On Friday, credit rating agency Fitch published a research piece about Russia's proposed ban on cryptocurrencies. Although the report agreed with the Central Bank of Russia's (CBR) position that the ban would limit its financial system's exposure to risks, it also cautioned that such a proposal could "hold back the diffusion of technologies that could improve productivity."In … [Read more...] about Fitch says proposed Russia crypto ban eases risks but curbs innovation
Innovation
OCC Chief Hsu Says Regulation Could Boost Stablecoin Innovation
Regulating stablecoin issuers like banks could encourage innovation in the crypto industry, according to top U.S. banking regulator Michael Hsu.Speaking at an event on Thursday, Hsu – the acting comptroller of the Office of the Comptroller of the Currency (OCC) – told attendees that increased regulations for the stablecoin industry could also make innovations … [Read more...] about OCC Chief Hsu Says Regulation Could Boost Stablecoin Innovation
BIS Names CBDC Expert as Head of Euro-Region Innovation Center
The Bank for International Settlements, the umbrella group for central banks, named an expert in central bank digital currencies (CBDCs) as the head of its innovation center for the euro region.Raphael Auer is currently an economist in the Innovation and the Digital Economy unit of the BIS’ Monetary and Economic Department, the Basel-based organization said in a statement … [Read more...] about BIS Names CBDC Expert as Head of Euro-Region Innovation Center
The Innovation at the Heart of the Global Crypto Transformation
This episode is sponsored by NYDIG.Download this episodeThis week’s Long Reads Sunday is a reading of Dan Jeffries’ “The Future of Money: A History.”“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and … [Read more...] about The Innovation at the Heart of the Global Crypto Transformation
Deterring adoption? Balancing security and innovation in crypto
The cryptocurrency space moves rapidly, so much so that every year, there’s a new trend: from initial coin offerings (ICOs) to nonfungible tokens (NFTs) only a few years have passed. In the face of such astounding innovation, crypto companies and regulators face a growing challenge: balancing security practices with new products and features.Some companies’ approach is to move … [Read more...] about Deterring adoption? Balancing security and innovation in crypto