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India’s National Securities Depository Ltd. (NSDL) introduced a distributed ledger technology platform for the Debenture Covenant Monitoring system on Saturday to enhance monitoring of bonds. See related article: Indian market regulator asks depositories to use blockchain Fast facts The Debenture Covenant Monitoring system’s decentralized ledger will provide an immutable and verifiable audit trail
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Bitcoin (BTC) kept investors guessing on May 3 as markets awaited May 4's Federal Reserve comments.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTudor Jones says "no thanks" to stocks, bondsData from Cryptox Markets Pro and TradingView showed BTC/USD hovering just above $38,000 at May 3's Wall Street open.The pair had stayed practically
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Ricardo Salinas Pliego is the third richest man in Mexico who has been making headlines for his stance on bitcoin. The billionaire saw Elektra, a supermarket chain, become the first to accept bitcoin payments in the future. He has also been a strong advocate for investing in the digital asset
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MicroStrategy CEO and Bitcoin (BTC) permabull Michael Saylor believes that traditional financial markets aren’t quite ready for Bitcoin-backed bonds. Saylor told Bloomberg on Tuesday that he’d love to see the day come where Bitcoin-backed bonds are sold like mortgage-backed securities but warned that “the market is not quite ready for that
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The Federal Open Market Committee, or FOMC, has approved rules that would ban senior officials at the Federal Reserve from purchasing and holding cryptocurrencies and other investments.In a Friday announcement, the FOMC said that starting on May 1, senior Federal Reserve officials already working at the agency would have one
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press release PRESS RELEASE. Position Exchange is pleased to announce the release of its Bonds feature. Dive deeper into this game changing DeFi product. What is a Bond? A bond is a fixed-income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). A bond could
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Will the plan work? Soon, the Bitcoin Bonds will get the legal foundation they need. In a recent TV interview Alejandro Zelaya, El Salvador’s Finance Minister, said they will send the necessary bills to Congress. Soon. Reportedly, El Salvador will initially issue $1B worth of bonds, which will have a
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El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran government explained. El Salvador Drafting Legal Framework for Bitcoin Bonds El Salvador’s finance minister, Alejandro Zelaya,
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El Salvador’s government, led by President Nayib Bukele, has moved ahead with plans to issue Bitcoin bonds by preparing 20 bills designed to provide a legal framework for them.Head of the Treasury Alejandra Zelaya told El Salvadoran media El Mundo on Jan. 4 that the bills will cover regulations about
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DeBond continues to make inroads in the decentralized finance industry. Its approach to decentralizing bonds through blockchain technology and smart contracts resulted in a $500,000 seed funding round. Various prominent backers and investors see merit in this approach, paving the way for broader financial access to everyone. DeBond Keeps Making Inroads The
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