Singapore central bank to trial live wholesale CBDC for settlements

The Monetary Authority of Singapore has unveiled its plan to launch a live wholesale CBDC used for settlements by local banks.

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Singapore’s Central Bank to pilot live CBDC for interbank settlements

The Monetary Authority of Singapore (MAS) is set to launch a live pilot of a CBDC for wholesale interbank settlements, marking a significant step in the integration of digital currencies into mainstream banking operations. дальше »

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Singapore Crypto Investors Can Now Earn Passive Income from Stablecoin Issuers

Stablecoin issuers may now be able to offer crypto users passive income if they have been approved by the Singapore Monetary Authority. The post Singapore Crypto Investors Can Now Earn Passive Income from Stablecoin Issuers appeared first on BeInCrypto. дальше »

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“Shaping the Financial Ecosystem of the Future” – Speech by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at the Singapore FinTech Festival 2023

Сообщение “Shaping the Financial Ecosystem of the Future” – Speech by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at the Singapore FinTech Festival 2023 появились сначала на Coinstelegram. дальше »

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Dubai’s crypto regulator VARA switches leadership as it ramps up operations

Outgoing head Henson Orser will remain a consultant after Matthew White takes over as the new CEO of Dubai’s Virtual Asset Regulatory Authority. дальше »

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Singapore’s MAS reveals plan to issue ‘live’ CBDC for wholesale settlement

The Monetary Authority of Singapore (MAS) is planning a pilot program where it would issue a “live” central bank digital currency (CBDC) for wholesale interbank settlement next year, according to a Nov. дальше »

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Paxos secures preliminary license for crypto services in Singapore

In a significant development in Singapore’s cryptocurrency space, Paxos, the blockchain infrastructure firm, has obtained a preliminary license from the Monetary Authority of Singapore (MAS). This preliminary approval enables Paxos Digital Singapore, the newly established entity, to initiate digital payment token services under the regulatory framework of the Payments Services Act. Paxos to introduce a […] дальше »

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'Cryptocurrencies Have Failed the Test of Digital Money,' MAS' Managing Director Says

Ravi Menon, the Managing Director of the Monetary Authority of Singapore, said crypto has performed poorly as a medium of exchange or store of value. дальше »

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Singapore’s Central Bank explores asset tokenization with major financial firms

The Monetary Authority of Singapore (MAS), in collaboration with leading financial institutions like JPMorgan, DBS, and BNY Mellon, has embarked on a project to explore the potential of asset tokenization, a move that could significantly impact the future of financial transactions and asset management. дальше »

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CFTC Chief: Nothing Changed After FTX Meltdown to Empower Agency to Prevent Repeat

U.S. regulators don't have any more authority now to head off another major crypto collapse than they did when FTX imploded and took much of the industry with it, said Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam. дальше »

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Singapore’s Monetary Authority launches new asset tokenization pilots with Project Guardian expansion

The Monetary Authority of Singapore (MAS) has escalated its efforts to expand its asset tokenization initiatives under Project Guardian. This move aims to catalyze the institutional adoption of digital assets, aiming to unleash liquidity, unlock new investment opportunities, and enhance the efficiency of financial markets. дальше »

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Singapore introduces 5 new pilots to test asset tokenization

The latest initiatives by the Monetary Authority of Singapore aim to develop foundational capabilities to scale tokenized markets. дальше »

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Monetary Authority of Singapore Starts Tokenization Pilots Alongside Financial Services Heavyweights

The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing. дальше »

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Crypto.com Acquires License In Dubai As Cronos (CRO) Price Slips

Crypto. com achieves yet another milestone with its recently acquired license from Dubai’s regulatory authority to offer services in the country by Dubai’s arm CRO DAX Middle East FZE. Significance of Crypto. дальше »

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Crypto.com Secures Key To The Desert: Dubai Crypto License Granted

In a notable development within the desert kingdom, the Dubai-based entity of Crypto. com has secured regulatory approval with the issuance of a Virtual Assets Service Provider (VASP) license by the city’s regulatory authority. дальше »

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Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi

Australia's tax authority has clarified that its capital gains tax on crypto products also extends to wrapped tokens or token interaction with decentralized (DeFi) lending protocols. дальше »

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Crypto.com secures preliminary VASP license from Dubai digital asset regulator

Crypto. com has secured a Virtual Assets Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). The exchange, through its entity CRO DAX Middle East FZE, announced the partial VASP license granting permission for specific virtual asset services. дальше »

