Global Fintech & Digital Assets Blog

Tag Archives: CBDC

President Biden Issues Executive Order on Digital Assets

The order directs federal agencies to focus on six priority areas within the digital asset sector and potential development of a US CBDC. By Alan W. Avery, Yvette D. Valdez, Stephen P. Wink, Pia Naib, Adam Bruce Fovent, and Deric Behar On March 9, 2022, President Biden issued an Executive Order on Ensuring Responsible Development … Continue Reading

2021 Digital Asset Regulatory Lookback (US Edition)

Popular and institutional interest in digital assets, decentralized applications, NFTs, and blockchain technology skyrocketed, and regulators sprinted to catch up. By Todd Beauchamp, Yvette D. Valdez, Stephen P. Wink , Adam Bruce Fovent, Adam Zuckerman, and Deric Behar For the digital asset markets, 2021 was a banner year. Among the milestones: •  Bitcoin prices hit … Continue Reading

Prelude to a Digital Euro: European Central Bank Joins the CBDC Race

A new report explores the advantages, impacts, and approaches the Eurosystem is considering as it contemplates a digital currency. By Max von Cube In October 2020, the European Central Bank (ECB) published a Report on a Digital Euro (the Report). The Report sets out the main findings of a task force initiated in early 2020 … Continue Reading

A Map for the New World of Blockchain

A collaborative project led by the Global Blockchain Business Council represents an unprecedented effort to analyze the technical and regulatory blockchain landscape. By Stuart Davis, Axel Schiemann, Farhana Sharmeen, Simon Hawkins, Max von Cube, Kenneth Y.F. Hui, and Gen Huong Tan On October 14, 2020, the Global Blockchain Business Council (GBBC) and the World Economic … Continue Reading

Webcast: Stablecoins, CBDCs, and the Future of Payments

Latham fintech lawyers and key industry leaders explore the progress and potential of CBDCs, use cases for stablecoins, and the global regulatory landscape. Many central banks around the world are currently considering central bank digital currency (CBDC). According to the Bank of International Settlements’ recent survey of 66 central banks, 80% of surveyed central banks … Continue Reading

European Central Bank Crypto-Assets Task Force Releases Paper on Cryptocurrencies

The paper discusses supervision and regulatory issues of cryptocurrencies, and finds that a central bank digital currency in the EU is not (yet) warranted. By Max von Cube In May, the European Central Bank’s Crypto-Assets Task Force published a paper on cryptocurrencies such as Bitcoin, Ether, and Ripple (referred to as narrowly defined “crypto-assets”). The … Continue Reading
LexBlog