dlt pilot regime
R3 Highlights the Transformative Potential of Tokenization in Finance
R3, a leading enterprise blockchain software firm, discusses the transformative potential of tokenization in the financial sector. The company emphasizes the need for regulatory frameworks and industry standards to unlock the full benefits of digital assets. According to a June 2023 report from Bernstein, $5 trillion in assets could be tokenized in the next five years, offering significant opportunities for market participants.
UK FCA Regulator Announces “Temporary Registration Regime” Extending Operating Deadline for Crypto Firms
The UK’s FCA has just announced a “temporary registration regime” which allows crypto firms who have previously applied to continue operating until July 2021.
Bank of Korea Speeds up Digital Currency Research, States Central Banks are Driven towards DLT
The Bank of Korea (BoK), South Korea’s central bank and monetary issuer, has released its research on the use of digital currencies and blockchain technology for the banking industry.
Switzerland’s New Regulations for Blockchain And DLT Trading Facilities Usher In A New Era Of Clearer And Lighter Regulatory Regimes
A short article piece submitted by Christoph Besmer, Trade Commissioner, Investment Promotion Switzerland.
Colombian Ministry of Information Technology Prioritize Public Sector Blockchain and Crypto Payment Solutions
The Colombian Ministry of Information Technology and Communications (MinTIC) believes blockchain and DLT solutions could benefit its public sector.
Gibraltar Financial Services Commission Comprehensive Updates to its DLT Regulations
The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers in the country.
Over 30 Japanese Firms to Conduct Digital Yen Pilot Test
Major Japanese companies from various sectors will collaborate to engage in a pilot test to issue a private digital currency or Digital Yen.
Five Russian Banks Ready to Lead Russia's CBDC Pilot Test
Five Russian Banks will participate in the pilot test for the Bank of Russia’s proposed Digital Rubble following the release of its public consultation report.
JICWEBS Blockchain Pilot Project Attracts Four Media Gurus
JICWEBS blockchain pilot project is touted to be a gamechanger in digital advertising as it will optimize transparency, productivity, and trust. This aspect has, therefore, made four media agencies, namely Havas, OMG, Zenith, and Mindshare, to join this initiative.
Chainalysis: Venezuela’s State-Owned Crypto Exchange Possibly Used by Maduro Regime to Launder Funds
Blockchain analysis company Chainalysis wanted to find out whether the claims of whether Petro aiding Venezuelans are true.
Standard Chartered Undertakes First Cross-Blockchain Trade Transaction Between Hong Kong and Mainland China
Standard Chartered has made a milestone by completing its first cross-blockchain trade finance pilot transaction between Hong Kong and China.
Ethereum Express Establishes Two Pilot Projects Encompassing Over 48,000 Users
Ethereum Express (EEX), a community-driven decentralized ecosystem, has revealed the launching of two pilot projects that will comprise of more than 48,000 users. These initiatives are utilizing the Proof-of-Authority-based Ethereum Express blockchain to boost the productivity of their business procedures.
South Korea’s Central Bank Launches Central Bank Digital Currency Pilot Program in Case of Future Necessity
South Korea’s central bank recently announced that it has launched a pilot program assessing the issuance of a central bank digital currency (CBDC). The Bank of Korea has stated that there are no immediate plans to launch a CBDC, however, the pilot program will allow the central bank to be prepared in the future if the changing market conditions require its issuance.