The Central Bank of Spain has joined other European banking institutions in promoting the benefits of the “digital euro.” In a recent publication, the Bank of Spain explained the potential uses of the European Union’s central bank digital currency (CBDC). The bank argues that physical cash limits the advantages of digitalization in the economy and […]
The World Bank has made history by issuing a 100 million euros ($105 million) digital bond on Euroclear’s blockchain-based securities issuance platform. This move marks the first use of Euroclear’s Digital Securities Issuance (D-SI) service, which allows for the issuance, distribution, and settlement of tokenized securities on the blockchain. The two-year bond, listed on the […]
Euroclear, a leading securities settlement house, has launched a digital securities issuance service and successfully settled a 100-million-euro digital bond issued by the World Bank. This marks the first step in Euroclear’s digital infrastructure strategy. The three-year bond, known as a digitally native note, was issued by the International Bank for Reconstruction and Development, a […]
Marinade Finance, a leading decentralized finance (DeFi) protocol on the Solana blockchain, has halted its services for users in the United Kingdom due to compliance concerns with the UK Financial Conduct Authority (FCA). UK users attempting to access the platform were met with a block page citing FCA regulations. However, the protocol has allowed UK-based […]
Marinade Finance, a decentralized finance (DeFi) protocol on the Solana blockchain, has reportedly blocked users from the United Kingdom. The issue was discovered by U.K. customers on October 23rd when they tried to access Marinade’s website. The block page displayed a message stating that access to the site is unavailable in the U.K. due to […]
FTX, a major cryptocurrency exchange, is facing legal troubles as its former general counsel testified in the criminal trial of its CEO, Sam Bankman-Fried. The counsel claimed to be unaware of the exchange’s mixing of funds with Alameda Research, a sister company. Additionally, an accounting professor provided analysis showing that Alameda had a negative balance […]
Solana-based decentralized finance (DeFi) protocol Marinade Finance has restricted access for users in the United Kingdom in compliance with new regulations set by the Financial Conduct Authority (FCA). The FCA introduced these regulations earlier in the year to govern the promotion of crypto products in the region. As a result, several crypto companies have either […]
The European Central Bank (ECB) has announced that it will be moving into the next phase of its digital euro project. This comes after a two-year investigation phase, and the preparation stage is set to begin on November 1 and last for two years. During this phase, the ECB will finalize the digital euro rulebook, […]
The U.S. Securities and Exchange Commission (SEC) has dropped its charges against Ripple executives Chris Larsen and Brad Garlinghouse, canceling the scheduled trial for April 2024. However, the focus now shifts to Ripple’s alleged violation of securities laws through the sale of XRP. The company is accused of marketing over $700 million worth of XRP […]
Ripple, a leading blockchain-based payment and liquidity hub provider, is expanding its global presence in response to the growing demand for its services and the development of central bank digital currencies (CBDCs). The company is currently in discussions with more than a dozen governments worldwide to facilitate the issuance of CBDCs using Ripple’s blockchain technology. […]