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Crypto.com secures Virtual Asset Service Provider license in Dubai

Crypto. com’s Dubai-based entity, CRO DAX Middle East FZE, has successfully obtained a Virtual Assets Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), pending operational approval. дальше »

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Crypto.com gets license in Dubai for certain crypto activities

Dubai-based branch of Crypto.com, CRO DAX Middle East FZE, has received a virtual asset service provider license for certain virtual asset servicing activities. The license from the Dubai Virtual Assets Regulatory Authority (VARA) means that Crypto.com fully satisfies the selected… дальше »

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UK Regulators Fire Off 146 Crypto Violation Alerts on First Day of New Promotion Rules

The UK's Financial Conduct Authority (FCA) issued 146 alerts for crypto malpractice on the first day of new regulations, aiming to ensure crypto promotions are fair and clear. The post UK Regulators Fire Off 146 Crypto Violation Alerts on First Day of New Promotion Rules appeared first on BeInCrypto. дальше »

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European Banking Authority Follows UK With Stablecoin Draft Proposals

The European Banking Authority has tabled a proposal on how EU stablecoin issuers can manage liquidity risks through stress tests. The post European Banking Authority Follows UK With Stablecoin Draft Proposals appeared first on BeInCrypto. дальше »

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EU announces funds requirements for stablecoin issuers ahead of MiCA

The European Banking Authority (EBA), the banking watchdog of the European Union (EU), has launched consultations on draft capital requirements for stablecoin issuers. EBA’s Regulatory Technical Standards (RTS) were announced on Wednesday and seeks to establish a common funds requirements framework for stablecoin companies ahead of the EU’s Markets in Crypto-Assets (MiCA) regulation. According to […] дальше »

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UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says

The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative government has said it wants the U.K. to be a crypto hub and has managed to push through legislation that lets stablecoins be regulated as a means of payment, the FCA has been a strict regulator and it will do most of the supervision work involving the broader crypto sector. дальше »

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Dubai’s VARA sets licensing deadline for crypto firms

The Virtual Assets Regulatory Authority (VARA) in Dubai has asked local cryptocurrency companies to register or obtain a license no later than Nov. 17. According to the statement, if companies do not apply for a license, companies may be prohibited… дальше »

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EU Banking Watchdog Seeks Feedback on Draft Liquidity, Capital Rules for Stablecoin Issuers

Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said. дальше »

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U.S. Federal Reserve's Barr Holds Line on Central Bank Needing Stablecoin Powers

Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation. дальше »

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PayPal Receives Greenlight From UK’s Financial Watchdog To Offer Crypto Services After Restricting Users’ Ability To Buy Bitcoin

Payment giant PayPal has become the latest firm to receive an operational license from the UK’s Financial Conduct Authority (FCA) to offer virtual currency services after a lengthy application process. дальше »

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Bank of England, Financial Conduct Authority seek public input on stablecoin regulation

The UK’s Financial Conduct Authority (FCA) has joined forces with the Bank of England (BOE) to gather public input on their forthcoming regulatory framework for stablecoins. In a joint statement released on Nov. дальше »

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Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology

The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) released tailor-made rules for the crypto industry called the Distributed Ledger Technology (DLT) Foundations Regulations 2023 on Nov. дальше »

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Hong Kong Fintech Week introduces the world to HSBC DID solution and commemorative NFTs

On Nov. 2, the Hong Kong Monetary Authority (HKMA) co-organized the eighth edition of the city’s flagship event alongside InvestHK. дальше »

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Ripple Marks Momentous Achievement For XRP In Dubai

Ripple has announced a major achievement in the XRP ecosystem as the cryptocurrency has been officially approved for use within Dubai’s financial ecosystem by the Dubai Financial Services Authority (DFSA). дальше »

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Crypto Lawyer Explains Why Ripple ‘Is Not Going to Abandon XRP’

Crypto lawyer John E. Deaton recently explained why he believes Ripple will not abandon XRP, its native cryptocurrency. His comments come after Ripple announced that the Dubai Financial Services Authority (DFSA) has approved XRP under its virtual assets framework. дальше »

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Dubai regulator approves XRP, TON

The Dubai Financial Services Authority (DFSA), the financial regulator of the Dubai International Financial Centre, has approved TON and XRP дальше »

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How Nov. 8 Could Be the Most Important Day in Ripple’s History

Ripple's Swell event in Dubai on Nov. 8 and 9 could include announcements of an IPO, a Virtual Asset Regulatory Authority license, and possible partnerships, potentially impacting XRP's price. The post How Nov. дальше »

