'There is little appetite to adopt the current round of ICOs given their lack of regulation,' the payments system document states. stablecoin regulation
According to a recently unveiled document, the Nigerian central bank will in the future be open to developing a regulatory framework for potential implementations of stablecoins. The document also discusses the regulation of initial coin offerings and how these can become “a new way to attract foreign direct investment and raise capital.
“There is little appetite to adopt the current round of ICOs given their lack of regulation. However, given the role of ICOs as an asset class, there is potential for adopting the technology of ICOs as a new approach to fundraising for capital projects or peer-to-peer lending or crowdfunding ,” reads the document.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India's Paytm bank gets central bank nod to name new CEOPaytm Payments Bank, majority owned by billionaire Vijay Shekhar Sharma, has received India's central bank's approval to name Surinder Chawla as its new chief executive, a statement said.
Read more »
Japan PM Kishida vows to debate government BOJ roles with new central bank headJapanese Prime Minister Fumio Kishida said on Sunday his government and the central bank must discuss their relationship in guiding economic policy af
Read more »
Swiss central bank posts biggest loss in its 116-year historyThe central bank took a massive hit on its large pile of foreign currency holdings as the Swiss franc strengthened.
Read more »
Santander Bank to close 4 branches in central Pa.The branches are expected to close in March.
Read more »
Forex Today: US Dollar consolidates losses, eyes on central bank speakersForex Today: US Dollar consolidates losses, eyes on central bank speakers – by eren_fxstreet Currencies Majors Macroeconomics Commodities CryptoCurrencies
Read more »
Mexico's digital peso delayed, unclear launch dateMexico's central bank digital currency is still under development and unlikely to launch by 2024.
Read more »