eNaira Poses no Threat to Financial Stability – CBN
The Central Bank of Nigeria (CBN) had publicly asserted that the eNaira, central bank digital currencies (CBDC) initiative, does not threaten the nation’s financial stability. The CBN issued a press release on October 9 in response to “news articles on some media platforms” suggesting the eNaira threatens Nigeria’s financial stability. Some news articles, such as […]
JPMorgan Reportedly Launches Tokenization Platform TCN
According to a Bloomberg report, JP Morgan launched its blockchain-based collateralization platform, Tokenized Collateral Network (TCN), and completed its first transaction with BlackRock asset management. Tokenized Collateral Network is a program that permits investors to use assets as collateral. Using blockchain technology, they can transfer ownership of collateral without altering the underlying ledgers. In its […]
DeFi Bears Significant Risks, Benefits – EU Regulator
On October 11, the European Union’s markets regulator, the European Securities and Markets Authority (ESMA), published an article on Decentralized Finance (DeFi) stating its benefits and hazards for the EU Market. In a 22-page report, the ESMA acknowledges the promised benefits of DeFi, such as greater financial inclusion, the creation of innovative financial products, and […]
Binance Launches STP for Spot and Margin Traders
Binance exchange has launched self-transaction prevention (STP) function for all spot and margin traders with intent to prevent unnecessary trading fees associated with unintentional self-trades. On October 26, Binance will implement the self-transaction prevention (STP) function for all spot and margin trading users, the company announced on its blog on October 11. The “expire maker” […]
Securities Authorities Object Crypto Handling in Coinbase’s Case
A group representing North America’s state securities authorities took aim at Coinbase’s arguments in its defense against the SEC. An association of North American securities regulators argues that digital assets should not be viewed as “somehow special,” nor should actions against Coinbase be considered “novel or extraordinary.” In a brief filed on 10 October in […]