XRP, TON Are Given Green Light by Dubai International Financial Centre (DIFC) for Legal Use
By
Darya Rudz
More than 4,300 registered companies operating within the DIFC can now integrate XRP and TON tokens into their virtual asset services.
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Standard Chartered Bank to Launch Crypto Custody Service in Dubai
By
Darya Rudz
Starting from the first quarter of 2024, the crypto custody service will be operated by Zodia Custody – the leading institution-first digital asset custodian by Standard Chartered.
Bitget Reveals Its Card Plans at Dubai’s Future Blockchain Summit
By
Darya Rudz
At the event, the Managing Director of Bitget Gracy Chen delivered a speech titled “Top Crypto Opportunities in Q4 2023 and Beyond” where she provided insights into the goals Bitget aims to pursue in the crypto industry.
China Launches Its First Industrial Park for Digital Yuan CBDC Development
By
Darya Rudz
Currently, there are nine residents of the park. All of them will get access to ten government initiatives introduced to “boost the development” of the digital yuan ecosystem. The initiatives include payment solutions, smart contracts, hard wallets, and digital yuan promotion.
UBS Pilots Tokenized VCC Fund in Singapore within Project Guardian
By
Darya Rudz
The first transactions within the pilot included fund subscriptions and redemption of the tokenized fund represented as a smart contract. Notably, UBS used its own UBS Tokenize platform to conduct the transactions.
China’s Evergrande Group Files for Bankruptcy Protection in the US
By
Darya Rudz
Evergrande’s affiliate Tianji Holdings and the company’s subsidiary Scenery Journey have also filed for Chapter 15 protection in the US court.
Binance to Shut Down Its Buy-and-Sell Service Binance Connect
By
Darya Rudz
Binance has confirmed the news, stating it would shift its focus to its main products and long-term goals.
Russian President Vladimir Putin Signs Law on Digital Ruble
By
Darya Rudz
The Bank of Russia has promised there will be no obligatory transfer of salaries and pensions to digital rubles when they are finally in use. Similar to cash and non-cash rubles, the digital ruble will also have no expiry date.
US Congressman Warren Davidson: CBDC Corrupts Money into Tool for Coercion
By
Darya Rudz
The US has been exploring CBDCs, but it has not yet determined whether it will pursue one. The possibility of a digital US dollar itself has provoked serious concerns in the country, with the community’s opinions on this matter divided.
Elon Musk Expanding His Ventures, Facing Scrutiny Over Governance Issues
By
Darya Rudz
Investors are wondering if there will be a devaluation of the Tesla giant since Elon Musk’s initiatives might lead to competition between the EV maker and new ventures.
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