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“# Xapo co-founder gets regulators’ green light for new crypto startup ” The latest project from one of wallet provider Xapo’s co-founders, Federico Murrone, has secured the go-ahead from Liechtenstein’s financial regulator for his new startup Lirium to provide its crypto solution for banks, fintechs and marketplaces worldwide. The project, called Lirium, offers a plug & play backend…
“# Bank of Russia forms first digital ruble testing group ” The central bank of Russia is setting up a group of banking institutions to test its central bank digital currency (CBDC) next year. On Tuesday, the Bank of Russia officially announced the establishment of the first pilot group for testing the digital ruble, bringing together…
“# Singapore’s central bank offers cash prizes for digital currency ideas ” The Monetary Authority of Singapore, the country’s central bank and a major financial regulator, is challenging fintech companies to pitch solutions for a central bank digital currency, or CBDC. On Monday, the central bank officially announced a global challenge that seeks new retail CBDC…
“# London Stock Exchange-listed firm inks FCA’s approval for crypto services ” Mode Global Holdings, a London Stock Exchange-listed fintech group, has secured major regulatory approvals for cryptocurrency and fintech operations in the United Kingdom. The company announced Thursday that Mode has secured its Electronic Money Institution license and AMLD5 registration from the U.K. Financial…
“# Hong Kong includes central bank digital currency in fintech strategy ” The Hong Kong Monetary Authority (HKMA) has published its “Fintech 2025” strategy with central bank digital currencies (CBDC), both retail and wholesale, included in the digital finance innovation package. Unveiling the fintech strategy via a release issued on Tuesday, CBDCs will reportedly play…
“# Understanding the systemic shift from digitization to tokenization of financial services ” The financial industry has seen a rise in demand for exposure to digital — and crypto — assets in all asset classes. This has led to interest, demand and investment from institutional finance, ranging from digital asset custody to digital asset trading…
“# Polkadot announces Kusama is ‘finally ready to host parachains’ ” Kusama, sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network. Polkadot and Kusama creator Gavin Wood today said in a blog post that Polkadot was entering the fourth and final phase of its mainnet launch, which involves deploying…
“# Supply chains reimagined: Enterprise DeFi finances personal protective equipment ” Supply chain management has historically been challenging due to issues, such as increased costs, consumer demands, financial risk, volatility and much more. Unfortunately, the COVID-19 pandemic has created even bigger issues for supply chains globally. A recent survey conducted by Big Four firm Ernst…
“# UK will likely need to issue a digital currency, says BoE deputy governor ” The Bank of England’s deputy governor Jon Cunliffe has argued that a sea change in the issuance and circulation of public and private monies could make general access to a digital form of central bank money crucial for ensuring financial…
“# Crypto community remembers Hal Finney’s contributions to blockchain on his 65th birthday ” It’s been more than ten years since computer scientist Hal Finney became the recipient of the first transaction on the Bitcoin blockchain, and his impact on crypto as a technology is still felt today. Finney was one of the first people…