Dwight Snoot (@dwightsnoot589) 's Twitter Profile
Dwight Snoot

@dwightsnoot589

Blockchain, cryptoassets and DLT International Policies and Standards XRP ty address: rfLFXvz2tMV5CkQoBruSWZEXagzBHsa7pZ

ID: 1242200843404836865

calendar_today23-03-2020 21:25:48

9,9K Tweet

5,5K Followers

142 Following

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The creation of CBDC's are focused on interoperability, require intermediation & an extensive framework of policies alongside this Stable-coins; once they are classed as regulated payment products, would easily fit into our financial credit & lending systems of today

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cointelegraph.com/news/the-decou… 📌Stable-coins 🔸As stated many times over, stable-coins will lead the way with adoption 🔸Security, scalability and decentralization 🔸Its resemblance to basic payment methods in terms of use case, allows for easy adoption & growth to take place

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Uphold CBDC's take years to implement due to the regulations needed around them (ID's/KYC, Illicit finance etc.) Stable-coins are being adopted first as they are essentially just a means of payment

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𝓨𝓸𝓾𝓻 𝓯𝓻𝓲𝓮𝓷𝓭, 𝓑𝓵𝓸𝓷𝓭𝓲𝓮 Stable-coin adoption will allow banks to sell & custody crypto That in itself will bring in mass institutional investment I am still set on waiting until 2024 for the regulatory space to be more fleshed out Less pressure on hoping it all happens this year Lucky us ahaa 🤣

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Dante Disparte Josh Lipsky Would you ever be interested in a discussion with David 'JoelKatz' Schwartz or Brad Garlinghouse about the irrelevance of CBDC’s in a world where stable-coins exist and are properly regulated? I think it would be highly beneficial to the crypto sphere and everyone would appreciate it very much

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4b. Transition State 3; introduction of the new RTGS core ledger & settlement engine, will take place in June 2024 Dec 2024; CHAPS rules will require Purpose Codes & LEIs to be included in domestic CHAPS payments between institutions; pacs.009 CORE & certain pacs.008 messages

4b.

Transition State 3; introduction of the new RTGS core ledger & settlement engine, will take place in June 2024
 
Dec 2024; CHAPS rules will require Purpose Codes & LEIs to be included in domestic CHAPS payments between institutions; pacs.009 CORE & certain pacs.008 messages
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🇪🇺 EU Stablecoin obligations Considering the recent push to dismiss any Tether criticism as FUD, it seems appropriate to briefly go through EU requirements on stablecoins/electronic money tokens (EMTs) as well as some background into Tether's regulatory dead end, world over.

🇪🇺 EU Stablecoin obligations

Considering the recent push to dismiss any Tether criticism as FUD, it seems appropriate to briefly go through EU requirements on stablecoins/electronic money tokens (EMTs) as well as some background into Tether's regulatory dead end, world over.