Fiat Freeway: Digital Asset Firms React to Authorities Recent Actions by Filing for Banking Licenses

Last week, ‘Fiat Freeway’ laid out the recent backlash that the digital assets and financial services industries are facing from Capitol Hill.

We’ve also previously covered China’s Digital Currency Electronic Payment (DC/EP) progress in the second half of 2020, the ECB’s ‘digital euro’ initiative, the Fed’s classification of CBDC literature, Norges Bank’s study on CBDC ‘Safe Asset’ Funding, an ECB Board Member’s stablecoin speech in Frankfurt, Circle’s blog post on using stablecoins for US foreign policy in Venezuela, and a BIS paper on “rigid stablecoins” from the late Bank of Amsterdam.