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X @Bloomberg
Bloomberg· 2025-10-10 14:40
A group of international banks including Goldman Sachs, Deutsche Bank, Bank of America and Banco Santander, have joined forces to explore the issuance of “digital money” on public blockchains https://t.co/sZwfextkeU ...
Major banks explore issuing stablecoin pegged to G7 currencies
Yahoo Finance· 2025-10-10 13:53
(Reuters) -A group of banks including Bank of America , Citi, Deutsche Bank, Goldman Sachs and UBS will work together to explore creating blockchain-based assets pegged to G7 currencies, the banks said on Friday. The project, which is in its early stages, will explore creating assets on public blockchains which are pegged 1:1 to real-world currencies - known as stablecoins. Various banks and other financial institutions have announced plans to look at launching stablecoins, as soaring crypto prices and U ...
X @BNB Chain
BNB Chain· 2025-10-10 12:00
Did you know? BNB Chain isn’t just one blockchain, it’s an ecosystem of three designed to offer a holistic solution for builders.Each plays a distinct role in powering the next generation of Web3 apps.Let’s break it down 🧵 https://t.co/m4rIZoEWEl ...
India’s Stance on Digital Assets : Prioritizing CBDCs Despite High Crypto Adoption
Crowdfund Insider· 2025-10-10 02:43
Core Insights - India's regulatory environment for digital currencies is characterized by a preference for Central Bank Digital Currencies (CBDCs) over decentralized cryptocurrencies, despite having the highest grassroots cryptocurrency adoption rate globally [1][2][5] Regulatory Environment - The Indian government is cautious about cryptocurrencies due to concerns over financial stability, illicit activities, and monetary sovereignty, leading to high taxation on crypto transactions [2][7] - Cryptocurrencies are not illegal in India but operate under a heavily taxed framework, with a flat 30% tax on gains from Virtual Digital Assets (VDAs) and additional taxes on transfers and platform fees [6][7] Adoption and Usage - India ranks first in the Chainalysis Global Crypto Adoption Index, driven by a young, tech-savvy population engaging in crypto for trading, savings, and remittances, despite regulatory challenges [4][5] - The Asia-Pacific region, led by India, experienced a 69% year-over-year increase in crypto transaction volume, reaching $2.36 trillion in the year ending June 2025 [4] Central Bank Digital Currency (CBDC) - The digital rupee (e₹) has seen significant growth, with circulation reaching ₹10.16 billion ($122 million) by March 2025, marking a 334% increase from the previous year [10] - The Reserve Bank of India (RBI) advocates for CBDCs as a safer alternative to cryptocurrencies, emphasizing their programmability for welfare transfers and compliance with anti-money laundering laws [12][13] Government Stance - Indian officials have expressed a commitment to developing a fully RBI-guaranteed digital currency, criticizing "unbacked cryptocurrencies" and promoting financial inclusion and faster settlements [11] - Recent discussions have indicated a potential ban on private cryptocurrencies, with officials asserting that CBDCs can fulfill the functions of cryptocurrencies with greater control and reduced risks [9] Global Context - While India maintains a cautious stance on cryptocurrencies, other regions like the U.S. and EU are advancing pro-crypto regulations, highlighting a contrast in regulatory approaches [12] - In neighboring countries like Pakistan, there is a more positive outlook towards crypto and blockchain, although meaningful actions to support the industry are still lacking [15]
X @CoinDesk
CoinDesk· 2025-10-08 16:57
🕹️ @Mysten_Labs Co-Founder and CTO Sam Blackshear (@b1ackd0g) explains why @Suinetwork is great for building a blockchain for gaming.Thank you @Stablecoin 👋 for being a sponsor of CoinDesk media network. https://t.co/PKwKyIuJZI ...
X @Nick Szabo
Nick Szabo· 2025-10-08 05:56
RT Nick Szabo (@NickSzabo4)It doesn't require day-to-day low-price payments to be a good store of value. That would just be a cherry on top as far as the SoV function goes. Besides its own properties in being more trust-minimized (far superior in this regard to any other major blockchain), more global, and with dilution approaching zero, being able to exchange it for other assets after a long HODL is sufficient to be a good SoV. ...
X @Chainlink
Chainlink· 2025-10-07 16:07
In @Citi's recent report on the future of custody and settlement in an always-on financial system, @SergeyNazarov is featured, highlighting the need for interoperable standards to enable 24/7 collateral mobility across blockchains.Read the full report: https://t.co/VAqhbNwkAR https://t.co/U4NfOxw6Xo ...
X @Avalanche🔺
Avalanche🔺· 2025-10-07 15:22
Traditional wine trades risk heat damage in transport and carry fees of up to 35%.By trading exclusively on chain, the bottle never moves. Instead, CruTrade keeps the wine safe in climate-controlled storage, ready to ship when you are. ...
X @Cointelegraph
Cointelegraph· 2025-10-07 13:01
🔥 NEW: S&P launches the Digital Markets 50 Index, offering diversified exposure to top crypto and blockchain-related stocks. https://t.co/Lc3lKmTOn5 ...