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Ripple Achieves Major Regulatory Breakthrough: Dubai’s DFSA Embraces XRP Integration

In another regulatory win for Ripple, the company made a significant announcement regarding the approval of XRP by the Dubai Financial Services Authority (DFSA), which will allow licensed virtual asset firms in the Dubai International Financial Centre (DIFC) to integrate XRP into their virtual asset services. дальше »

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XRP gains approval from Dubai Financial Services Authority

Ripple announced on Nov. 2 that the XRP token has been approved under the Dubai Financial Services Authority (DFSA)’s virtual assets regime. That approval means that virtual asset firms will be able to make use of XRP if they are licensed within the Dubai International Financial Centre (DIFC) area — a special economic zone and […] The post XRP gains approval from Dubai Financial Services Authority appeared first on CryptoSlate. дальше »

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Court dismisses Coin Center’s Tornado Cash lawsuit against US Treasury

A U. S. district court has dismissed Coin Center‘s lawsuit against the U. S. Treasury, in which the crypto advocacy group claimed that the Treasury overstepped its legal authority by sanctioning Tornado Cash—a move that it alleged infringes upon the privacy rights of many Americans. дальше »

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The UK regulatory authority has released guidelines for the cryptocurrency marketing framework.

Сообщение The UK regulatory authority has released guidelines for the cryptocurrency marketing framework. появились сначала на Coinstelegram.

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Wadzpay receives approval from Dubai’s Virtual Assets Regulatory Authority

In a press release dated Oct 31. WadzPay, a technology provider that facilitates virtual asset-based payments has shared the news that they have initial approval from Duba’s Virtual Assets Regulatory Authority (VARA), the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities. дальше »

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Visa wraps up Hong Kong CBDC trial with HSBC and Hang Seng Bank

Visa has successfully concluded its participation in the Hong Kong Monetary Authority’s (HKMA) pilot program for a central bank digital currency (CBDC) with HSBC and Hang Seng Bank. The program, which is part of the city’s broader “Fintech 2025” strategy,… дальше »

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UK Regulator Publishes Guidance for Crypto Marketing Regime

The Financial Conduct Authority’s new ad regime took effect in October. дальше »

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PayPal registered to offer crypto services in the UK, with restrictions

Payment giant PayPal has successfully registered with the United Kingdom’s Financial Conduct Authority (FCA) to offer crypto services in the country, according to the regulator’s website. дальше »

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PayPal Receives FCA Approval to Offer Limited Crypto Services in the UK

PayPal has received permission from the UK's Financial Conduct Authority to offer limited cryptocurrency services, excluding operation of crypto ATMs, crypto lending, and participation in initial coin offerings. дальше »

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PayPal Granted Green Light For Crypto Services In The UK

In a recent development, PayPal has been registered by the Financial Conduct Authority (FCA) to offer crypto asset activities in Britain. This move comes as PayPal establishes a post-Brexit base in the UK, reflecting its commitment to serving the British market. дальше »

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Solana Takes ‘Lion’s Share’ in Top 10 Crypto YTD Performance — SOL Eyeing $3,000 Price by 2030

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PayPal earns recognition as cryptoasset business in the UK

According to an Oct. 31 update, PayPal UK Limited secured registration as a cryptoasset business by the Financial Conduct Authority (FCA). дальше »

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Visa completes digital Hong Kong dollar pilot test with local banks

The e-HKD CBDC pilot program will enter Phase 2 following praise from the city’s monetary authority.

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BitGo secures cryptocurrency custody license in Germany

Crypto custodial firm BitGo reportedly secured a cryptocurrency custody license from the German Federal Financial Supervisory Authority (BaFin), Financial Magnate reported Nov. 1. The licensing represents a significant milestone for BitGo in Europe and highlights the important role BaFin plays in setting crypto regulation, according to Dejan Maljevic, the managing director of BitGo Europe. дальше »

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FCA grants PayPal a crypto license for operating in the UK

PayPal UK Limited, the UK branch of the online payments giant, received regulatory approval from the Financial Conduct Authority (FCA) on October 31. The license now allows PayPal to start offering services to UK nationals. дальше »

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BitGo receives BaFin license in Germany

The cryptocurrency custodian BitGo, backed by Goldman Sachs and Galaxy, obtained a custody license from BaFin, the German Federal Financial Supervisory Authority, as stated in a Nov. 1 release from Finance Magnates. дальше »

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