Swiss National Bank to Collaborate with Commercial Banks and SDX on Wholesale CBDC Pilot
SNB said that all transactions conducted during this test phase will be secured by digital bonds and settled on SDX using the wCBDC framework.
SNB said that all transactions conducted during this test phase will be secured by digital bonds and settled on SDX using the wCBDC framework.
The countries created a policymaking group to further the asset tokenization tests and help with navigating legal and compliance concerns.
Despite the clarity of the SBA’s stance, there are still many questions to answer on the legal front.
BBVA has been reportedly working on making its crypto service debut for months as it has integrated a solution for providing cryptocurrency custody infrastructure called SILO in a move similar to Russia’s Gazprombank.
Upbots trading platform announced the IEO for its UBXT utility token which will be hosted by the FTX known to be an industry-leading crypto derivatives exchange. In this way Upbots wants to make one dashboard for both professionals and amateurs.
SEBA will be working in close coordination with DASL for the issuance of tokenized securities over the Corda blockchain network for institutional clients.
In theory, Libra was presupposed to be managed by a Geneva-based independent association linking several companies and non-profit groups.
The Libra Association director granted an interview with a French news firm where he gave a bit more insight into the progress made so far including that the Libra will launch by the second half of 2020 with many members as well.
Facebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said, noting the breadth of the planned services would require broad oversight.
This is an effort from FINMA to bring blockchain-based companies and virtual assets service providers (VASPs) under the regulatory framework to foster a healthy working atmosphere.