Banks holding bitcoin will have to set aside capital to back the full amount of their cryptoasset exposure, under guidelines proposed today by the Basel Committee for Banking Supervision (BCBS). […]
The UK’s central bank is preparing for a once-in-a-lifetime reordering of the monetary system as a result of the arrival of new forms of digital money. In a discussion paper […]
The UK’s financial services regulator has warned that client money is not safe if held at a cryptoasset firm. The warning came as the Financial Conduct Authority (FCA) announced it […]
The race to develop a central bank digital currency (CBDC) is often portrayed as one of polar opposites: the Chinese hare against the US tortoise. But we should keep a […]
Belief in a new era, rampant speculation, insider dealing, market manipulation, fortunes being won and lost… The cryptocurrency boom of 2020/21 sounds very much like the US stock market before […]
Lots of cryptocurrency traders got rekt (wrecked) during Wednesday’s market rout. But were their positions liquidated at a fair price? The latest crypto crash has prompted renewed questions about the […]
In the latest New Money Review podcast, Carol McNaughton Nicholls and Rachel Rowlinson of strategy consultancy ‘Britain Thinks’ talk about the behaviours, attitudes and financial resilience of self-directed investors in the UK. Britain Thinks […]
Diem, the Facebook-sponsored digital currency, could be highly disruptive to the US dollar payments infrastructure, say analysts at Bank of America Merrill Lynch (BAML). Earlier this week Diem said it […]
Half of the reserves of the unregulated digital dollar, tether, are in the unsecured debt of unknown corporate issuers, according to details of the stablecoin’s reserve backing at the end […]
Tech giant Facebook is targeting a multi-trillion dollar pool of money market fund assets as it seeks to launch its new digital currency, Diem, in the US. Yesterday Facebook announced […]