SGSS, arching, Swift And Nasdaq in fashion Token; Mica Finally the cover NFT And stablecoins algorithmic; Kaiko players in its institutionalization Crypto; XRP Soon his fate was fixed… backthe news of the week.
Its institutions traditional meaning “They need a trusted, responsible third party, able to provide them with a reference price,” Caico COO Elodie de Marchi told Coins.fr this week. This is also required by TradFi players Quality and real-time dataWhich the French startup provides them.
Because the sector, from its global financial hub, is being completely transformed by adoption Blockchain and some Asset tokenization. There were many instances of this mutation this week. and this convergence between TradeFi, Sify And the challenge just beginning
Society General: A Step to Crypto
In France, two banking groups stand by their adoption of crypto-assets. These are BNP Parishad and Society General. The second one made a big announcement in this area. Its subsidiaries Societe Generale Securities Services (SGSS) Launched services for management firms wishing to launch cryptocurrency-focused funds
Its first official client is Arquant Capital, a management company specializing in crypto. This week, he put on the market Two regulated funds are open direct In Bitcoin and Ethereum. It is the first in France. And Arquant therefore relies on SGSS, which plays the role of fund custodian, appraiser and liability manager.
Crypto and Blockchain News from Traditional financial institutions This week was particularly rich. American stock market Nasdaq Nasdaq unveils digital assets. His new entity will offer crypto-focused services to Goofs, starting with custody. Japanese Bank Nomura Established a crypto VC branch in Switzerland. and finally, Swift Explores the use of blockchain with Symbiont.
Jesse Powell is back from the Kraken
Significant changes in the head of the exchange the kraken. Jesse Powell is no longer CEO. He handed over his seat to the company’s chief operating officer, Dave Ripley. Powell, however, did not bow down. Actually he takes it Chairman of the Board of Directors of cryptocurrency exchanges.
Delegating his number two to run current affairs, Powell offered special greetings Spend more time on products Marketed by Kraken. And the former CEO is convinced that Dave Ripley is the ideal person to lead the exchange into its next era of growth.
CBDC Euro: Amazon creates stir
Along with the DMA and DSA, two European regulations, its institutions try to limit the dominance of American big platforms. Yet this is one of them ECB As part of test In terms of Central Bank Digital Currency (CBDC). By choosing Amazon, the ECB aroused surprise, even hostility, on social networks.
For user interface designThe digital euro, the ECB selected partners. In terms of e-commerce payments, it will share the world’s number one share in this sector: the amazon. However, there are big names in Europe in e-commerce, but it’s true that none are the size of Gaffam.
XRP, a clear sky?
The debate has been going on for a long time. It is time for the trial to decide the dispute dry And ripple. Votes for a preliminary ruling to decide the merits of both parties XRP : safety where Cryptocurrency.
The potential imminence of this outcome does not leave investors indifferent. The The price of XRP This week recorded a very strong increase. However, this volatility is a risk. Buying activity is driven exclusively by Ripple news. The value of the token can go down just as quickly. And even more so if the judgment is decided against XRP.
MiCA: A text on the starting block
European authorities have been working on the draft since the provisional agreement was reached at the end of June The final text of MiCA, its crypto-asset regulation system. The document will now be finalized. And some significant changes are noticeable. Legislators seem to have taken that into account Rapid evolution of digital assets.
To prevent the obsolescence of MICA, it has voluntarily allowed a margin of interpretation in its application. In addition, the draft now plans to include Algorithmic stablecoins – or any other type of stablecoin that might see the light of day. Also, notes the rise of Europe Split NFT, which actually falls under fungible tokens and money. NFTs will therefore not be exempt from any European regulations.
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