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Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said. Source
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Following United States-based crypto exchange Coinbase announcing the launch of its global derivatives platform, key executives at the firm are meeting with industry leaders and policymakers in the United Arab Emirates.In a May 7 blog post, Coinbase said chief executive officer Brian Armstrong and some of the firm’s executive team
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The project used DLT to link the central bank’s RTGS system "with other financial market infrastructures and ledgers automatically orchestrating the exchange in ownership of funds and assets in a resilient and secure way," according to a statement issued by BIS, which groups the world's central banks. Source
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“Participating in the Avalanche Spruce testnet presents a valuable opportunity to deepen our understanding and analysis of smart contract technology and the potential applications of public, permissioned blockchains in financial markets,” said Blue Macellari, head of digital assets strategy at T. Rowe Price Associates. Source
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The collapse of Silicon Valley Bank (SVB), which suffered a bank run after revealing a hole in its finances over the sale of part of its inflation-hit bond portfolio, led to a depegging event for major stablecoins in the crypto sector, leaving many to wonder whether it was a simple
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Shimmer, an incentivized staging network, started operation in September. It is the first EVM-enabled launch on IOTA and is intended to increase the network's overall utility for developers and traders. The public testing period is a key step ahead of the ShimmerEVM introduction on the mainnet, or real-world blockchain. Source
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At the core of the case are how the concepts of fiduciary duty (the obligation to act in the best interest), the duty of care (the obligation to act without negligence), as well as joint and several liability (a responsibility that is shared by multiple parties), apply to the concept
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What is the Howey test?The Howey test is a legal test used in the United States to determine whether a transaction qualifies as an investment contract and, thus, is considered a security under federal law. The test was established by the U.S. Supreme Court in SEC v. W.J. Howey Co.
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The RBA is set to explore various use cases for its central bank-issued digital currency (CBDC). The Reserve Bank of Australia (RBA) has confirmed that it is teaming up with payments company Mastercard as the testing phase of its CBDC, digital dollar – the eAUD, gets underway. According to the RBA, it
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The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway. Original Source
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