City of Busan to establish digital assets exchange: Report
The Busan Digital Asset Exchange Establishment Promotion Committee said it plans to create a functional exchange by the end of the year. Go to Source Powered by WPeMatico
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Aussie ‘Big 4’ bank mints stablecoin for carbon trading and remittances
This marks the second “Big 4” bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy. Go to Source Powered by WPeMatico
Bradesco, One of Brazil’s Largest Banks, Launches Tokenized Credit Notes in Blockchain Pilot
Bradesco, one of the largest banks in Brazil and the third biggest in all of Latam, has entered the cryptocurrency world by issuing its first tokenized credit notes. The operation, carried out in partnership with Bolsa OTC, tokenized almost $2 million in bank credit notes, which were also distributed by Bradesco. Bradesco Launches Asset Tokenization … Read more
Gold-Based Digital Assets Issued in Russia
A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that the operation is a first. Russia’s Sber Bank Mints Gold-Backed Coins Sber, Russia’s largest bank, … Read more
4 ‘emerging narratives’ in crypto to watch for: Trading firm
The crypto trading firm sees NFTs becoming more intertwined with brand IP, while Web3 apps with “real world utility” gain traction. Go to Source Powered by WPeMatico
Russia’s Central Bank report examines crypto’s place in the financial system
Russia’s Central Bank has released a report on digital assets which looks at how the technology could be integrated into its traditional financial system. Go to Source Powered by WPeMatico
Santander UK Limits Cryptocurrency Exchange Transactions, Bank Says Investing in Crypto ‘Can Be High Risk’
On Nov. 3, Santander UK, the subsidiary of the Spanish financial giant Banco Santander, S.A., published a notice that says “investing in cryptocurrency assets can be high risk.” Furthermore, the British bank also imposed a limit on cryptocurrency exchanges using the firm’s mobile and online banking services. Santander UK Limits Crypto Exchange Transfers to ‘Protect’ … Read more
Santander Proposes Project to Tokenize and Trade Properties With the Brazilian CBDC
Santander, the Spain-based bank, has presented a project to use tokenization in tandem with the digital real, the proposed Brazilian cryptocurrency, in order to facilitate property transactions. The proposal, part of the LIFT challenge, would be focused on simplifying the sale of real estate properties and cars for the Brazilian population. Santander Proposes Tokenization Platform … Read more
Brazilian Securities and Exchange Commission CVM Defines Rules to Classify Cryptocurrency Assets as Securities
The Brazilian Securities and Exchange Commission (CVM) has clarified the criteria by which different cryptocurrency assets can be considered securities. Through the issuance of a guidance opinion document, the CVM defines different classifications for existing cryptocurrency assets, specifies which can be viewed as securities, and explains how it will intervene in these markets. Brazilian Securities … Read more
SWIFT says it has reached a ‘breakthrough’ in recent CBDC experiments
“For CBDCs, our solution will enable central banks to connect their own networks simply and directly to all the other payments systems in the world through a single gateway,” said chief information officer Tom Zschach. Go to Source Powered by WPeMatico