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Vladimir Putin signs order requiring Russian public officials to disclose crypto holdings

Sberbank seeks central bank approval for blockchain platform: report

Major Russian state-owned bank Sberbank has sought approval from the country’s central bank for a blockchain-based financial platform, local Russian news outlet Interfax reported on Thursday.  According to the report, the bank has submitted an application to the Central Bank of the Russian Federation to register a blockchain platform, with plans to launch in the …

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Deltec, the bank for stablecoin issuer Tether, bought ‘large position’ in Bitcoin for clients

Deltec, the bank for stablecoin issuer Tether, bought ‘large position’ in Bitcoin for clients

Deltec, the Bahamas-based bank that holds the reserves for stablecoin giant Tether, holds a “large position in bitcoin” according to its chief investment officer. CIO Hugo Rogers disclosed the investment during a year-in-review video published on January 14. Specifically, the comments about the bitcoin position were in the context of a question about Deltec’s “high …

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Revolut adds four new cryptos for European users on its digital bank platform

Revolut adds four new cryptos for European users on its digital bank platform

The U.K.-based digital bank startup Revolut announced Friday the addition of  four additional crypto tokens and currencies to its platform for Europe-based users. In the December 10 blog post, Revolut said it was adding support for EOS, OMG, XTZ (Tezos) and ZRX (0x). Revolut first started allowing access to crypto buying and selling in 2017. …

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Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes

Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes

Bank of France Deputy Governor Denis Beau, speaking Thursday at the Paris Blockchain Summit, discussed the progress being made with the central bank digital currency (CBDC) and touched upon possible regulatory changes and the legal framework. Beau said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the …

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Singapore’s third-largest bank appears to be building a crypto custody solution

Singapore’s third-largest bank appears to be building a crypto custody solution

United Overseas Bank, Singapore’s third-largest bank by total assets, appears to be developing a crypto custody solution. The bank has opened up a position for “VP — Crypto Security Administrator” to get expert advice on how to design a secure solution for “managing crypto keys.” The job includes managing the installation of a hardware security …

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Swiss Digital Asset Bank Sygnum Launches Blockchain Alternative to Stock Exchanges

Swiss Digital Asset Bank Sygnum Launches Blockchain Alternative to Stock Exchanges

Sygnum, a digital asset finance firm with a Swiss banking license, has launched what it says is a blockchain-based alternative to listing shares on a stock exchange. On Thursday, the company announced an “end-to-end tokenization solution,” comprising of both a primary market issuance platform called Desygnate, and SygnEx, a secondary market trading venue. The solution …

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US OCC Seeks End to Bank Deplatforming of 'Disfavored' Industries

US OCC Seeks End to Bank Deplatforming of ‘Disfavored’ Industries

Call it the CPR for Operation Choke Point. The U.S. Office of the Comptroller of the Currency, a national bank regulator led by former Coinbase counsel Brian Books, has proposed a rule that would forbid banks to blacklist legal industries — including, presumably, cryptocurrency firms.  Under the proposed rule, banks could deny financial services to …

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Fed researchers survey past literature on central bank digital currencies and highlight current issues

Fed researchers survey past literature on central bank digital currencies and highlight current issues

Researchers from the U.S. Federal Reserve published a deep-dive into the past literature on central bank digital currencies on Monday — while also laying out critical considerations for the future of such initiatives.  With a wholly digital dollar — whether from a private entity, the Fed itself or a mix of the two — potentially …

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