SWIFT's take on unified ledgers, IMF's CBDC research and Brazil DREX vision. In the tokenization segment, Visa unveils a new tokenization platform that'll allow central banks and financial institutions to launch their own stablecoins.
An ECB research paper on CBDC adoption strategies and cross border CBDC projects in Asia. Another digital note from HSBC as a new report on the state of tokenization reveals surging trading volumes and a spike in experimentation.
Tether’s mining business faced legal turmoil as Swan Bitcoin accused it of stealing trade secrets. The dispute over their joint venture, 2040 Energy, escalated into a lawsuit, with Swan alleging Tether conspired to poach employees and proprietary data. Tether denies wrongdoing.
Swiss nonprofit BIO Association plans to launch BIO tokens for its biotech network.
Ohio state senator introduces bill requiring Ohio to accept Bitcoin for taxes.
Ocean launches decentralized mining protocol to combat Bitcoin centralization.
FTX restructuring hearing set for October 7.
Taiwan's FSC permits pro investors to invest
Australia and Canada abandon retail CBDCs, as a new Atlantic Council report shows 44 countries are now piloting one. Meanwhile, HSBC buys and sells tokenized gold with the help of quantum-secure technology.
It's inevitable that the unfolding legal saga with Pavel Durov will have severe ramifications on Telegram's future plans, which until recently included a rumored IPO in the U.S and ambitions to become a "super-app" like WeChat in China.
Russia's biggest bank is stepping up support for the digital ruble. Meanwhile, a new Citi report suggests demand for CBDCs among financial institutions is waning... and fast.
