DZ Bank AG, one of Germany’s largest banks, has launched its own digital assets custody platform using blockchain technology. The platform will cater to institutional clients, offering them crypto securities such as the crypto bond from Siemens. DZ Bank believes that distributed ledger technology (DLT) will play a significant role in the capital market business […]
A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors Jesse Sangalli and Alexandre Bobadra, who were inspired by lectures they attended at the Bitcoin […]
Michael J. Saylor, co-founder of Microstrategy, has expressed his belief that Bitcoin could be the solution to Lebanon’s financial crisis. The country’s currency has lost a staggering 96% of its value against the US Dollar, leading to anarchy and hyperinflation. Saylor claims that commercial banks have failed Lebanon, and digital assets like Bitcoin offer a […]
The U.S. Commodity Futures Trading Commission (CFTC) is focusing on the regulation of customer assets in the derivatives market. However, their current proposal does not fully address the unique operational model of LedgerX, a crypto platform. LedgerX operates as a direct clearing organization (DCO), which deviates from the traditional role of intermediaries. Commissioner Kristin Johnson […]
Ripple has achieved a significant milestone in the XRP ecosystem with the official approval of its cryptocurrency for use within Dubai’s financial ecosystem. The Dubai Financial Services Authority (DFSA) has given the green light for licensed organizations in the Dubai International Financial Centre (DIFC) to utilize XRP as a virtual asset service. This approval will […]
The Federal Reserve Bank of Chicago has issued a cease and desist letter to Bitcoin Magazine, accusing the magazine of trademark infringement. The letter claims that Bitcoin Magazine used the term “FEDNOW” on its merchandise without the Federal Reserve’s consent. The Federal Reserve argues that this could cause confusion among consumers and make them believe […]
Ripple’s XRP token has gained approval from the Dubai Financial Services Authority (DFSA) under its virtual assets regime. This means that licensed virtual asset firms within the Dubai International Financial Centre (DIFC) area can now make use of XRP. Ripple, which has chosen the DIFC as its Middle East and North Africa (MENA) headquarters, expressed […]
The National Bank of Georgia (NBG) has partnered with Ripple to launch a pilot program for a central bank digital currency (CBDC) called the Digital Lari. Ripple’s CBDC platform, built on a private version of the XRP ledger, will enable the NBG to mint, manage, and redeem CBDCs in a flexible and scalable manner. Ripple […]
PayPal, the global payments firm, has received a subpoena from the US Securities and Exchange Commission (SEC) regarding its PYUSD stablecoin. The subpoena requests the production of documents, and PayPal has stated that it is cooperating with the SEC in connection with this request. This comes as regulatory scrutiny around stablecoins increases, with Circle, the […]
Ripple has received official approval from the Dubai Financial Services Authority (DFSA) for its XRP cryptocurrency token. This means that licensed firms in the Dubai International Financial Centre (DIFC) can now incorporate XRP into their virtual asset services. The DFSA’s virtual assets regime now allows for four digital assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin […]
