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HSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL

The Indian subsidiary of major global banking and financial services firm HSBC and India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction, Indian business newspaper The Hindu Business Line reports Sunday, Nov. 4.The blockchain-powered letter of credit (LoC) transaction, reportedly the first of its kind in India, involved export by RIL […]
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Gov’t Taskforce Proposes Crypto Regulation Changes, Questions Crypto Definition

The U.K. Cryptoassets Taskforce has released a report Oct. 29 that proposes some changes for cryptocurrency regulation and raises concerns over how digital assets are traded and used.Launched in March, the Cryptoassets Taskforce is made up of of the Bank of England (BOE) and the Financial Conduct Authority (FCA) and is charged to regulate and […]
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UK’s Financial Regulator Mulls Ban on Sale of Crypto Derivatives

The U.K.’s Financial Conduct Authority (FCA) has said it will consider whether to ban the sale of cryptocurrency-based derivatives, the Financial Times (FT) reported Oct. 29.Unlike crypto spot market activities, trading, transacting and advising on crypto derivatives such as contracts for difference (CFDs), options, and futures currently falls within the FCA’s regulatory perimeter and requires […]
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Why Governments May (or May Not) Need Them

On October 20, The Bank of Japan’s (BOJ) deputy governor, Masayoshi Amamiya, repeated his negative stance towards central bank-issued digital currencies (CBDC), claiming that such digital currencies are unlikely to improve the existing monetary systems.The concept of CBDC, or national cryptocurrencies, has attracted many governments across the world. Some of them have already rolled out […]
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Winklevoss’ Crypto Exchange Gemini Eyes Entrance Into UK Market, Sources Report

Tyler and Cameron Winklevoss, creators of U.S.-based cryptocurrency trading platform Gemini, are looking to expand the platform to the U.K. market, sources told the Financial Times (FT) September 24.The Gemini Trust Company, founded in New York in 2014, is currently ranked the 58th largest crypto exchange globally by adjusted daily traded volume, according to CoinMarketCap.The […]
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