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A growing number of Chinese government city authorities, banks, and firms are looking to adopt the digital yuan as a payment tool – as the central bank digital currency (CBDC) rollout continues to intensify.

https://cryptonews.com/news/digital-yuan-adoption-drives-now-focusing-on-cross-border-pay-are-cbdcs-set-to-take-over.htm

Other Republicans are also pushing anti-CBDC legislation.

https://dailycoin.com/sen-ted-cruz-introduces-legislation-to-block-digital-dollar/

A growing number of Chinese employees and firms can now use the nation's Central Bank Digital Currency (CBDC) – the digital yuan – to pay their social insurance premiums and taxes.

https://cryptonews.com/news/chinese-employees-pay-social-insurance-fees-taxes-with-digital-yuan-cbdc-adoption-rise.htm

The lower house of the Russian Parliament, the State Duma, has approved a draft law that paves the way for the introduction of the digital ruble as a legal tender. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency.

https://www.cryptopolitan.com/russia-parliament-digital-ruble-legal-tender/

Supervised intermediaries like banks and payment service providers would facilitate the distribution of a digital euro. This is according to Fabio Panetta, Member of the Executive Board of the ECB, whilst making a presentation at the European Banking Federation Executive Committee Meeting on March 10, 2023.

https://zycrypto.com/investigation-phase-of-digital-euro-to-end-in-autumn-of-2023-ecb-board-member/

Transfers in stores and to governments could take longer, but basic personal CBDC use should be free, the central bank said

https://www.coindesk.com/policy/2023/02/24/digital-euro-should-prioritize-online-peer-to-peer-payments-ecb-says/

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

Our turnkey solution for obtaining one of the aforementioned licenses includes:

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.


Process of acquiring the license takes starting from 2 months up to 6 months depending on jurisdiction.

The price of Digital Asset License is 39000 EUR (TAX Included).

Wish to find out more ?

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[email protected]

[email protected]

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http://bpi.finance/en

"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!

SOFTTRADEAI is an Artificial Intelligence Asset Management Company that uses the advance AI software tools to trade in Forex market to generate income for our investors.
We are using deep learning techniques to train large neural networks to recognise patterns in data. Unstructured data learning from social media posts and news articles can provide unparalleled insight for developing trading strategies and profitable returns on investment.
Our Software can use large amounts of historic information when analyzing trading data in real-time, providing us with better insights into the market and helping us shape our trading strategy according to the current market’s volatility.
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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