Singapore central bank reports on tokenized asset network models after trials
Three trial use cases have been completed as part of the project, and the report uses them as a “framework for consideration” of financial market infrastructure.
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BIS releases unified ledger proposal for cross-border, tokenized asset transactions
Like the IMF’s single ledger proposal released a day earlier, BIS' unified ledger uses familiar concepts, such as tokenization, without the blockchain.
China launches national blockchain center to train half a million specialists
The institution will reportedly train more than 500,000 specialists in distributed ledger technology.
Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8
Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets.
White House to build international standards for DLT
The White House national strategy listed eight emerging technologies, focusing on building international standards and finding use cases in the economic sector.
Fed governor Waller says crypto ecosystem has distinct parts with varying potential
Christopher Waller praised the emerging applications of distributed ledger technology, smart contracts and tokenization, but he changed his tune for crypto assets.
Bank of Italy selectively encouraging DLT, preparing for MiCA, governor says
Italian central banker Ignazio Visco talked about fostering or discouraging crypto assets during a lengthy speech to the Italian financial markets association.
BMW Partners With Coinweb to Develop Blockchain-Based Vehicle Financing Automation and Loyalty Program in Thailand
BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle…
BMW taps Coinweb and BNB chain for blockchain loyalty program
BMW will integrate decentralized tech in two phases- first in its daily operations to eliminate complex paperwork, and the second phase would see the development of a customer loyalty program.
Algorand to support bank and insurance guarantees platform in Italy
This is the first time an EU Member State will use blockchain technology for bank and insurance guarantees, according to Algorand.