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Libra project: Regulators act on global stablecoins
Get PDFGovernments, regulatory authorities and standard-setting bodies started acting on global
stablecoins triggered by the Libra announcement. Among the concerns expressed by the
G7 and the G20 are risks to the stability of the fi nancial system. The Financial Stability
Board and the Financial Action Task Force have worked on regulatory issues and antimoney
laundering ahead of the G20 summit in November 2020. Overall the Libra project has
raised many questions on the regulatory front. Facebook had to revise the concept as Libra
2.0 and resubmit it for approval in April 2020. The European Commission announced a new
regulation on Markets in Crypto-assets (MiCA) including stablecoins in September 2020 as
part of a new Digital Finance Package. This opens the next chapter in a regulatory cat and
mouse game.Published Versio
Financial and Monetary Stability Aspects of Global Stablecoins
Get PDFGlobal stablecoins (GSCs) like Facebook’s Libra could prove much more instable than
they might appear at first sight. Not only can their exchange rates against individual fiat
currencies fluctuate substantially; theoretically, they also have the potential to replace national
currencies, constitute “digital currency areas” and become the basis of a two-tier
banking system with one and more GSC issuers, on the one hand, and, on the other
hand, commercial banks that can create GSC deposit money. Against that background,
all steps taken so far by supervisors and central banks can only be the starting point of
what is necessary to effectively regulate the new normal of the world of money that is
emerging.Published Versio
Die Energieeinsparung durch thermische Speicher in Wärmepumpen von Bussen im realen Einsatz
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Entfernung von Mikroplastik durch nachgeschaltete Sandfilter in der Abwasserbehandlung
No full textThe elimination of microplastic particles (MPP) and microplastic fibers (MPF) was investigated in the final treatment stage (sand filtration) in two municipal wastewater treatment plants (WWTP) and the final treatment stage (sand filtration) at a process WWTP of a manufacturer of polyvinyl chloride (PVC). At each sampling site, three samples on three different days were taken (before/after sand filtration). The samples were filtered through a 10 μm stainless steel cartridge filter utilizing a stainless steel centrifugal pump. Microplastics (MP) were separated from the wastewater matrix by oxidative treatment and density separation and analyzed by Raman microspectroscopy. Due to precautionary measures, procedural blanks were very low with a mean number of 4.3 ± 2.7 MPP and 0.88 ± 0.56 MPF within eight blank samples. The municipal WWTPs were able to eliminate 99.2% ± 0.29% and 99.4% ± 0.15% of MP in the sand filtration stage. The sand filtration of a PVC manufacturer eliminated 99.2%–99.9%Published Versio
A Sustainable Pathway to Consumer Wellbeing. The Role of Anticonsumption and Consumer Empowerment
No full textPublished Versio
Klimawandel: noch vermeiden oder schon anpassen? Sanierung im Spannungsfeld von Energieeffizienz und Gebäudeschutz
No full textPublished Versio
