“France, Singapore, and Switzerland recently experimented with cross-border Central Bank Digital Currencies (CBDCs) using public blockchain and DeFi technology in a venture named Project Mariana. Despite successful trials, further investigation and iterations are required to fully understand the complexities of implementing such systems.”
Search Results for: Arab Bank Switzerland
Deutsche Bank’s Foray into Crypto: Assured Safety or Regulatory Nightmare?
“Deutsche Bank has partnered with crypto safekeeping specialist, Taurus to establish digital asset custody and tokenization services. They have lodged for a crypto custody license from Germany’s financial regulator, indicative of digital asset custody plans for early 2021. This partnership signals the rising potential of tokenized financial assets.”
Deutsche Bank’s Crypto Custody: Innovative Progress or Risky Move?
“Deutsche Bank has partnered with cryptocurrency platform, Taurus, aiming to offer cryptocurrency custody to its customers. Taurus will provide custody and tokenization technology compliant with local regulations. Despite its forward-thinking approach, the volatile nature of crypto markets presents a financial risk.”
Taurus, Polygon, and the Rising Popularity of Asset Tokenization in Europe
Digital asset infrastructure provider Taurus integrates with Polygon blockchain, enabling clients to issue digital securities. With tokenization gaining popularity, Taurus draws interest from major banks like Credit Suisse and Deutsche Bank, blending traditional finance with innovative Web3 solutions.
Swiss CBDC Pilot Program: Enthusiasm, Challenges, and the Future of Digital Currencies
Swiss National Bank (SNB) Chairman Thomas Jordan announced an experimental central bank digital currency (CBDC) for wholesale payments on the SIX Digital Exchange. Intended for financial institutions, this pilot program aims to test real transactions with market participants, joining 18 countries piloting CBDC technology worldwide.
Crypto Regulation Migration: Boon or Bane for the Industry and Investors?
The recent crackdown on crypto regulations in the US has led to alternative locations like the European Union, the United Kingdom, Switzerland, Hong Kong, and the United Arab Emirates adopting more crypto-friendly regulations. However, a Wall Street Journal article cautioned that lenient regulations might only persist until a major scandal triggers stricter rules, impacting investors and the industry’s long-term viability.