The NFT bubble appeared to have well and truly burst by late 2023. Trading volumes were down by over 50% from the previous year with various news outlets reporting that up to 95% of NFTs were, in fact, worthless. Within this context, it seems an odd time to begin looking into detail into the value […]
by Jörn Jakob Röber, Head of EU Policy at the Digital Currencies Governance Group (DCGG) As cryptocurrencies and stablecoins have become more popular, the world’s central banks have realized that they may need to provide an alternative. Currently, about 130 countries, representing 98 percent of global GDP, are exploring a Central Bank Digital Currency […]
The Digital Currencies Governance Group (DCGG) is proud to announce that Jörn Jakob Röber, Head of EU Policy at DCGG, will be one of the speakers at the upcoming European Blockchain Convention 9. This prestigious event is scheduled to take place in Barcelona on the 25th and 26th of October 2023. The European Blockchain Convention 9 […]
On July 31, the International Organistation of Securities Commissions (IOSCO) officially closed its call for public comment on its Policy Recommendations for Crypto and Digital Asset Markets. Industry participants were invited to provide input across the areas of conflicts of interest, market manipulation, cross-border regulatory cooperation, custody, operational risks and treatment of retail customers, as […]
This week, the Financial Stability Board (FSB) published its reports on High-level Recommendations for the Regulation, Supervision and Oversight of Global Stablecoin Arrangements, and for the Regulation, Supervision and Oversight of Crypto-asset Activities and Markets. The initial consultation was conducted under the mandate of the G20. The FSB is an international standard-setting body and the […]
Today, the joint consultation by the Bank of England and HM Treasury on a retail central bank digital currency – the so-called ‘digital pound’ – is officially closing. DCGG strongly supports the initiative to consult with private sector representatives and industry experts on the potential design of the digital pound – a crucial step in […]
Today, June 29th, the European Banking Authority officially closed their consultation on their draft amending risk-based supervision guidelines in relation to AML/CFT supervisors of CASPs under the AML Directive. The Digital Currencies Governance Group welcomes the EBA’s proposals to include CASPs in the supervision guidelines under the AMLD in order to adequately reflect the realities […]
EU Parliament and Council reached on 27 June a trilogue agreement on the Data Act. The web3, blockchain and crypto industry and associations, including DCGG, have raised concerns on the potential unintended negative consequences for the developments of smart contracts. (see open letter). DCGG stands ready to support the technical work going forward to […]
As the EU Data Act negotiations near conclusion, the blockchain industry unites, urging regulators to address the concerns of the industry as the current wording poses real risks. There’s still time for change. We’re hopeful for a favorable outcome. Join us here: https://data-act.info
Last week’s adoption of the three EU proposals on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) – the AML Regulation, the sixth AML Directive (AMLD) and the regulation establishing an EU-wide AML Authority (AMLA) – by the Economic and Monetary Affairs Committee of the EU Parliament are a step closer towards achieving a […]