Hong Kong officials have announced imminent plans for new regulation on tokenized real-world assets, just as HSBC and Ant Group start testing tokenized deposits in the Hong Kong Monetary Authority sandbox.
The Monetary Authority of Singapore’s real-world asset tokenization and DeFi initiative now counts the U.K. Financial Conduct Authority, Financial Services Agency of Japan, and Swiss Financial Market Supervisory Authority as partners.
The new platform eliminates the need for Web3 coding knowledge, enabling developers to add blockchain-based elements through a unified Web2-friendly API. It can also help provide a frictionless gaming environment for non-blockchain-savvy players.
In legislation planned to go to parliament in 2024, fiat-backed stablecoins will be regulated for use in payment chains, although decentralized and algorithmic stablecoins will remain unregulated until the second phase of government plans.
South Africa has won a record-breaking fourth Rugby Union World Cup Final, beating the All Blacks of New Zealand in Paris's Stade de France Stadium. Despite the All Blacks scoring the only try of the match in the second half, it wasn't enough to break the
The Series A funding round led by Polychain Capital will enable developer Neon Machine to polish the Web3-based first-person extraction shooter before launch.
The Universal Digital Payments Network allows blockchain-based stablecoins and CBDC networks to interoperate with each other. Deutsche Bank and SC Ventures have been testing the system with on-chain swaps using USDC and EURS stablecoins.
