MoneyScience - News and Networking for Quants

December 2019

Kiffmeister's Fintech Daily Digest 12/30/2019

Comment0 Dec 31 2019 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

South Korea Confirms No Income Tax on Crypto Profits South Korea's Ministry of Finance and Strategy confirmed that the current tax laws do not support the taxation of profits earned from cryptocurrencies. tags: Fintech CryptoAssets Taxation RegulationPosted from Diigo. The rest of my favorite links are here.

Kiffmeister's Fintech Daily Digest 12/29/2019

Comment0 Dec 30 2019 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Bitcoin’s Purported Creator Says Fortune May Remain Locked Craig Wright, who was ordered by a judge to surrender about $3 billion of his Bitcoin holdings, may not be able to do so anytime soon. He said that he “cannot be certain that information will in fact arrive” to help identify the coins he has to split in a legal dispute.tags: Fintech CryptoAssets Bitcoin Coinbase Is Working On Some Exciting New Bitcoin Tech Coinbase has...

Kiffmeister's Financial Plumbing Weekly Digest

Comment0 Dec 30 2019 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Simulating liquidity stress in the derivatives market Using trade repository data on derivative portfolios, we simulate variation margin calls in a stress scenario and compare these with the liquid‑asset buffers of the institutions facing the calls. Where buffers are insufficient we assume institutions borrow additional liquidity to cover the shortfalls, but only at the last moment when payment is due. Such delays can force recipients to borrow more than otherwise, and so...

Kiffmeister's Alternative Risk Transfer Weekly Digest

Comment0 Dec 30 2019 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Longevity swap market records could be broken in 2020: WTWWillis Towers Watson says that the longevity swap market could see a record volume of transactions in 2020 as market conditions look set to make hedging longevity risk particularly conducive, while insurance and reinsurance capital abundant and appetite for large longevity risk transfer deals high.tags: ART Longevity Pensions UK corporate pension transfer market set for record year"The pension transfer market is on...

Kiffmeister's Fintech Daily Digest 12/28/2019

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Money Creation in Fiat and Digital Currency Systems This IMF paper concludes that the mere disappearance of physical cash would not imply that monetary policy’s bearing on economic dynamics be in any way reduced. Hence, the disappearance of cash cannot be the argument for calling for CBDCs from that perspective. More relevant arguments for digital instead of physical cash include instead the objective to be better able to counteract money laundering and combat the financing of...

Kiffmeister's Fintech Daily Digest 12/27/2019

Comment0 Dec 30 2019 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

South Korea Forms Task Force for Central Bank Digital Currency ResearchIn its “Monetary Policy for 2020” brief the Bank of Korea said it will continue to build on its research into distributed ledger technology, crypto-assets, and central bank digital currency. The Bank will organize a CBDC-dedicated task force and recruit additional experts.tags: Fintech CryptoAssets CBDCNZIA – Enabling transactions for everyone, anywhere, anytime.The first of its kind, NZIA’s decentralized...

Kiffmeister's Fintech Daily Digest 12/26/2019

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Bahamas Central Bank Will Pilot Digital Currency Starting December 27 The Central Bank of the Bahamas will introduce a digital version of the Bahamian dollar, starting with a pilot phase in Exuma in December 2019, and extending in the first half of 2020 to Abaco. This initiative has acquired the name Project Sand Dollar, with the sand dollar also being the name assigned to the proposed central bank digital currency (CBDC). This is a continuation of the Bahamian Payments System...

Kiffmeister's Fintech Daily Digest 12/25/2019

Comment0 Dec 26 2019 12:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

SEC Postpones Decision on Wilshire Phoenix's Bitcoin ETF ProposalThe SEC will keep assessing the Wiltshire Phoenix ETF proposal, which was initially filed earlier this summer, giving February 26, 2020, as its decision date to reject or approve the ETF proposal.tags: CryptoAssets Hashgraph FintechHedera Hashgraph Delays Token Distribution Amid Price PlungeBlockchain company Hedera Hashgraph has urged the investors of its tokens to wait longer for the delivery as the price of...

Kiffmeister's Fintech Daily Digest 12/24/2019

Comment0 Dec 25 2019 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Venmo Glitch Opens Window on War Between Banks, Fintech FirmsMany PNC clients are having trouble connecting their bank accounts to their Venmo apps, cutting off their access to the popular mobile-payment system, owned by PayPal. When they have sought help, they have found the two companies blaming each other for the disruption. PNC suggested in tweets that customers switch to Zelle, a payment app that it and other big banks operate jointly and that competes with...

Kiffmeister's Fintech Daily Digest 12/23/2019

Comment0 Dec 24 2019 00:01 keyboard_arrow_downkeyboard_arrow_up Comment0 language

Mu Changchun: The PBOC's digital yuan is ready for pilot testingAccording to the People’s Bank of China's Mu Changchun, the top-level design, standard formulation, functional research and development, joint debugging and testing has been completed, and its CBDC is ready for pilot testing.tags: Fintech CryptoAssets CBDC Why $1.5 Trillion In $100 Bills Have Disappeared "The world's growing appetite for physical assets such as paper dollars and gold, coupled with the...

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