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Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative

The government of Hong Kong has announced Project Ensemble, an initiative that will test the functionality of a wholesale central bank digital currency (WCBDC) and the movement of tokenized deposits.…

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South Africa Regulators to Unveil Document Categorizing Stablecoins as a ‘Particular Type of Crypto Asset’

In 2024, the Intergovernmental Fintech Working Group, a consortium of South African regulators that unveiled a position paper on crypto assets in 2021, is expected to “publish additions to include…

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Citi Completes Private Market Tokenization Test Using Avalanche

Citi, in alliance with Wellington Management, Wisdomtree, and ABN AMRO, completed a proof of concept for the tokenization of a private fund on top of the Avalanche blockchain. The test…

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Bank of Russia Registers Another Digital Asset Issuer

The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in…

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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…

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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.

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