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CBDC: Ripple Unveils Platform for Central Banks
Ripple has announced the launch of a central bank digital currency (CBDC) platform. This innovative solution empowers central banks, governments, and financial institutions to issue their own digital currencies, revolutionising the financial landscape. Empowering Central Banks with Customisable CBDC Life Cycle Ripple’s CBDC platform provides central banks and governments with comprehensive tools to manage their […]
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Introduction to Indirect Banking in the Crypto Industry
Esteban Gamboa, Senior Compliance Officer for SolutionsHub, discusses the role, benefits, and challenges of banking intermediaries for the crypto sector. The sector has encountered substantial obstacles in accessing conventional banking services. Regulators warnings and failures have made many banks hesitant to collaborate with cryptocurrency clients. However, some intermediaries have emerged to assist, enabling banking services […]
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Unraveling the EU’s MiCA Regulation: Implications and Impact on Crypto-Asset Service Providers
The European Union (EU) is on the cusp of adopting some of the most comprehensive and far-reaching regulations related to crypto-assets. The proposed Markets in Crypto-Assets Regulation (MiCA) could potentially set the standard for other jurisdictions across the globe. Presented by the European Commission in 2020, MiCA is part of a more extensive digital finance […]
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EU Parliament Paves the Way for Groundbreaking Crypto Legislation, MiCA, to Launch in 2024
The European Union (EU) Parliament has approved the pioneering Markets in Crypto-Assets (MiCA) regulation in a 517-38 vote, making it the first major jurisdiction to establish a comprehensive crypto law. Additionally, the EU Parliament voted 529-29 in favor of the Transfer of Funds regulation, a separate law that requires crypto operators to identify their customers, […]
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UK Banks Remain Cautious of Crypto Clients: A Closer Look
UK Banks Remain Cautious of Crypto Clients: A Closer Look Navigating the Complex Relationship Between Traditional Banks and the Crypto Industry. The cryptocurrency sector continues to evolve at a rapid pace, pushing boundaries and driving innovation. However, as this digital ecosystem grows, it’s becoming increasingly clear that some traditional financial institutions are hesitant to embrace […]
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