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Standard Chartered Bank has announced its upcoming participation in China's digital yuan, also known as digital renminbi (RMB), with the pilot project set to commence on Nov. 27. The bank said it will provide customers with digital yuan exchange, redemption, and other services.

https://cryptoslate.com/standard-chartered-to-offer-chinese-digital-yuan-services-to-customers/

The People's Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are in the second phase of the integration tests of the digital yuan for payments and cross-border transactions in Hong Kong. This new phase includes more banks and the ability to use the Fast Payment System to top up digital yuan wallets.

https://news.bitcoin.com/peoples-bank-of-china-tests-digital-yuan-payment-integration-in-hong-kong/

The European Parliament and the Council of the European Union (EU) have finalized the agreement that will allow the implementation of a continent-wide digital ID wallet program.

https://news.bitcoin.com/european-union-finalizes-digital-id-wallet-agreement-hints-at-digital-euro-integration/

Senator Rick Scott introduced a prohibition act seeking to bar U.S. financial service operators from interacting with China's central bank digital currency (CBDC).

https://crypto.news/u-s-policymakers-introduce-bill-targeting-chinas-digital-yuan/

The People's Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, this would help companies avoid the difficulties of using a single high-cost, cross-border payment channel.

https://news.bitcoin.com/china-mulls-digital-yuan-settlements-for-commodities/

A fake video of ECB President Christine Lagarde admitting to the use of a digital euro for limited control of payments was shared on social media. The video was revealed to be a prank and was part of a series of similar hoaxes targeting public figures.

https://blockchain.news/news/fake-video-of-ecb-president-lagarde-admitting-to-digital-euro-control

https://www.mergecakes.com/

A Swiss-German consortium has successful traded company shares on a blockchain-style digital platform using a Swiss franc-backed stablecoin to instantly settle the transaction.
The trade marked a significant step towards creating a new breed of stock exchange.
https://www.swissinfo.ch/eng/business/swiss-company-shares-traded-as-digital-tokens/45379186

With everyday new cryptocurrencies appear as the cryptocurrency market is expanding faster than ever and has become a valid business model for many people around the globe.

Currently we are offering our clients services with helping obtaining digital asset licenses in multiple jurisdictions:

· Bermuda

· Estonia

· Gibraltar

· Japan

· Labuan

· Malta

· Switzerland

· Vanuatu

· Singapore

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1. Formation of international business corporation.

2. Preparation and drafting of shareholder & officer agreements.

3. Preparation and drafting of narrative business plan.

4. Prepare five year financial projections.

5. Preparation and drafting of current financial statements

6. Preparation and drafting of personal financial statements for owners

7. Identification and draft letters naming principal representative and auditor.

8. Draft and prepare required bank charter and prospectus

9. Preparation and drafting application with regulatory authorities.

10. Respond and draft responses to regulatory authority application inquiries.

11. Facilitate and consummate bankcard relationship with prepaid card program managers

12. Preparation and drafting of policy agreements and related documents.

13. Facilitate and consummate IBAN and correspondent bank relationship

14. Provide for required physical presence and local director

15. Preparation and review of client agreements, website disclosures and related agreements.


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"In partnership with Ledger, we are excited to announce that the next 50 tickets sold for the CryptoCompare Digital Asset Summit will receive a free Ledger Nano S. Join us on 10 March for in-depth discussions on digital asset custody and other key themes impacting institutional adoption."

Get Ticket: https://summit.cryptocompare.com/page/1457536/tickets

New Speakers Announced

We are delighted to announce a new wave of speakers joining the CryptoCompare Digital Asset Summit including representatives from Gemini, CoinDesk, Coinbase, The Block, Fidelity Digital Assets, Börse Stuttgart, Deribit, Morgan Stanley, Ripple, Bitstamp, Binance, VanEck, BCB Group, MakerDAO, Financial News, London School of Economics and many more!

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Paolo Ardoino, CTO of Bitfinex & Tether, will tell the story of Tether’s inception and success during an exclusive keynote dubbed "The Story of Tether" at the CryptoCompare Digital Asset Summit on the 10th of March.


In this industry-first presentation, Ardoino will provide insight into how Tether has continuously innovated to consolidate its position as the world's leading stablecoin.

I WANT TO ATTEND: https://summit.cryptocompare.com/page/1457536/tickets

The Monetary Authority of Singapore (MAS) announced today that it will extend the assessment period for the award of digital bank licences. Successful applicants will be informed in 2H 2020 instead of June 2020 as originally intended.

In January 2020, MAS released an update that it had received 21 applications for digital bank licences and planned to announce the successful applicants in June 2020. The global escalation of the COVID-19 pandemic since then has prompted the implementation of enhanced safe distancing measures in Singapore, and many companies are allowing staff to work from home to the extent possible.

In view of these developments, MAS will extend the assessment period for the award of digital bank licences. This will allow the digital bank licence applicants to dedicate their resources and attention towards managing the immediate impact of the COVID-19 pandemic on their businesses. It will also enable MAS to focus resources on ensuring monetary and financial stability, and ensuring that financial institutions remain resilient, and able to perform their role in supporting businesses and individuals through this challenging time.

Similarly, its neighbour, Malaysia has also announced a delay in its consultation period for their virtual banking framework

https://fintechnews.sg/39118/virtual-banking/mas-extends-digital-bank-assessment-period-in-view-of-covid-19-pandemic/

INSTITUTIONAL ADOPTION: Providers are quicker to adopt digital assets, but demand from traders is still outpacing supply of services.

The supply/demand gap is largest in North America, where only an estimated 52% of demand is being met. Full institutional adoption report: https://bit.ly/2y6fltA

Mia Mohammed is an accomplished senior marketing professional with over 20 years of successful experience working within the financial services and technology sectors globally (Citi, Lehman, Bloomberg, Thomson Reuters and CLS). Mia’s most recent project is right at the heart of blockchain technology and cryptoassets and her mission is to turn the crypto custodial wallet provider Trustology into a household name. Mia joined us on the show to discuss the different types of wallets and shared many useful tips on how to approach choosing a wallet. We also covered some fundamentals around cryptoassets and discussed their adoption. ------ If you want to get in touch with Mia please contact her on LinkedIn

------ You can find our more about Trustology wallet solution here ------ Cointelligence Academy Check our website for latest updates and free Blockchain courses Join our Telegram group and start meeting people in Blockchain and Crypto Follow us on

Twitter ------ If you are interested in sponsoring the show or have any other questions, please feel free to drop me an email on: [email protected]

https://spoti.fi/2VTo3DA