Massachusetts has introduced a bill to create a Bitcoin reserve, marking a significant moment for cryptocurrency adoption. Republican Senator Peter Durant of Worcester County proposed the legislation. This initiative positions Massachusetts as the first deep blue state to pursue such a bold financial strategy. MASSIVE BREAKING: A bill to establish
Pro-crypto Congressman Tom Emmer (R-MN) has been named vice chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. The announcement was made by Committee Chairman French Hill as part of the 119th Congress subcommittee assignments. The Digital Assets Subcommittee, established in 2023, focuses on regulating crypto
Standard Chartered, a British multinational bank, has launched a new entity in Luxembourg. This provides crypto and digital asset custody services across the European Union (EU). Besides, this step follows the introduction of the Markets in Crypto Assets (MiCA) regulation, by which the bank can respond to the rising demand
Societe Generale has accomplished its first collateralized market transaction executed in collaboration with the Bank of France. It has employed the technological capabilities of Societe Generale’s blockchain subsidiary, SG-Forge. Moreover, this transaction is the first-ever repo operation in digital securities involving a central bank of the Eurosystem. This demonstrates the
Fidelity International and Citi have unveiled a proof-of-concept (PoC) for an on-chain money market fund (MMF) featuring a digital foreign exchange (FX) swap solution. This was announced ahead of the Singapore FinTech Festival 2024 happening from November 6–8. The solution jointly developed demonstrates the real-time settlement of tokenized MMF transactions
The US regulatory sector has shown persistent evolution this year. While some regulations have posed challenges for crypto advancements, others have aided the industry. Relatedly, in a recent report, tZERO announced that it had received a Special Purpose Broker-Dealer License from regulatory bodies – SEC and FINRA. According to tZERO’s
Hong Kong has witnessed numerous advancements in the digital assets sector these past few weeks. Notably today, TaxDAO, a Web3 Finance and Tax organisation launched the first crypto-asset tax reporting software earlier today. The software formerly named Intax was upgraded to FinTax and began seed funding today. With the launch
Australia’s central bank has completed the pilot of the Central Bank Digital Currency (CBDC), researching the use cases for a potential digital dollar. The report revealed that Australia would not make any decisions on CBDCs for some years due to some unresolved issues that came up at the end of
Digital Asset, a renowned leader in blockchain solutions, has made a groundbreaking announcement in collaboration with Goldman Sachs, Microsoft and others with its plans to unveil a cutting-edge privacy-enabled blockchain network explicitly tailored for institutional clients. This highly anticipated development promises to revolutionize blockchain by providing a decentralized infrastructure that
