cryptocurrency – Minilateralism by Chris Brummer – a book on finance, trade and monetary diplomacy

Changes quietly made to Libra Whitepaper

Chris Brummer — Tue, 21 Jan 2020 16:43:14 +0000

Changes quietly made to Libra Whitepaper

Image courtesy of Cointelegraph.com

The white paper for Facebook’s proposed Libra currency has been quietly updated, according to a Dec. 10 article written by Georgetown University law professor, Chris Brummer. Aside from expected amendments reflecting the revised Libra Association members, the biggest change is the removal of dividends payable to those early investors. The story can be found here.

Fed Governor Offers thoughts on Stablecoins at European Central Bank

Chris Brummer — Fri, 20 Dec 2019 16:06:34 +0000

Fed Governor Offers thoughts on Stablecoins at European Central Bank

Ms Lael Brainard, Member of the Board of Governors of the Federal Reserve System, offered her thoughts on stable coins on the Monetary Policy, Technology, and Globalisation Panel, at an ECB colloquium on December 18, 2019. Among her observations: “Without requisite safeguards, stablecoin networks at global scale may put consumers at risk.” The full speech can be found here.

Leaders discuss Fintech in Washington, DC

Chris Brummer — Tue, 29 Oct 2019 15:31:12 +0000

Leaders discuss Fintech in Washington, DC

Image courtesy of C-SPAN

The fall brought more than just Mark Zuckerberg’s testimony concerning Facebook’s Libra cryptocurrency to Capitol Hill. At the same time, leaders convened in Washington to discuss fintech and its implications for the global financial system at various conferences from the IIF’s Annual Membership Conference to Washington DC’s fintech week. Overviews of the events can be seen here and here. Mr. Zuckerberg’s testimony is available on C-span.

Cryptoassets: Legal Regulatory and Monetary Perspectives

Chris Brummer — Mon, 23 Sep 2019 16:27:45 +0000

Cryptoassets: Legal Regulatory and Monetary Perspectives

“Cryptoassets” available now on Amazon!

Minilateralism author Professor Chris Brummer has edited a new book with Oxford University Press on the global regulation of cryptoassets. Enjoying contributions from many of the leading technologists and regulatory authorities in the world, Cryptoassets: Legal, Regulatory and Monetary Perspectives provides a cutting-edge account of how the new products are impacting the financial economy.

Hamilton vs. Satoshi

Chris Brummer — Fri, 06 Sep 2019 15:34:28 +0000

Hamilton vs. Satoshi

Image provided by Youtube Account Rhyme Combinator

Want to learn about the global financial system—and the debate about cryptocurrencies? One group has condensed the issue to a (rap!) song: Hamilton vs. Satoshi. Fans of either, can listen here.

Minilateralism’s Author Discusses Libra, Facebook’s Proposed Global Cryptocurrency

Chris Brummer — Mon, 22 Jul 2019 15:27:40 +0000

Minilateralism's Author Discusses Libra, Facebook's Proposed Global Cryptocurrency

From Georgetown Law: Professor Chris Brummer, the faculty director of Georgetown Law’s Institute of International Economic Law, testified on the Hill on July 17, raising concerns about a white paper describing Facebook’s cryptocurrency Libra.

On July 17, 2019, Georgetown Law Professor Chris Brummer — the faculty director of the Institute of International Economic Law (IIEL) and author of Minilateralism — testified before the House Financial Services Committee with respect to Libra, Facebook’s proposed cryptocurrency. The hearing was chaired by Rep. Maxine Waters (D-CA) and Ranking Member Patrick McHenry (R-NC).

The hearing can be found here. The written testimony can be found here. Georgetown’s coverage is here.

Steven Maijoor, Chair of the European Securities and Markets Authority, to Talk Fintech, Cryptocurrencies and Clearinghouses

Chris Brummer — Wed, 12 Jun 2019 18:49:48 +0000

Steven Maijoor, Chair of the European Securities and Markets Authority, to Talk Fintech, Cryptocurrencies and Clearinghouses

Steven Maijoor, the Chair of the European Securities and Markets Authority, will be sitting for a rare one on one interview, with Professor Chris Brummer, at Georgetown Law on June 12, 2019. During the interview, Mr. Maijoor will discuss recent and upcoming developments relating to cryptocurrency regulation, blockchain technologies, and cross-border equivalence for derivatives infrastructures. Reservations can be made here.

Basel Committee Issues New Crypto Asset Warnings

Chris Brummer — Tue, 19 Mar 2019 15:21:36 +0000

Basel Committee Issues New Crypto Asset Warnings

Image courtesy of CrowdFundInsider.com

The Basel Committee on Banking Supervision (BCBS) issued a statement on “crypto-assets,” highlighting that new financial products related to crypto have the potential to increase the risks to banks who engage in digital or crypto assets. The BCBS, an informal standard setting body, was established by central bank governors to cooperate on regulatory and supervisory matters. The story is here.

EU Moves Closer to Harmonized Regulation of Cryptoassets

Chris Brummer — Thu, 10 Jan 2019 16:13:29 +0000

EU Moves Closer to Harmonized Regulation of Cryptoassets

A sign in a Berlin pub signals the owner’s acceptance of bitcoin. Reports on cryptoasset regulation in the European Union could have global reverberations. (Sean Gallup/Getty Images file photo)

Two pivotal reports on European cryptoasset regulation were released today by the European Securities Markets Authority (ESMA) and the European Banking Authority (EBA), setting the stage for a process that could result in a “bespoke” regime for cryptoassets. The full story is here.

French Regulators to Release CryptoCurrency Rules

Chris Brummer — Wed, 28 Mar 2018 21:04:35 +0000

French Regulators to Release CryptoCurrency Rules

Photo courtesy of: www.ccn.com

French regulators are reportedly planning to introduce new rules for ICO’s designed to attract more crypto-transactions to the country, a move possible in the absence of EU legislation.

cryptocurrency – Minilateralism by Chris Brummer – a book on finance, trade and monetary diplomacy

Changes quietly made to Libra Whitepaper

Changes quietly made to Libra Whitepaper

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Fed Governor Offers thoughts on Stablecoins at European Central Bank

Fed Governor Offers thoughts on Stablecoins at European Central Bank

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Leaders discuss Fintech in Washington, DC

Leaders discuss Fintech in Washington, DC

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Cryptoassets: Legal Regulatory and Monetary Perspectives

Cryptoassets: Legal Regulatory and Monetary Perspectives

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Hamilton vs. Satoshi

Hamilton vs. Satoshi

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Minilateralism’s Author Discusses Libra, Facebook’s Proposed Global Cryptocurrency

Minilateralism's Author Discusses Libra, Facebook's Proposed Global Cryptocurrency

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Steven Maijoor, Chair of the European Securities and Markets Authority, to Talk Fintech, Cryptocurrencies and Clearinghouses

Steven Maijoor, Chair of the European Securities and Markets Authority, to Talk Fintech, Cryptocurrencies and Clearinghouses

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Basel Committee Issues New Crypto Asset Warnings

Basel Committee Issues New Crypto Asset Warnings

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EU Moves Closer to Harmonized Regulation of Cryptoassets

EU Moves Closer to Harmonized Regulation of Cryptoassets

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French Regulators to Release CryptoCurrency Rules

French Regulators to Release CryptoCurrency Rules

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