Camomile Shumba

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner. Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.

Recent

BIS Head of Research Hyun Song Shin (BIS)

Policy

Regulations

Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS

“This would be a game-changer in how we think about money and how transactions take place,” said the central bank group’s Head of Research Hyun Song Shin.

By Camomile Shumba

Jun 20, 2023 at 11:00 a.m. UTC

Jun 20, 2023

RegulationsCryptoCBDCTokenizationBIS

UK Parliament Building and Big Ben, London, England (Ugur Akdemir/Unsplash)

Policy

Regulations

UK Crypto, Stablecoin Laws Approved by Parliament's Upper House

The Financial Services and Markets Bill stands to recognize crypto as a regulated activity and stablecoins as a means of payment under existing laws.

By Camomile Shumba

Jun 19, 2023 at 2:39 p.m. UTC

Jun 19, 2023

RegulationsCryptoUKStablecoins

Francesca Hopwood Road, head of the BIS Innovation Hub London Centre / BIS

Policy

Regulations

Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments

An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.

By Camomile Shumba

Jun 16, 2023 at 9:00 a.m. UTC

Jun 16, 2023

RegulationsCryptoBISAPIBank of EnglandCBDC

Policy

Regulations

Bitstamp, Interactive Brokers Join UK Crypto Register as First Additions in 6 Months

Crypto companies wishing to do business in the country must register with the Financial Conduct Authority.

By Camomile Shumba

Jun 13, 2023 at 2:15 p.m. UTC

Jun 13, 2023

RegulationsFCAUK

UK Minister Andrew Griffith (Camomile Shumba/CoinDesk)

Policy

Regulations

UK Has No Plans for 'Crypto Tsar' Proposed by Some Lawmakers, Minister Says

Economic Secretary to the Treasury Andrew Griffith reiterated the government's position that crypto should not be treated like gambling at a Tuesday debate.

By Camomile Shumba

Jun 13, 2023 at 11:41 a.m. UTC

Jun 13, 2023

RegulationsCryptoUK

Policy

Regulations

FCA Right to Propose Stop to Marketing Crypto as ‘Inflation Resistant,’ UK Industry Members Say

A long-running industry narrative is that limited-supply cryptocurrencies like bitcoin can hold their value against inflation – similar to gold or bonds.

By Sandali Handagama Camomile Shumba

Jun 13, 2023 at 7:14 a.m. UTC

Jun 13, 2023

RegulationsUKFCABitcoinRegulation

Hong Kong skyline (Ruslan Bardash/Unsplash)

Policy

Regulations

Hong Kong Lawmaker Invites Coinbase to Apply to Operate in Region Amid U.S. SEC Crackdown

The company is excited to expand globally and wants to build in Abu Dhabi, Canada and Singapore, Coinbase's Vice President of International Policy said.

By Camomile Shumba

Jun 12, 2023 at 5:08 p.m. UTC

Jun 12, 2023

RegulationsCoinbaseCryptoSEC

Matthew Long, director of payments and digital assets at the FCA. (FCA)

Policy

Analysis

Free Promotional NFTs, Crypto Airdrops Would Be Banned Under New UK Rules, Official Says

Crypto airdrops and NFTs themselves will not be banned, but using such incentives alongside promotions that encourage people to invest would be, said FCA's Matthew Long.

By Camomile Shumba

Jun 9, 2023 at 10:49 a.m. UTC

Jun 9, 2023

AnalysisCryptoUKFCA