CBDCs). This is an extract from The Future of Digital Banking in Asia 2022 report. CBDCs are a form of electronic money issued by a central banks like the Monetary Authority of Sin...

01 February 2022 /crypto

CBDCs: Here's what every central bank in the world is working on

Madhvi Mavadiya Head of Content at Finextra

CBDCs: Here's what every central bank in the world is working on

Here is the updated comprehensive list of where each central bank is at with their respective central bank digital currency, providing the most recent CBDC developments across 80+ central banks, so bookmark it and use it as a reference tool. What is a CBDC? Firstly, it makes sense to define what a Central Bank Digital Currency is and how it dif...

17 January 2022 /crypto

WallStreetBets founder Jaime Rogozinski talks institutional interest in cryptocurrency

Paige McNamee Senior Reporter at Finextra

WallStreetBets founder Jaime Rogozinski talks institutional interest in cryptocurrency

Following the launch of WSBDApp’s exchange-traded portfolio (ETP), WallStreetBets (WSB) founder and strategic advisor to the WSBDApp, Jaime Rogozinski, announced that the decentralised application is launching its DeFi products onto the Bitcoin blockchain on the Money 20/20 stage in Las Vegas. The app will facilitate securities trading by working ...

03 November 2021 /crypto

Arvin Abraham Partner at Goodwin Procter

Demystifying DAOs

Decentralised Autonomous Organisations (DAOs) are organisations whose rules and governance (the parameters by which they operate and stakeholders interact) are encoded in a blockchain (i.e., in a computer program rather than set out in a typical paper based governance document such as a shareholder’s agreement). As these rules are set out in a blo...

04 October 2021 /crypto

What’s going on with Binance? The low-down on the drama-ridden crypto exchange

Paige McNamee Senior Reporter at Finextra

What’s going on with Binance? The low-down on the drama-ridden crypto exchange

Thanks to a wave of disgruntled customers and enthusiastic regulators, Binance has been garnering all the wrong types of attention over the past 24 months. Bloomberg reported in March that the firm was under investigation by the US Commodity Futures Trading Commission, with the regulator seeking to determine whether cryptocurrency derivatives were ...

16 August 2021 /crypto

Taming the crypto frontier and the global regulatory clamp down on Binance

Arvin Abraham Partner at Goodwin Procter

Taming the crypto frontier and the global regulatory clamp down on Binance

Within the crypto community, Binance is ubiquitous. It is the world’s largest cryptocurrency exchange with twenty-four hour trading volumes (at time of writing) of approximately $19.3 billion, dwarfing its competitors. By comparison, its US based rival Coinbase had trading volumes of approximately $2.7 billion during this period. Although undeniab...

09 August 2021 /crypto

The role of digital currencies in the new era of open finance

Yuval Ziv Managing Director, Digital Payments at Nuvei

The role of digital currencies in the new era of open finance

The open banking revolution has been fuelled by the needs of digital-savvy customers yearning for more sophisticated services than legacy banks could offer. Now, as open finance emerges as the next step in this journey of innovation, digital currencies are naturally set to play a significant role. There are plenty of indications that digital along...

05 July 2021 /crypto

The future of payments: Digital currencies for a digital future

Paige McNamee Senior Reporter at Finextra

The future of payments: Digital currencies for a digital future

While neither the ECB nor the Bank of England have outlined a final decision on pursuing a CBDC, the central banks are actively researching the digital currency proposition and public discourse tends to suggest that CBDC is inevitable in one form or another. In the US, regulators have historically been loudly critical of digital currencies, howeve...

25 June 2021 /crypto

Cryptocurrencies and the offshore world - a difficult marriage?

Sam Sturrock Group Partner at Collas Crill

Cryptocurrencies and the offshore world - a difficult marriage?

This piece was co-authored by Sophia Moustras and Sam Sturrock, Jersey Corporate Finance, Collas Crill. The constant evolution of Fintech and the rise of cryptocurrencies to ubiquity has resulted in offshore regulators and legal frameworks having to continuously adapt and keep pace with change in order to ensure that the integrity of their financia...

18 June 2021 /crypto

Hamish Monk Reporter at Finextra

The real price of the bitcoin gold rush

With international focus on sustainability sharpening, the energy consumption of the world’s first ever popular virtual currency, bitcoin, is being put under the microscope. Its most vehement detractors argue bitcoin uses an unjustifiable amount of energy, and represents a thorn in the side of the wider green transition. Bitcoin’s advocates, on th...

13 May 2021 /crypto

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