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Swift Works on Enabling Real-Time Exchange of Digital Assets and Payments

Fintech News

Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.

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Stabilising The Crypto Frontier: UAE’s Groundbreaking Stablecoin Regulations

The Fintech Times

In this article, Akshata Namjoshi, Kabir Kuma, and Ahlam Faouzi from KARM Legal Consultants , the emerging technologies-focused law firm, provide an in-depth analysis of the UAE’s regulatory landscape for stablecoins. Additionally, stablecoins are increasingly being explored for use in payments due to their stability and efficiency.

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What Would it Take to Get Users Onside With CBDCs for Everyday Use?

The Fintech Times

In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. Yet many central banks have already actioned plans to introduce them.

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Revised Libra To Be Connected With Individual Country Currencies

PYMNTS

With a revised version of the planned digital currency, Facebook ‘s Libra will be supervised by worldwide watchdogs and connected to individual country currencies. Libra will now provide stablecoins based on a roster of separate currencies to be determined. The potential of the 2.5

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Libra Panic Sparks EU Vow To Govern Crypto

PYMNTS

New regulation principles to govern digital currencies are in the works by the European Union’s finance commissioner after fears ignited by Facebook’s planned Libra coin launch, Reuters reported on Tuesday (Oct. The EU largely rejected regulations on cryptocurrency until Libra was announced in June. “I At a G20 meeting planned for Oct.

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EU Finance Ministers To Call For Worldwide Response To Stablecoins, Libra

PYMNTS

At a G20 meeting in the middle of October, European Union finance ministers will reportedly tell their counterparts that a worldwide regulatory response is needed to so-called stablecoins like Facebook’s Libra. billion people globally who don’t have access to a bank account to the world of digital payments at no or low cost.

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ECB Calls For ‘Highest Regulatory Standards’ On Stablecoins

PYMNTS

European Central Bank Executive Board member Benoit Coeure called for strict supervisory principles for digital currencies and stablecoins like Facebook’s Libra, Bloomberg reported on Thursday (Oct. In the case of Europe, neither the Commission nor the ECB intends to make Europe a no-fly zone for stablecoins.