US House may vote to overturn Bidens SAB 121 veto next week

While the House and Senate already voted to overturn SAB 121, it will need a two-thirds majority vote from both chambers to invalidate Bidens veto.

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BIS inaugurates Toronto Innovation Centre with Bank of Canada

Bank of Canada Governor Tiff Macklem said that as finance evolves, the industry must innovate and apply new skills, allowing Canadians to benefit from advancements.

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Zimbabwe consults crypto firms on virtual asset regulation needs

The Zimbabwean government hopes to create a regulatory structure tailored to countrys specific needs and conditions.

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Be persistent with the SEC, says Franklin Templeton digital asset head

The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator.

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Philosopher Yuval Noah Harari warns of AIs risks in finance

The bestselling author, philosopher and historian sees grim potential for AI to get out of control in the financial system.

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Israel launches digital shekel CBDC experiment for payments

The Bank of Israel launched the CBDC experiment taking inspiration from the Project Rosalind carried out by the BIS Innovation Hub.

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Alabama Moves Toward Bitcoin Investment with New Bill

HB482 concerns Bitcoin investments in Alabama. With bipartisan support, the bill would give the state a lead in cryptocurrency adoption and blockchain innovation.

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HKMA Launches Project Ensemble to Bolster Tokenisation in Finance

HKMA initiates Project Ensemble, a key move to advance the tokenisation market and explore wCBDC applications in Hong Kong's financial sector. (Read More)

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Hong Kong Embraces Web3.0 and Advances as an International Crypto Hub, said Chief Executive

Li Ka-chung emphasized Hong Kong's potential in leveraging its strengths as an international financial center and driving the development of cutting-edge technologies, particularly in the realm of Web3.0. (Read More)

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US crypto's future could fall on these 4 digital asset bills

The crypto bills could hand power to the purportedly more crypto-friendly CFTC and better define the SEC’s jurisdiction.

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US National Security at Risk Due to China Dominance in Mobile Payments, says former State Department Official

Former Department of State official Anja Manuel warns that if the US loses its dominance in financial innovation and payments, it could impact its national security policy, specifically on sanctions. Manuel stated that China is catching up on dominance in mobile payments, which could make enforcing sanctions against “bad actors” like Iran or North Korea more challenging. (Read More)

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Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’

On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises [...]

The post Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’ appeared first on Crypto Breaking News.

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Bitfinex Securities El Salvador Granted Historic License to Issue Digital Assets

Bitfinex Securities El Salvador has received approval as the world’s first international digital asset platform licensed to facilitate the issuance and trading of innovative real-world tokenized assets such as equities and bonds. Officially approved by El Salvador’s National Digital Asset Commission, this historic license enables a more open and accessible financial system, allowing global companies and investors to benefit from issuing, trading and accessing new digital asset classes under El Salvador’s progressive regulatory framework.

<p>The post Bitfinex Securities El Salvador Granted Historic License to Issue Digital Assets first appeared on CCNC | Cryptocurrency Newscast.</p>

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Singapore advances asset tokenization with new MAS frameworks

The Monetary Authority of Singapore is pulling together the projects and participants needed for the next step in its asset tokenization trials. 

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