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Tezos blockchain is being tapped by three major Swiss crypto-based firms to offer tokenized assets to institutional clients. Issuing Tokenized Assets on Tezos Tezos (XTZ), a proof-of-stake (PoS) consensus algorithm smart contract platform is being used to offer tokenized assets to institutional clients by three crypto-focused companies in Switzerland. Specifically, Crypto Finance, InCore
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Regulators around the world continue to keep the pressure fresh on crypto businesses. Spain’s National Securities Market Commission (CNMV) is the latest to issue a warning on several crypto- and financial market-related businesses for unregistered services.According to the official document, CNMV has issued warnings on 12 entities on Monday for
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The Ukrainian government is moving forward with its central bank digital currency (CBDC) plans, as the National Bank of Ukraine (NBU) is now officially authorized to issue a digital currency.Ukrainian President Volodymyr Zelenskyy has signed the law titled “On Payment Services,” officially enabling the country’s central bank to issue a
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The NFT industry is firing on all cylinders as more major brands are exploring digital collectibles. The latest franchise to embrace Non-Fungible Tokens is Star Was. Over 800 limited edition collectibles will be issued as NFTs with the help of StarColl. The NFT Industry Continues To Grow It is interesting to note
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The European Investment Bank, an international financial institution owned by European Union member states, is reportedly exploring blockchain technology for issuing digital bonds.According to a Tuesday Bloomberg report, the EIB has hired major global banks like Goldman Sachs, Banco Santander and Societe Generale to look at a potential deal involving
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In his annual letter to his shareholders, J.P. Morgan Chairman and CEO Jamie Dimon addressed the status of regulations towards Bitcoin and cryptocurrencies in the United States. At the beginning of the letter, Dimon calls 2020 a “strong” year for the banking institution in spite of the pandemic Covid-19. Dimon seems
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Crypto traders and investors as well as companies are expected to be given a three to six month transition period to liquidate their digital holdings after the new law is made officially.According to reports, India is set to issue a crypto ban in the country as a draft bill is
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To start with, BNY Mellon will offer custodian services to its clients, then move forward to what its clients demand most.The Bank of New York Mellon Corp (NYSE: BK) alias BNY Mellon has revealed plans to hold, issue, and transfer Bitcoin and other cryptocurrencies for its institutional clients later this
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The IRS’s latest response in its ongoing privacy lawsuit with James Harper is in, and it seems that the U.S. government agency is determined to miss the point, according to the defendant’s attorney. The DOJ, representing the IRS, has responded to pushback on its motion to dismiss the ongoing lawsuit of
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