Here’s a round up of the main headlines today:
Tokenization and digital assets: policy & legal
FDIC Vice Chair acknowledges crypto debanking, outlines policy plan. He’s a candidate to become chair. Ledger Insights coverage.
United States CFPB interpretive rule proposes to include stablecoins, crypto in Electronic Fund Transfer Act (EFTA) as digital payments. This would give consumer protections such as the right to dispute errors or fraudulent transactions. Comments should be submitted by the end of March.
OECD explores impediments to tokenization adoption. Ledger Insights coverage.
New Springer legal book including digital assets (open access digital). Governance and Control of Data and Digital Economy in the European Single Market: Legal Framework for New Digital Assets, Identities and Data Spaces
Indonesian commodities regulator transfers digital asset responsibilities:
the Commodity Futures Trading Supervisory Agency (Bappebti) transferred its digital assets duties including crypto and derivatives to the Financial Services Authority (OJK) and Bank Indonesia (BI). OJK takes on most of the responsibilities with the central bank supervising derivatives where the underlying assets relate to money markets or foreign exchange.
Kenya’s Treasury publishes a draft set of digital asset rules and requests feedback.
German politician Frank Schäffler advocates for supporting cryptocurrency, including Bitcoin in central bank reserves and for Germany to issue sovereign digital bonds.
European Central Bank’s Bindseil and others explore tokenization terminology.
Tokenization & digital assets: projects, partnerships
NUS, Northern Trust and UOB partner to tokenize green bond data. Part of Project Guardian. Ledger Insights coverage.
Ownera, which provides a blockchain interoperability router FinP2P, partners with Layer 1 blockchain Kadena.
Germany’s Bundesbank advertises for (more) DLT technical roles. Good news for wholesale DLT settlement solutions?
Blockchain Security Standards Council issues first two standards. Its members include Anchorage Digital, Coinbase, Fireblocks, OpenZeppelin, Ribbit Capital. One of the standards is on asset integration – such as tokens.
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