Interbank market news scan: Europe wants to flex its “digital sovereign” muscle; UN recommendations on illicit cross border finance …

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For deeper research and analysis on the following news links, contact us….

Cross border data flows:

Now is the time for Europe to be digitally sovereign,” German Chancellor Angela Merkel, Danish Prime Minister Mette Frederiksen, Estonian Prime Minister Kaja Kallas, and Finnish Prime Minister Sanna Marin say in a joint letter. “We have to foster the Digital Single Market in all its dimensions where innovation can thrive and data flow freely. https://europeansting.com/2021/03/16/what-is-digital-sovereignty-and-why-is-europe-so-interested-in-it/

United Nations targets corruption and illicit cross-border finance. https://www.jdsupra.com/legalnews/united-nations-targets-corruption-and-6325615/

Stablecoins:

Visa CEO Al Kelly dug into the credit card company’s crypto-focused strategy in a podcast appearance this week. https://www.theblockcrypto.com/linked/98552/visa-ceo-podcast-bitcoin-stablecoins

Dollar stablecoins have become a compelling option for individuals and businesses in markets facing local currency volatility and hyperinflation … https://www.coindesk.com/nigerians-turn-to-stablecoins-for-protection-against-inflation

Decentralized Finance …

Iron Finance is a partially collateralized stablecoin platform based on the Binance Smart Chain (BSC).

It reported that on March 16, two Iron Finance vFarm pools were “subject to an incident”. This ordeal resulted in the loss of user deposits. https://beincrypto.com/iron-finance-defi-exploit-explained-post-mortem/

8:58 am EST, 17 March 2021

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