Blog | NZ Consultants

03OctOctober 3, 2021

CBDC: Digital Euro to change our relationship with money!

The demand side of economic policy is monetary policy that states a nation’s central banks actions that is taken to regulate the money supply and achieve macroeconomic goals that promote sustainable economic growth. The government can only regulate the currency that is widely accepted and used by people as an example central bank right now in UK is giving money to the government to help the economy like increase benefits, give loans to companies and for the furlough scheme but if the...

By Mohammad HaqueBlogBlockchain, Centralbank, Digital Euro0 Comments

UK cryptoasset registration

Cryptoassets are described by HMRC as cryptographically secured digital representations of value or contractual rights that use some type of distributed ledger technology (DLT) and can be electronically transferred, stored and traded. The distributed ledger technology (DLT) like blockchain, are not issued or backed by a central bank or other authority. Hence, the HMRC does not consider cryptoassets to be currency or money. Moreover, cryptoassets are considered very high risk, speculative investments. Cryptoassets are called by several names like exchange tokens, cryptocurrencies, cryptocoins, or payment tokens as; they intend to use it as a method of...

By Mohammad HaqueBlogbitcoin, cryptoasset, FCA, HMRC, UK0 Comments

REP018 Operational and Security risk

The New Operational and Security Risk Assessments Guidelines by FCA: What Does It Mean To Payment and E-Money Services? In June 2018, FCA published its proposal Approach on how payment service providers (PSPs) should provide operational and security risk assessment to FCA annually under SUP 16.13.15. The FCA published this policy after EBA had already prepared its final guidelines December 12th last year. Since then the FCA has had the opportunity to publish the final guidelines, but they finally did it...

By Mohammad HaqueInterdum vitae,dapibus acAPI, E-money, Payment Services, PSD2, REP018, SPI0 Comments