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CFTC Commissioner Christy Goldsmith Romero recommended regulators modernize its protection measures using technological advances as she warned that failure to do so would have a negative impact on American investors.Romero, speaking at the North American Securities Administrators Association’s annual meeting in San Diego, California, said that the government’s inability to
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The Bank of England (BoE) and U.K. Treasury are gearing up plans to create a digital currency that could "provide a new way to pay" without necessarily replacing cash.On Feb. 7, a joint consultation paper on Central Bank Digital Currencies (CBDCs) is set to drop, with the BoE and Treasury
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“That culture is not solely part of what’s happening in the subsidiary but it's often influenced by what’s happening in the parents,” Johnson said. She pointed out the CFTC lacked the oversight power to investigate FTX, which was based in the Bahamas at the time it sought Chapter 11 bankruptcy
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Global business provider Zventus announced a new blockchain initiative on Monday titled ‘Mortgage Blockchain Lab’. The proposal i meant to collate the resources of several mortgage experts, technology firms and academic institutions to collaborate on blockchain research and development focused on the mortgage sector. The California-based firm, whose product and service
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Lending has been around in some form for thousands of years — dating back to ancient civilizations where farmers would borrow seeds and use crops as repayment.The arrival of fiat currencies transformed the way economies were run back then. Indeed, you could argue that we’re seeing such a seismic shift
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It’s safe to say that 2020 has been a banner year for the digital-asset space. Bitcoin (BTC) soared past its previous high, and many other prominent cryptocurrencies reached their highest levels since the heyday of 2017 and early 2018. Across the financial services industry, institutional voices are expressing reinvigorated interest
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