Regulation — DCI News — MIT Digital Currency Initiative

MIT DCI research scientist Daniel Aronoff discusses fintech innovation at MIT Research and Development Conference

In November, MIT Digital Currency Initiative research scientist Daniel Aronoff participated in a panel discussion along with Ed Golding, Executive Director of the MIT Golub Center for Finance, on fintech and the digitization of finance at the MIT Research and Development Conference. The lively conversation touched on many topics relevant to DCI’s work, including safeguarding privacy in central bank digital currencies, decentralizing repo markets through smart contracts, and the future of cash.

MIT DCI presents research on treasury repo markets

MIT DCI research scientist Daniel Aronoff shared his work on US Treasury repo markets on two occasions this fall. He spoke on the “Repo on chain and collateral mobilization” panel at the 2023 Rates & Repo North America, and participated in the NBER Market Design Working Group Meeting. You can find information about his ongoing research on this topic here, and watch a video of the panel below.

Featured, VideosGuest UserFebruary 23, 2024smart contracts, Regulation, decentralized web

Engaging with regulators, insights from near and afar: an interview with Chris Calabia in The Axial Studio

DCI senior advisor Chris Calabia was interviewed on his experience as a regulator, his advice for innovation, and more. Chris worked for over twenty years at the Federal Reserve Bank of New York. Through that role and others, including as a Senior Advisor on regulatory policy at the Bill & Melinda Gates Foundation, Chris has worked closely with regulators from all of the world, providing him a unique perspective not only into the mindset of US regulators, but regulators in many different socioeconomic contexts.

Featured, ArticlesGuest UserMay 9, 2023chris calabia, cbdc, Regulation

Another perspective on cryptocurrency regulation

This week our colleague Gary Gensler was profiled in The New York Times talking about how Ethereum and Ripple should be classified as securities. DCI director Neha Narula continues the conversation about how cryptocurrencies and tokens should be regulated.

Articles, FeaturedGuest UserMay 1, 2018Regulation, Policy Comment

A Former Top Wall Street Regulator Turns to the Blockchain

From the New York Times, Nathaniel Popper profiles DCI Senior Advisor Gary Gensler, former chairman of the Commodities Futures Trading Commission ahead of his statements on the regulation of cryptocurrencies to be made at the Business of Blockchain Conference.

Articles, FeaturedGuest UserApril 24, 2018Regulation, IC, Initial Coin Offerings, Gary Gensler

The problem with ICOs is that they’re called ICOs

The MIT Technology review interviews Robleh Ali, former manager of digital currency for the Bank of England, now research scientist at the MIT Digital Currency Initiative, on why initial coin offerings are dangerous and how to make them more useful. From the piece:

What do you think are the main misconceptions about ICOs?

The problem with ICOs is they want to ride two horses. The use of the word “coin” implies that the tokens being sold are money. The phrase “initial coin offering” is deliberately evocative of “initial public offering,” which is about a company selling shares to the public. They want to ride the Bitcoin horse by saying, “We’re not a security—it’s just money,” but they also want to ride the “You’re buying into a future enterprise that will be worth a lot of money” concept that’s inherent in the sale of shares. That’s one of the big tensions with ICOs, that lack of clarity, and that’s something that needs to be fixed.

Articles, FeaturedGuest UserApril 24, 2018Initial Coin Offerings, Regulation, Robleh Ali

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