UK Finance, a trade association representing over 300 financial services firms in the United Kingdom, has launched a joint pilot project for tokenized sterling deposits (GBTD). The trade group began the pilot phase for the tokenized deposits project, which aims to provide a digital representation of traditional British pound commercial bank money, it announced on…
Decentralized finance (DeFi) protocols will survive government and corporate efforts to impose traditional financial regulations designed to create a walled garden of permissioned digital systems, according to Will Reeves, CEO and co-founder of Bitcoin (BTC) rewards company Fold. Reeves told Cointelegraph that regulatory proposals requiring DeFi protocols to embed biometric identity checks within smart contracts,…
Despite this week’s market downturn, some analysts predict that the inclusion of digital assets in US 401(k) retirement plans may unlock billions of dollars in new inflows by the fall, potentially driving Bitcoin to record highs. This “bullish” development may push Bitcoin (BTC) above $200,000 before the end of the year, signaling another $122 billion…
The US Department of the Treasury is seeking public feedback on how digital identity tools and other emerging technologies could be used to fight illicit finance in crypto markets, with one option being embedding identity checks into decentralized finance (DeFi) smart contracts. The consultation, published this week, stems from the newly enacted Guiding and Establishing…
Italy’s minister of economy and finance warned that US stablecoin policies are more concerning than President Donald Trump’s tariffs, citing the potential for these crypto assets to undermine the euro’s dominance in cross-border payments. Speaking at an event in Milan, Giancarlo Giorgetti said that while trade tariffs dominate headlines, new US policies on dollar-backed stablecoins…
Shibtoshi, the founder of the SilentSwap privacy-preserving trading platform, outlined several concerns that make institutions hesitant to adopt decentralized finance (DeFi) solutions, including privacy, a lack of standardized compliance regulations, and legal accountability. The DeFi founder told Cointelegraph that the high transparency of onchain transactions presents a problem for companies that must conceal sensitive information,…