Cybersecurity firm Cleafy just issued a report warning against a rising malware called Klopatra, which infects personal devices by posing as a free VPN app called Mobdro Pro IP + VPN. This is the latest corroboration of a series of warnings…
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Major banks explore issuing stablecoin pegged to G7 currencies – Reuters
- Major banks explore issuing stablecoin pegged to G7 currencies Reuters
- Goldman Sachs, Citi, Bank Of America To Walk Through The Door Opened By Trump-Backed GENIUS Act Yahoo Finance
- Goldman, Santander Among Banks Exploring Blockchain-Based Money Bloomberg.com
- 10 Banks Partner to Explore Issuing Digital Money PYMNTS.com
- Group of leading international banks explores issuance of a 1:1 reserve-backed form of digital money group.bnpparibas
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GPs Split on PSA Testing as Clearer Guidance Urged – Medscape
- GPs Split on PSA Testing as Clearer Guidance Urged Medscape
- What’s wrong with ‘over-testing’ for prostate cancer? The Spectator
- Study Finds PSA Testing in England Often Misaligned with Patient Risk Levels geneonline.com
- Suffering stars add…
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European Commission says existing rules address stablecoin risks
Oct 10 (Reuters) – Europe’s crypto rules do enough to address the risks around stablecoins, the European Commission said on Friday, signalling it does not see the need for major change after the European Central Bank called for more safeguards.
Stablecoins – cryptocurrencies pegged to real-world currencies – are among the fastest-growing parts of the digital assets industry, with the U.S. this year passing legislation to promote their usage.Sign up here.
Europe has launched a landmark set of crypto-specific rules, but lawmakers in Brussels are facing pressure from the ECB to block the so-called “multi-issuance” stablecoin model.
ECB CALLS FOR SAFEGUARDS
At the heart of the dispute is the question of whether a multinational stablecoin company can treat the tokens it issues within the EU as interchangeable with those held outside the EU.
In a letter sent to European Commissioner Maria Luis Albuquerque on Tuesday, six crypto industry associations, whose members include major stablecoin issuer Circle (CRCL.N), called on the EU to publish guidance “confirming multi-issuance in principle” and clarify how it works under the EU’s crypto rules, called MiCA.“We believe MiCA provides a robust and proportionate framework for addressing risks stemming from stablecoins,” a Commission spokesperson told Reuters in emailed comments, acknowledging receipt of the letter.
“The Commission is working towards providing such clarification as soon as possible.”
The European Systemic Risk Board, headed by ECB President Christine Lagarde, has said that the multi-issuance structure would bring built-in risks for financial stability and called for urgent safeguards.The ECB is concerned that people holding tokens created by a stablecoin’s non-EU entity could choose to redeem it with the EU entity, potentially creating a run on reserves held within the EU.But stablecoin issuers say that they can make sure they always have enough reserves to meet redemption requests, wherever they take place.
JP Morgan analysts said this week that 99% of stablecoin supply is pegged to the dollar, and that the sector’s growth would boost demand for the greenback.
Reporting by Elizabeth Howcroft. Editing by Tommy Reggiori Wilkes and Mark Potter
Our Standards: The Thomson Reuters Trust Principles.
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Victoria Beckham gets vulnerable on eating disorder amid public scrutiny
Victoria Beckham gets vulnerable on eating disorder amid public scrutiny originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Victoria Beckham is a mainstay in the fashion world, music industry,…
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As the Saudi Government Sponsors Comedy, Let’s Speak Up for Saudi Writers at Risk
The Riyadh Comedy Festival draws to a close this week, with some of the biggest names in American comedy having taken part. Their participation has sparked controversy and debates about what it means for artists to participate in a Festival that…
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Initial State Control Generates Robust Entangled Steady States In Open Quantum Systems Via Dissipation
Entanglement, a cornerstone of quantum technologies, typically suffers from environmental noise, yet recent research demonstrates that carefully controlled dissipation can surprisingly create stable, entangled states. Diego Fallas Padilla,…
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Chloé’s Latest Show Took Over UNESCO—and Ended With the Most Elegant Dinner in Paris
“The decision to present the collection within one of UNESCO’s conference rooms was both deliberate and deeply symbolic,” Kamali explained. “The postmodern setting was conceived in the same era as Chloé’s earliest footsteps and echoes…
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Moss and Freud review – Kate meets Lucian and they get on brilliantly with absolutely no funny business at all | Film
When Lucian Freud met Kate Moss turns out to be the encounter of a sweet, cuddly old gentleman and a guardedly opaque hedonist. Both look defanged.
Freud’s sensational Naked Portrait 2002 is a nude study of the supermodel, to whom he had been…
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What to Expect at Solutions Review’s Spotlight with Qrvey on November 13
Solutions Review’s Solution Spotlight with Qrvey is entitled: How SaaS Companies Win with Self-Service Analytics and AI.
What is a Solutions Spotlight?
Solutions Review‘s Solution Spotlights are exclusive…
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