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Under the new rules, crypto will be classified as “restricted mass market investments,” which will require any advertisements or promotions to contain “clear risk warnings,” and bans incentives to invest such as “refer a friend” or “new joiner bonuses,” the regulator said. Source
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Recent moves by Saudi Arabia, Russia and China have raised fears that the U.S. dollar could lose its preferred status for oil trading. And yet alternative national currencies aren’t that appealing. Could a Bitcoin-like currency do better? Original Source
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The United States House of Representatives Financial Services Committee has scheduled a hearing on crypto to discuss its future and provide clarity for the digital assets ecosystem.On June 6, Representative Patrick McHenry, the House Financial Services Committee chairman, announced a full committee hearing titled “The Future of Digital Assets: Providing
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In a new set of experiments, Swift will partner with major TradFi institutions like Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group. The goal is to test how these institutions can use the Swift's infrastructure to instruct the transfer
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While the biggest stablecoins, Tether’s USDT and Circle Internet Financial’s USDC, are backed by conventional assets like U.S. Treasurys, those backed instead by crypto assets have had mixed success. MakerDAO’s DAI, which is collateralized by a combination of Ethereum-based tokens, stablecoins and real-world assets such as U.S. government bonds, has
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Liquid Federation, a consortium of major exchanges, Bitcoin infrastructure companies, and wallet providers, has welcomed six new members. Liquid Network, a layer-2 solution enabling the settlement and issuance of crypto assets on Bitcoin, announced in a
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Morphing from Twitter into X, the new super app will offer users multiple services and will effectively be the WeChat of the West. Twitter CEO Elon Musk has confirmed that the microblogging website will rebrand to X sometime in the near future. Elon Musk responded with “True” to a tweet announcing the
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Financial Advisors should consider Real World Assets (RWA) as a way to approach the digital asset sector, minus most of the volatility. Source
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The popularity of non-fungible tokens (NFTs) has been on the rise since 2017, establishing them as one of the hottest topics within the blockchain ecosystem. The appeal of NFTs has attracted an increasing number of participants to the crypto industry. The unique attribute of these tokens, combined with their inherent
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Hello, thanks for having me here today. This event is one that the Information Commissioner’s Office has spoken at for a few years now. I spoke here last year, six months into my post, which was a great opportunity for me to get across some of my early thinking on
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