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First Mover Americas: Deutsche Bank Trials a SWIFT Alternative for Stablecoins
26.10.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 25, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Mexican Senator Kempis Faces Opposition Over Bitcoin Bill
26.10.2023
Long-time tech and blockchain advocate Mexican Senator Indira Kempis said that her Bitcoin (BTC) bill is seeing more positive attention but is also facing increasing opposition. Kempis proposed a central bank digital currency (CBDC) last year, which now also includes accepting bitcoin as legal...
Deutsche Bank and Standard Chartered Ventures Test SWIFT Killer for Stablecoins and CBDCs
26.10.2023
The UDPN currently comprises about 25 organizations, including banks from the U.S, Australia, Latin America and Europe, running around ten proof-of-concept tests in parallel
JPMorgan’s JPM Coin Facilitates $1 Billion in Daily Transactions as Banking Giant Targets Cross-Border Settlements
26.10.2023
JPMorgan Chase & Co.’s digital token, JPM Coin, currently handles $1 billion worth of daily transactions, Global Head of Payments, Takis Georgakopoulos revealed. Georgakopoulos revealed in an interview on Bloomberg Television that JPM Coin is currently transacted daily, primarily in...
12th Africa Bank 4.0 Summit – SADC Region: Upscaling digital financial services and payments
26.10.2023
12th Africa Bank 4.0 Summit – SADC Region is all set to be hosted on November 15 & 16, 2023, at The Maslow Hotel, Sandton – Johannesburg, with the conference theme focused on “Upscaling Digital Financial Services and Payments: Innovative, Agile, Accessible, Affordable”....
World Bank, Euroclear Join Forces to Unveil Digital Native Security Issuance on Blockchain
26.10.2023
Belgium-based bank Euroclear has launched the first digital native security on the Luxembourg Stock Exchange together with the World Bank. The €100 million digital bond – Digitally Native Notes (DNN) – issuance by the World Bank involves the distribution and settlement of fully...
Central Bank of Spain Embraces Digital Euro, Highlights Benefits for Customers
25.10.2023
Banco de España, Spain’s central bank, is aligning with its European counterparts to introduce their customers to the possibilities of the digital euro, a central bank digital currency (CBDC).In a move that signals the central bank’s proactive stance, a brief document was released...
Bank of Spain embraces 'digital euro,' explains its benefits
25.10.2023
The digital euro will make electronic payments a vital piece of the financial system, the statement claims
Nigerian Bank Reportedly Freezes Accounts Belonging to 500 USDT Traders
24.10.2023
A Nigerian bank has reportedly blocked bank accounts belonging to some 500 digital asset traders. The affected accounts are said to have received a portion of the more than $10 million that was stolen from Access Bank by hackers between May and June this year. A prominent Nigerian crypto enthusiast...
Euroclear launches digital securities issuance service, settles World Bank bond
24.10.2023
The settlement service is far from the first to issue digitalized securities, but it is a significant step because of its size
Euroclear Unveils RWA Tokenization Service With World Bank's 100M Euros Digital Bond Issuance
24.10.2023
The digital bond was issued on R3's Corda blockchain, while global bank Citi and investment manager TD Securities assisted in the issuance
Standard Chartered, Deutsche Complete First Stablecoin Swaps on UDPN Blockchain
24.10.2023
SC Ventures, Standard Chartered Bank’s VC arm, and German banking giant Deutsche Bank have executed the first stablecoin swaps on the Universal Digital Payments Network (UDPN), per a report published Monday.
UDPN is a blockchain-based messaging system supporting government-regulated digital...
On the Road to Yuan Internalization: Petrochina Completes First Digital Yuan Settlement
24.10.2023
Petrochina, the largest Asian oil and gas producer, has completed a settlement using the Chinese central bank digital currency (CBDC), the digital yuan. The operation, which involved a purchase of 1 million crude barrels through the Shanghai Oil and Gas Trading Center platform, marks the first time...
Singapore Firm Strikes Cross-border Digital Yuan Deal with Chinese Bank
24.10.2023
A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC.
Per the Shanghai Securities News, the deal was concluded by Thunes, a global payment infrastructure provider, and the China Construction Bank...
Chinese digital yuan CBDC used for first time to settle cross-border oil deal
23.10.2023
CBDC and de-dollarization saw major strides last week with the 1-million barrel deal on the Shanghai Petroleum and Natural Gas Exchange
Join the Economic Freedom Nexus — No BS Crypto News in the Context of Permissionless Exchange
23.10.2023
We all know central bank digital currencies (CBDCs) are the furthest thing there is from actual cryptocurrency. That “financial inclusion” usually just means more laws preventing poor people from free exchange and survival in broken, state-run fiat madhouses. The Economic Freedom...
Latam Insights: Argentine Digital Currency Bill to Be Introduced ‘as Soon as Possible,’ Bitfinex Free P2P Exchanges
23.10.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Argentina is pushing for the introduction of the digital currency “as soon as possible,” Bitfinex makes P2P transactions free...
People’s Bank of China Governor Vows to Curb Crypto Speculation
23.10.2023
The new governor of China’s central bank has promised to stop speculation associated with cryptocurrency transactions in the country. Pan Gongsheng made the vow in a report detailing measures to maintain the stability of the Chinese financial market and prevent risks. PBOC Prepares to Crack Down...
Hong Kong Regulators Restrict Retail Investor Access to ‘Complex’ Crypto Products
23.10.2023
The securities regulator and the central banking institution of Hong Kong have updated the region’s crypto policy in response to enquiries from the industry. In a circular on the virtual asset-related activities of intermediaries, the authorities introduced additional measures to protect retail...
Morgan Stanley: Crypto Winter May Be Over, Crypto Spring ‘Likely on the Horizon’
22.10.2023
Global investment bank Morgan Stanley believes that “crypto winter may be in the past and that crypto spring is likely on the horizon.” An analyst at the bank explained that historically, most of bitcoin’s gains come directly after a halving event that occurs every four years. Morgan...