• Treasury Secretary Steven Mnuchin
    Regulation

    Mnuchin: stricter crypto AML rules coming ‘very quickly’

    At a Senate Finance Committee hearing, the Treasury Secretary said FinCEN was prepping to release ‘significant’ new requirements for virtual currencies

    The U.S. is joining regulators around the globe in moving to enforce tougher cryptocurrency anti-money laundering policies, Treasury Secretary Steven Mnuchin said yesterday. 

  • Brad Garlinghouse Ripple XRP Davos
    Ripple,  XRP

    Garlinghouse hints hard Ripple will go public

    Speaking at the WEF in Davos, Ripple CEO Brad Garlinghouse strongly suggested that the payments and settlement firm will go public with a stock offering this year

    Speaking at the World Economic Forum in Davos, Switzerland, on Friday, Ripple CEO Brad Garlinghouse more or less said outright that Ripple wants to go public with a traditional stock market initial public offering this year.

  • The Bank of England (George Rex via Flickr, CC-BY-SA).
    Politics

    6 central banks team up to explore digital currencies

    England’s apex bank is joining forces with the Bank of Canada, the Bank of Japan, the European Central Bank, and others to study use cases for central bank digital currencies

    The Bank of England’s statement said the group will explore “CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.”

  • Cryptocurrencies,  Technology

    China completes digital yuan design

    The People’s Bank of China says it has completed the ‘top-level design’ and joint testing of its forthcoming central bank digital currency 

    The next steps in the country’s digital currency/electronic payment, or DC/EP, project—which it has been hammering away at for five years—are to “follow the principles of stability, security and control” and to “select pilot verification areas, scenarios and service scopes,” said Mu Changchun, the head of the PBOC’s digital currency research institute.