Joasia E. Popowicz

1 week ago | centralbanking.com | Joasia E. Popowicz

The US Senate yesterday (June 17) passed the country’s first significant bill aimed at regulating crypto assets: the Guiding and Establishing National Innovation for US Stablecoins of 2025 Act, or Genius Act, which is designed to govern the issuance of stablecoinsThe bill, if enacted, would allow non-banks to issue their own ‘digital dollars’. It would also establish regulations for the approval and supervision of stablecoin issuers. Firms that wished to issue stablecoins would have to meet

1 week ago | centralbanking.com | Joasia E. Popowicz

Data is the “eyes and ears” that enables central banks to tell the stories of the economy, a panel chair told the Central Banking Summer Meetings on June 12. The panel – which brought together data architects from central banks in Europe, the Middle East, Asia and the Americas – discussed how to build resilient infrastructure that could incorporate artificial intelligence and quantum capabilities, while mitigating geopolitical risks. “Use of data science techniques requires state-of-the-art IT

2 weeks ago | centralbanking.com | Joasia E. Popowicz

When it comes to incorporating artificial intelligence, central bankers need to be curious and run lots of experiments. This was the message from panellists at the innovation and artificial intelligence stream at Central Banking’s Summer Meetings in London today (June 11). Discussing how to cultivate technological innovation – both internally and in their own jurisdiction’s economy – while balancing stability, a participant from a central bank in Africa said “every innovation comes with

2 weeks ago | centralbanking.com | Joasia E. Popowicz

The UK’s financial regulator has backtracked over its previous opposition to the retail trading of crypto exchange trading notes (CETNs). On June 6, the Financial Conduct Authority (FCA) said it was proposing to lift its previous ban on the debt instruments, which track crypto prices, “to support UK growth and competitiveness”. It opened a consultation, which is due to close on July 7. “This consultation demonstrates our commitment to supporting the growth and competitiveness of the UK’s crypto

3 weeks ago | centralbanking.com | Joasia E. Popowicz

Tweet Facebook LinkedIn Save this article Send to Print this page Politicians and observers of the digital assets market have expressed confusion of Pakistan’s crypto policy, after the central bank reversed its longstanding opposition to the sector. On May 30, in what domestic media described as “another U-turn” on crypto, the State Bank of Pakistan (SBP) said virtual assets were legal.