The head of the International Monetary Fund (IMF) has called for regulations on cryptocurrencies, citing the risks they pose to financial stability. Speaking at a conference in Seoul, IMF Managing Director Kristalina Georgieva emphasized the need to address the risks associated with crypto assets, noting their increasing popularity and adoption in emerging market economies. Georgieva […]
The Ethereum community has approved the ERC-3643 standard, which is the first-ever standard designed specifically for compliant tokenization. This new standard improves upon the widely used ERC-20 standard, particularly in securities activities. It enhances ERC-20 tokens with controlled advanced functions and compliance modules.Joachim Lebrum, Chair of the Technology Working Group ERC-3643 Association, stated that the […]
Fnality International has launched the first phase of its Sterling Fnality Payment System (£FnPS), a distributed ledger technology (DLT)-based wholesale payment system. The system enables banks to transfer British pounds by combining the benefits of blockchain technology with central bank-issued currency. The £FnPS is a collaborative effort between Fnality, UK regulators, and initial bank participants, […]
Fnality International has launched the first phase of its Sterling Fnality Payment System (£FnPS), a distributed ledger technology (DLT)-based wholesale payment system. The system allows banks to transfer British pounds by combining the benefits of blockchain technology with central bank-issued currency. The £FnPS is a collaborative effort between Fnality, UK regulators, and initial bank participants, […]
El Salvador has received regulatory approval for its Volcano Bitcoin bonds, which aim to raise $1 billion from investors. These bonds are supported by the country’s Bitcoin mining industry, which utilizes renewable volcanic energy. The funds raised will be used to construct the highly anticipated “Bitcoin City.”The bonds are set to be issued in the […]
Rostin Behnam, the chairman of the US Commodity Futures Trading Commission (CFTC), has expressed concerns about the lack of clear regulatory guidelines for cryptocurrencies in the United States. He believes that many cryptocurrencies should be considered commodities under existing laws. Behnam argues that the rapid development of this new technology requires a fresh approach to […]
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has highlighted the urgent need for comprehensive regulations in the cryptocurrency industry. Speaking at a panel discussion with the South Korean government and central bank, Georgieva emphasized the potential risks associated with the growing popularity of cryptocurrencies and stressed the importance of establishing a […]
The Philippines Securities and Exchange Commission (PSEC) is taking steps to block and ban Binance, a cryptocurrency exchange, within three months. The commission issued an advisory warning users about Binance’s status as an unregistered exchange and stated that it is not authorized to sell or offer securities in the country. Binance has not registered as […]
The upcoming United Nations Climate Change Conference, COP28, in Dubai is set to address the goals of the Paris Agreement and accelerate progress towards achieving them. Christopher Greenwald, Head of Sustainable Investing at LGT, a global private bank based in Liechtenstein, believes that discussions at the conference will emphasize the need for sustainability and inclusivity […]
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has highlighted the urgent need for comprehensive regulations in the cryptocurrency industry. Speaking at a panel discussion with the South Korean government and central bank, Georgieva emphasized the potential risks associated with the growing popularity of cryptocurrencies and stressed the importance of establishing a […]
