Uruguay hosts P2P Financial Systems International Workshop

#Sarb is repositioning to be at the centre of financial innovation by building the regulatory, technical and policy foundations for South Africa’s digital financial future. It's doing this by deepening its engagement with #cryptoassets and #stablecoins, according to its latest annual report, which RUAN JOOSTE unpacked here. #ReserveBank #financenews #openfinance https://lnkd.in/dRhJ3Fjc

In its latest report, Sarb said that ‘the rapid growth in digital assets and distributed ledger technology presents both opportunity and risk for South Africa’s financial system’. 

💥Deutsche Börse and Circle partner to push stablecoin adoption in Europe's capital markets 👇 Deutsche Börse Group and Circle Internet Financial (NYSE: CRCL) have signed an MoU to integrate USDC and EURC into Deutsche Börse’s financial market infrastructure. This includes: - Listing and trading of stablecoins on 3DX (digital exchange) and via Crypto Finance (institutional crypto broker), both part of Deutsche Börse. - Custody: Institutional-grade custody through Clearstream, with Crypto Finance Group (Germany) acting as sub-custodian. Source: https://lnkd.in/eyR-AwQC ➡️ Why this matters Despite the recent announcement about nine European banks coming together to issue a consortium EUR stablecoin, Circle's EURC stablecoin is by far the largest MiCAR-compliant EUR stablecoin with $270M market supply. While there is much talk about the tranformative power of stablecoins, institutional usage of stablecoins in Europe has so far been more theory than practice. This move by Deutsche Börse could mark the first real integration of stablecoins into European capital markets infrastructure. Ball is in ESMA's court. ✅ Want more business insights on digital assets and tokenization? Join 20,000+ readers at Tokenization Insight to get the latest market insights 👉 https://lnkd.in/eCZyphum

In 2019, a small group of entrepreneurs and academics founded the Stanford Future of Digital Currency Initiative (FDCI) with a basic belief that digital currencies would improve and reshape global payments. We waited 6 years for the world to catch up. The GENIUS ACT made a difference. Today, that patience paid off with research released by Lisa Claire Nestor, a member of the FDCI that proves our hopes were right: Lisa's research analyzed: 41+ million Stablecoin transactions $2.5+ billion in real-world usage 16.4% were micropayments under $2 (previously impossible!) Geographic locations included the Global South and parts of Latin America The data revealed: Stablecoins: 96.3% settle in <1 hour. Average time is 7 minutes Traditional systems: Only 33.5% met this benchmark, the average time is 2 to 3 days. Wallet to wallet transfers of money incur negligible fees. This helps in emerging countries where almost 60% of payments are less than $10. Much credit to the team who saw this future coming: The FDCI Founding Team: David Mazières, Jonathan M. Padilla （彭庄炜） David Wen, Atticus Francken, Alex McComb, Jonathan Rufrano, Paul Toback Thanks again to Lisa Claire Nestor ,

The Hong Kong Monetary Authority (HKMA) has unveiled a draft proposal to relax capital requirements for banks holding crypto assets, signalling heightened competition in the Asia-Pacific region to attract digital asset business. Read more: https://lnkd.in/dUPJDQxx

🇦🇪 #UAE advances global #crypto transparency ⤵️ The Ministry of Finance has signed the Multilateral Competent Authority #Agreement under the Crypto-Asset Reporting Framework (#CARF). 📅 Public consultation runs until 8 Nov 2025, shaping rules for a 2027 rollout and first data exchanges in 2028. Details below 👇 https://lnkd.in/d9Pu84Vh

The emergent phenomenon of decentralised finance (“DeFi”) can be understood as the performance of financial functions through applications that are built on distributed ledger technology and operate using cryptoassets and smart contracts, without the need for traditional centralised intermediaries. In what ways does DeFi challenge existing financial regulation, and how should regulation develop in light of the DeFi phenomenon? This article by Rachel Phang provides an overview of DeFi, surveys the current regulatory landscape in Singapore, considers key regulatory issues and policy considerations associated with DeFi, and discusses some potential directions for the future development of the regulation of DeFi. Read the article: https://lnkd.in/g-Mm2-3m SAcLJ: https://lnkd.in/gNFYE33 If you wish to contribute to the journal, submit your article via: https://lnkd.in/gVfkdUY9. #SingaporeLaw #LegalResearch #AcademyPublishing #SAL #SAcLJ #CompanyLaw #APInsights

Honored to join fellow Asian stablecoin issuers from 🇵🇭🇲🇾🇰🇷🇯🇵 at Asia Stablecoin Conference 🇰🇷 hosted by Asia Stablecoin Alliance Here is few key takeaways from our discussion: • Regulatory clarity is the foundation for exponential growth. • Cross-border payments and remittances are the most compelling use cases to drive adoption. • Preserving currency sovereignty is critical for every nation to reduce overreliance on USD stablecoins in global trade. Excited to keep building IDRX 🇮🇩 alongside peers across the region. The future of stablecoins in Asia is just getting started.

The UK Financial Conduct Authority has reduced average approval times for crypto-asset registrations from around seventeen months to just over five, while acceptance rates have climbed from under 15% to roughly 45% over the past year. This acceleration does not represent a relaxation of standards. As FCA Executive Director David Geale has highlighted, the improvement reflects better resourcing within the regulator and a higher quality of applications; not any dilution of oversight. Why this matters? • Global competitiveness: With jurisdictions such as Dubai, Singapore and the United States actively attracting digital asset businesses, the UK cannot afford to lag behind. • Strategic pause: Some firms may be deferring applications until the UK introduces its comprehensive crypto regulatory framework next year, signalling the potential for a surge in applications once the framework is in place. • Quality over quantity: The FCA’s use of pre-approval meetings and industry workshops is already raising the standard of submissions; a best practice other regulators might consider adopting. For professionals across crypto, compliance and financial regulation, this serves as a timely reminder: efficient supervision is not synonymous with weaker supervision. It enables well-prepared firms, with strong governance and anti-money laundering controls, to move more swiftly through the regulatory process. #FCA #CryptoRegulation #FinTech #Compliance #UKFinance

Representing ESMA at #Eurofi in Copenhagen, Verena Ross (Chair), Natasha Cazenave (Executive Director), and Klaus Löber (CCP SC Chair) are engaging in a range of panels. Topics include the Savings and Investments Union, retail investors' empowerment, and the latest developments around #MiCA and crypto assets. ⭐ As the first pieces of the #SIU puzzle are put in place, ESMA is helping to build an environment where investors can access efficient services and benefit from new opportunities. By reducing regulatory barriers and promoting a unified supervisory approach, we aim to foster market trust and support innovation and growth. ⬇️ Read our contributions in the Eurofi magazine → https://lnkd.in/e2MdX9Mp 🎯 ESMA’s position on building more effective and attractive capital markets in the EU → https://lnkd.in/eh73Hes7