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Latest Results from /crypto

/crypto

Russia begins digital ruble pilot

The Bank of Russia has enlisted 13 banks for pilot testing of a digital ruble involving real-world transactions.

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Microsoft and Aptos Labs partner to combine blockchain and AI for banks

Microsoft has teamed up with Aptos Labs on an effort to combine the power of AI and the blockchain to drive web3 into the mainstream.

/crypto

Fed extends remit to cover 'novel' technology-driven risks

The US Federal Reserve is setting up a new supervisory unit to cover 'complex' technology partnerships between banks and non-banks, crypto activities, and the implementation of blockchain technologies.

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PayPal launches its own stablecoin

PayPal has launched a US dollar denominated stablecoin, designed for digital payments and Web3, and to be compatible with the most widely used exchanges, wallets and Web3 apps

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Garanti BBVA fintech subsidiary launches digital asset business

Garanti BBVA Financial Technologies, the fintech subsidiary of Turkey's Garanti BBVA Bank, has launched its first venture with a leap into the digital asset trading and custody industry.

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Revolut suspends US crypto services

Fintech giant Revolut is suspending cryptocurrency services in the US, citing the evolving regulatory environment.

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CBDC benefits found in Digital Dollar Project’s pilot study

The Digital Dollar Project has concluded their pilot study into digital currency opportunities alongside Western Union, BDO Unibank in the Philippines, and Accenture.

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Tel Aviv Stock Exchange taps Fireblocks for digital assets push

The Tel Aviv Stock Exchange (Tase) is making a move into digital asset products and services after inking a deal with vendor Fireblocks.

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Deutsche Börse Group to acquire FundsDLT

Deutsche Börse Group is to acquire the remaining shares in FundsDLT, a Luxembourg-based company which uses distributed ledger technology for fund distribution and processing.

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Haldane calls out CBDC "stealth tax scandal"

Former Bank of England economist Andy Haldane has called out a "stealth tax scandal" at the heart of central bank digital currency (CBDC) design choices.

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SEC says Hex crypto founder defrauded investors and bought $4m diamond

The Securities and Exchange Commission has charged entrepreneur Richard Heart with conducting unregistered offerings of crypto asset securities that raised more than $1 billion and of defrauding investors of $12 million to buy, among other things, a 555-carat black diamond.

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French privacy watchdog questions Worldcoin data collection legality

France's privacy watchdog says that the legality of Worldcoin's biometric data gathering "seems questionable," according to Reuters.