Dive into the tech & future
Tough capital rules for banks holding cryptoassets must be fast-tracked in the European Union’s pending banking law if Europe wants to avoid missing a globally-agreed deadline, the bloc’s executive has said. The global Basel Committee of banking regulators from the world’s main financial centres has set a January 2025 deadline for implementing capital requirements for … Read more
Al Kelly, the CEO of payments giant Visa, has spoken in favour of blockchain-based payments solutions that are bound to revolutionise the future of the fintech industry. Kelly has pegged his hopes on stablecoins and central bank digital currencies (CBDCs), both of which are powered by blockchains, to open newer and faster ways to facilitate … Read more
To address potential financial stability risks and protect investors, it is important to arrive at a common approach to crypto assets, the Financial Stability Report released by RBI said on Thursday. In this context, various options are being considered internationally, it said. One option is to apply the same-risk-same-regulatory-outcome principle and subject them to the … Read more