Director of Research at R3 Antony Lewis and finance journalist Solomon Teague discuss distributed ledger technology and what impact it could have on central and commercial banks.
This animation explores how the blockchain could improve today’s payments systems, and what the hurdles are central banks need to clear first.
Given the international reach and inter-connectedness of global financial markets, it comes as no surprise that the legislation’s impact extends beyond the EU.
A UK charity has argued that automatic increases in credit limits can worsen an individual’s debt situation and has advocated for a ban on increases in credit without the cardholder’s explicit consent.
Regulators have started to voice their opinion and it ranges from treating “coins” like a security to outright banning banning ICOs.
The answers is probably ‘yes’ and regulators in Asia Pacific are reacting by setting standards on risk identification, assessment, mitigation and crisis management.
While important legislative developments have been in gestation for a number of years, recent events have heavily influenced the agenda for the next 12 months.