“Unveiling the new MultiBank.io brand is the first step in a multi-year blockchain and cryptocurrency roadmap for the MultiBank Group,” states MultiBank Group Chairman Naser Taher.
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Digital Assets News
What is a Digital Asset?
A Digital asset is a non-tangible asset that is created, traded, and stored in a digital format. In the context of blockchain, digital assets include cryptocurrency and crypto tokens.
Cryptocurrency and tokens are unique subclasses of digital assets that utilize cryptography, an advanced encryption technique that assures the authenticity of crypto assets by eradicating the possibility of counterfeiting or double-spending.
The key differentiation between the two classes of digital asset is that cryptocurrencies are the native asset of a blockchain — like BTC or ETH — whereas tokens are created as part of a platform that is built on an existing blockchain, like the many ERC-20 tokens that make up the Ethereum ecosystem.
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There is a very strong appeal from the market and the Central Bank for this project to be approved”, stressed the project’s rapporteur, Senator Iarajá.
When new technologies enable new activities, products, and services, financial regulations need to adjust, states U.S. Treasury Secretary Janet Yellen.
According to the law, National Bank of Ukraine, the country’s central bank, and the National Securities and Stock Market Commission will be in charge of monitoring crypto participants and companies.
The executive order is focused on consumer protection, financial stability, promoting technological innovation aimed at establishing leadership position in global financial system.
“we will continue to enhance and build on our capabilities across DeFi, NFTs, and the Metaverse,” states Kareem Sadek, Advisory Partner, Cryptoassets and Blockchain Services co-leader, KPMG in Canada.
“The upside to both Bitcoin and ETH is much larger than the downside,” states FSInsight head of digital asset strategy, Sean Farrell.
The audit proves that over $19 billion worth of client Bitcoin and Ether is held by Kraken on its exchange.
InCore Bank is a B2B transaction bank, providing banks, securities dealers, asset managers and fintechs first-class transaction banking and outsourcing services.
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