{"id":19718,"date":"2022-03-01T22:15:56","date_gmt":"2022-03-01T21:15:56","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=19718"},"modified":"2022-03-01T22:16:04","modified_gmt":"2022-03-01T21:16:04","slug":"cambridge-university-collaborates-with-the-imf-and-bis-to-launch-a-crypto-research-project","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cambridge-university-collaborates-with-the-imf-and-bis-to-launch-a-crypto-research-project\/","title":{"rendered":"Cambridge University collaborates with the IMF and BIS to launch a Crypto Research Project"},"content":{"rendered":"\n
The Centre for Alternative Finance (CCAF) at Cambridge University<\/a> in collaboration with some key financial institutions has launched a crypto research project which is aimed at providing further insight into the rapidly increasing digital asset business.<\/h5>\n\n\n\n
\"Cambridge<\/figure>\n\n\n\n

In a prepared statement, CCAF executive director Bryan Zhang said, “The Cambridge Digital Assets Programme that we are launching today aims to meet the resulting need for greater clarity by providing data-driven<\/a> insights through collaborative research involving public and private sector stakeholders.”<\/mark>\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>\n\n\n\n

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New public-private digital assets research collaboration launches

Cambridge Digital Assets Programme #CDAP<\/use><\/svg><\/span><\/a> to create open-access data, tools & insights to facilitate balanced dialogue around digital asset activities.

Read more https:\/\/t.co\/2Gmn0Gj72D<\/use><\/svg><\/span><\/a><\/p>— Cambridge Centre for Alternative Finance CJBS (@CambridgeAltFin) March 1, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

British International Investment, Ernst & Young, Fidelity, and the World Bank<\/a> are among the collaboration's other participants. Goldman Sachs and payment giants Mastercard and Visa are among the banks involved in the agreement. There are a total of 16 companies involved.<\/p>\n\n\n\n

“In order to bring the benefits of digital currencies to life in a sustainable, inclusive, and safe fashion, industry collaboration and public-private partnerships will be critical,” said Terry Angelos, SVP and Global Head of Fintech at Visa. <\/p>\n\n\n\n

Cambridge and blockchain technology<\/h2>\n\n\n\n

The Cambridge Digital Assets Programme builds on prior Cambridge University blockchain and cryptocurrency research.<\/a><\/p>\n\n\n\n

The Cambridge Bitcoin Electricity Consumption Index, published by the CCAF, is a frequently cited source for Bitcoin's yearly electricity consumption, which, according to current data, is around 130 terawatt-hours per year.<\/p>\n\n\n\n

Following a big flight of miners from China<\/a> following the Chinese government's ban on crypto mining in 2021, the same department revealed data showing that the United States had become the world's largest market for Bitcoin mining.<\/p>\n\n\n\n

Other members of the Cambridge-led partnership have previously worked in the cryptocurrency industry.<\/p>\n\n\n\n

The Bank of International Settlements has already expressed concerns about bitcoin, stating in December of last year that the crypto business, specifically decentralized finance (DeFi<\/a>), could jeopardize global financial stability.<\/p>\n\n\n\n

In a paper that highlighted the flagship cryptocurrency's energy use and role in money laundering, the bank earlier stated that Bitcoin has “few redeeming public interest features.”<\/p>\n","protected":false},"excerpt":{"rendered":"

The Centre for Alternative Finance (CCAF) at Cambridge University in collaboration with some key financial institutions has launched a crypto research project which is aimed at providing further insight into the rapidly increasing digital asset business. In a prepared statement, CCAF executive director Bryan Zhang said, “The Cambridge Digital Assets Programme that we are launching […]<\/p>\n","protected":false},"author":12,"featured_media":19722,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[7775,7774,7776,6829],"class_list":["post-19718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-bis-2","tag-cambridge-university","tag-crypto-research","tag-imf-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/image-9.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=19718"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/19722"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=19718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=19718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=19718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}