Auto Added by WPeMatico

Nigeria Approves Two Crypto Exchanges, Warns Against Patronizing ‘Illegal Operators’

The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax Technologies, the first digital asset exchanges to operate in the country. Additionally, four digital asset…

Continue ReadingNigeria Approves Two Crypto Exchanges, Warns Against Patronizing ‘Illegal Operators’

Marketnode Secures Series A Funding Led by Financial Services Giant HSBC

On Thursday, Singapore’s Marketnode, a digital market infrastructure operator, secured funding for its Series A financing round led by HSBC, the British multinational universal bank and financial services group. The…

Continue ReadingMarketnode Secures Series A Funding Led by Financial Services Giant HSBC

World Bank to Issue CHF Digital Bond Settled Using Swiss Franc Central Bank Digital Currency

The World Bank has announced that it will issue its first CHF digital bond on June 11. This 7-year, CHF 200 million ($219 million) bond is the largest CHF issuance…

Continue ReadingWorld Bank to Issue CHF Digital Bond Settled Using Swiss Franc Central Bank Digital Currency

China floats idea of ‘Asian yuan’ to reduce reliance on US dollar

The proposed distributed ledger technology-backed “Asian yuan” token would supposedly help reduce Asia’s dependence on the U.S. dollar for international business.

Continue ReadingChina floats idea of ‘Asian yuan’ to reduce reliance on US dollar

BIS marks CBDC pilot as ‘successful’ with $22M transacted

Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part.

Continue ReadingBIS marks CBDC pilot as ‘successful’ with $22M transacted

South Africa finishes technical PoC for wholesale CBDC settlement system

The South African Reserve Bank stated further work would be undertaken to study the findings from the project and used to inform policy and regulatory responses to DLT and CBDCs.

Continue ReadingSouth Africa finishes technical PoC for wholesale CBDC settlement system

DCG Mining Subsidiary Foundry Joins Texas Blockchain Council to Help Shape Crypto Public Policy

On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Texas. Foundry…

Continue ReadingDCG Mining Subsidiary Foundry Joins Texas Blockchain Council to Help Shape Crypto Public Policy

Fed and MIT’s CBDC research: Distributed Ledger tech has ‘downsides’

The researchers published results from “Project Hamilton,” which was first announced in 2020 to explore the use of existing and new tech to build and test a hypothetical CBDC platform.

Continue ReadingFed and MIT’s CBDC research: Distributed Ledger tech has ‘downsides’

Europe’s Securities Watchdog Seeks Feedback on Regulations Ahead of DLT Pilot

ESMA, the European Securities and Markets Authority, has set out to establish if EU authorities need to amend existing regulations in order to facilitate the trading and settlement of tokenized…

Continue ReadingEurope’s Securities Watchdog Seeks Feedback on Regulations Ahead of DLT Pilot