Digital Identity Revamp: Through The Metaverse
Users of the Metaverse can start over with a digital identity made up of avatars and digital assets, but there are some problems to think about. The word “Metaverse” has become one of the most popular buzzwords of the year as more brands, companies, and even countries look into doing business in virtual worlds. Even […]
Basel Committee recommends banks limit digital assets exposure to 1% of equity
The Basel Committee on Banking Supervision recommended that banks limit their exposure to so-called Group 2 crypto assets to just 1% of their Tier 1 capital during its second consultation on the prudential regulation of crypto-asset exposures. Group 1 digital assets are either traditional assets that have been tokenized, like synthetic stocks, or those that […]
Bahamians may soon be allowed to pay taxes with digital assets
Bahamians (citizens of the Bahamas) may soon be able to pay taxes with digital assets such as central bank digital currency, or CBDC said Philip Davis, prime minister of the Bahamas. The Bahamas’ Office of the Prime Minister stated in a white paper on the future of digital assets released on Wednesday that the government […]
Russia wants to replace US dollar reserves with digital assets on a long term basis
Last week, Russian President Vladimir Putin said that using cryptocurrencies to settle oil contracts was “a bit early.” Russia’s Ministry of Foreign Affairs (MFA Russia) is apparently considering replacing the US dollar with not just traditional fiat currencies but also digital currencies as part of its de-dollarization campaign. In a Tuesday interview with local news agency […]
Bank of America data highlights 20 US publicly traded companies with crypto exposure
Bank of America (BofA) statistics shows Walt Disney, Fox Corporation, and JP Morgan are among a list of 20 U.S. companies with some level of exposure to crypto and digital assets. Companies like Morgan Stanley, Signature Bank, and Warner Music Group, according to a BofA research released on Monday, have some exposure to digital assets […]