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Industry Insights

Discover fresh perspectives and ideas from our latest thinking.

Showing 1 to 10 of 50 posts.

OCC Recognizes Decentralised Networks and Stablecoins as Payment Rails

OCC Recognizes Decentralised Networks and Stablecoins as Payment Rails

The Office of the Comptroller of the Currency of the United States has announced that national banks and federal savings associations may participate in independent node verification networks and use stablecoins to perform bank-permissible functions. As a result, Cayman-based banks may be afforded the opportunity to access a new, open, global payment infrastructure system that is active and accessible today.

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European Central Bank - The Future of a Digital Euro
December 17th, 2020

European Central Bank - The Future of a Digital Euro

The European Central Bank has continued to understand the factors that influence the future of money, including the possible introduction of a digital euro. To implement a digital currency, the central bank must ensure that the foundations of money remain intact.  
 
 

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Bitcoin - A Monetary Revolution
December 15th, 2020

Bitcoin - A Monetary Revolution

The COVID-19 pandemic has showcased the success of Bitcoin in the monetary revolution. This virtual currency has been recognized as a place for wealthy individuals and companies to store their wealth because it is both scarce and sovereign.

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Cartan Group Launches 360° Industry Monitor

Cartan Group Launches 360° Industry Monitor

After the successful development of our private funds transparency report, Cartan Group has expanded our data discovery algorithms to other Caribbean financial services industries; in addition to the Cayman Islands, this data includes the British Virgin Islands, Bermuda, and the Bahamas. We have developed a 360° Industry Monitor that is currently surfacing a subset of data being collected.

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OCC to Prohibit Discrimination Against Legal but Disfavoured Industries

OCC to Prohibit Discrimination Against Legal but Disfavoured Industries

In a bid to level the playing field, the OCC has proposed a new rule that will provide fair access to financial services. This new rule would prevent banks from blacklisting legal industries, including oil and gas and cryptocurrency businesses.

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Belarusbank to Offer Cryptocurrency Exchange Service

Belarusbank to Offer Cryptocurrency Exchange Service

The largest financial institution in Belarus, a member country of the FATF-supported Eurasian Group (EAG), is offering citizens of Belarus and Russia to buy, sell and trade Bitcoin at optimal pricing. The bank plans to continue collaboration with Whitebird to expand these crytpocurrency services to additional countries.

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The Foundational Principles and Core Features of Central Bank Digital Currencies

The Foundational Principles and Core Features of Central Bank Digital Currencies

A group of central banks have joined forces with the Bank for International Settlements (BIS) to explore the general use for Central Bank Digital Currencies (CBDC). Most public policy objectives amongst central banks have remained unchanged for the last decade and by engaging in the exploration of CBDCs, these organizations are forced to innovate and evolve.

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First Central Bank Digital Currency Launched in the Bahamas

First Central Bank Digital Currency Launched in the Bahamas

The Central Bank of the Bahamas (CBOB) has launched the world’s first central bank backed digital currency (CBDC).  The “Sand Dollar” was launched on October 20th and will use a network of intermediaries referred to as authorized financial institutions (AFIs) to issue the digital currency to the public.

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PayPal adds Cryptocurrency Service

PayPal adds Cryptocurrency Service

PayPal users will soon be able to buy, hold and sell cryptocurrency directly from their PayPal account. This service will enable cryptocurrency as a funding source at its 26 million merchants. 
 

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European Central Bank - Report on a Digital Euro

European Central Bank - Report on a Digital Euro

The European Central Bank has recently released a report that outlines the practicality benefits of issuing a digital version of the euro. This report also explores the probable risks that this digital euro could present to the current financial system.

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