Reverse distribution mechanism and Stablecoin: Difference between pages

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''Money market funds - regulation''.
''Cryptoassets - volatility.''


(RDM).
A stablecoin is a privately issued cryptoasset that aims to provide price stability by backing the coin with other assets.


RDM is a practice used by stable-priced money market funds to deal with negative yield, where units of shares are cancelled.


:<span style="color:#4B0082">'''''CBDC pilot'''''</span>


The European Commission has sent a letter to ESMA stating that it considers that RDM is not compatible with the MMF Regulation.  
:"Le Banque de France announced on January 19 that a pilot saw 2 million euro worth of simulated shares purchased and sold by investors using a CBDC.
 
:It took place with distributed ledger technology provided by SETL — a UK-based regulated blockchain services provider - which also provided the CBDC stablecoin."
 
 
:''Association of Corporate Treasurers Payments landscape blog, Naresh Aggarwal, Associate Director, Policy & Technical, 20 January 2021''


The Commission is requesting ESMA to develop guidance on the issue in order to ensure supervisory convergence.




== See also ==
== See also ==
* [[ESMA]]
* [[Altcoin]]
* [[European Commission]]
* [[Bitcoin]]
* [[Money market]]
* [[Blockchain]]
* [[Britcoin]]
* [[Central bank digital currency]] (CBDC)
* [[Cryptoassets]]
* [[Cryptocurrency]]
* [[Cryptography]]
* [[Distributed ledger]]
* [[Fiat currency]]
* [[Intangible assets]]
* [[Internal Crypto-Assets Task Force]]
* [[Monetary policy]]
* [[Money]]
* [[Ripple]]
* [[Token]]
* [[Volatility]]
 
 
===External link===
 
[https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op223~3ce14e986c.en.pdf Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures, May 2019, ECB Report]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 21:26, 13 June 2021

Cryptoassets - volatility.

A stablecoin is a privately issued cryptoasset that aims to provide price stability by backing the coin with other assets.


CBDC pilot
"Le Banque de France announced on January 19 that a pilot saw 2 million euro worth of simulated shares purchased and sold by investors using a CBDC.
It took place with distributed ledger technology provided by SETL — a UK-based regulated blockchain services provider - which also provided the CBDC stablecoin."


Association of Corporate Treasurers Payments landscape blog, Naresh Aggarwal, Associate Director, Policy & Technical, 20 January 2021


See also


External link

Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures, May 2019, ECB Report

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