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Facebook and it’s Libra Association partners are planning to initially back Libra with fiats including US dollars, euro, yen, British pound, and Singapore dollar, on concerns raised by Senator Mark Warner (D-Virginia) for China’s attempts to push the Libra Association to include yuan in the basket of the currencies backing Libra.
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Customers will have a $3,900 deposit requirement for both Bakkt’s daily and monthly futures contracts as an initial hedge. The speculative initial requirements will be somewhat higher, at $4,290 each.
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CiperTrace’s Travel Rule Information Sharing Architecture would allow exchanges and wallet providers to share payment details and confidentially exchange customer know-your-customer information.
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Gemini Trust Co., the custodial arm of the twins’ crypto exchange, said it will allow users to instantly access funds equal to the amount of coins kept off-line, or cold storage.
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100% e-money and the corresponding regulation are compared to two models where the CBDC providing third-party is either an intermediary or a custodian.
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This paper gathers various stablecoin price stabilization mechanisms, dividing the methods into four collateral types (fiat, crypto, commodity, and non-collateralized) and two layers (protocol and application) to show that non-collateralized stablecoin on the application layer is the simplest approach for implementation.
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Gemini Trust Company, a regulated custodian overseen by the New York Department of Financial Services (NYDFS), now offers “Gemini Custody,” a platform which would enable clients to trade assets instantly by offering them credits.
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Several established players in the fund industry are using DLT in their business.
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Seychelles national stock exchange (MERJ) has issued off its digital initial public offering (IPO), that is poised to be the inaugural blockchain-based IPO in the world.
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The Thailand Bond Market Association plans to issue cryptocurrency to facilitate bond trading, and connect its system with the central bank’s cryptocurrency project. The Bank of Thailand and commercial banks are currently experimenting using digital currency for interbank settlement. The coverage includes inter-bank bond trading, repurchase transactions and regulatory compliance and data reconciliation.
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IBM has doubled the number of its employees on the technical steering committee (TSC) of Hyperledger, stoking concerns about the tech giant’s influence on the enterprise blockchain consortium.
