News

31 Jan – Tokenization, digital assets news

News Roundup weekly

Here’s a round up of the main headlines for tokenization and digital assets for the week ending January 31:

Stablecoins & digital currency

  • African stablecoin payment startup Cedar Money raises $9.9m
  • Thailand to issue stablecoin backed by Thai gov bonds. Launch stablecoin sandbox in Phuket
  • Circle launches encrypted messages for receipts
  • AllUnity opinion article on stablecoins
  • Fintechs Cred, MobiKwik join digital rupee pilot
  • The latest on the digital ruble
  • Crypto.com to delist Tether, other non compliant MiCAR coins on Jan 31 according to various outlets
  • ECB comments on Trump executive order and stablecoins
  • DAI, Sky stablecoins are controversial under MiCA regulations. Implications for Tether?

Tokenization & DLT

Policy and government

  • Fed Chair Powell says ok for banks to provide crypto services
  • Scottish Enterprise funds university collaboration for DLT, digital trust center of excellence.
  • UK bank regulator PRA quizzes banks on crypto-asset holdings (from December)
  • Emirates regulator SCA publishes draft regulations for tokenized commodities
  • IMF on tokenization and financial market inefficiencies
  • Bank of England Q&A on Digital Securities Sandbox
  • Lagarde says no to EU Bitcoin reserves as Czech National Bank votes
  • Czech central bank proposes $7bn bitcoin reserve
  • State of Utah plans to keep Bitcoin as part of its Treasury reserves
  • Texas plans to build Bitcoin reserve
  • Brazil’s BEE4 gets a CSD license for tokenized private securities incl equity, debentures, commercial paper. Also awaiting an over the counter trading license. Was part of regulatory sandbox
  • Acting CFTC chair proposes roundtables on various topics including digital assets
  • American Bankers Association applauds the SEC rescinding SAB 121
  • DOJ fines KUCoin $300m for operating an unlicensed money transmitter service and flouting AML rules
  • Banque de France speech on move to T+1 plus wCBDC and the future of tokenization
  • Congress reviews crypto choke point
  • Musk explores blockchain for DOGE
  • ESMA publishes factsheest on staking, lending and DeFi based on larger report last week
  • Deutsche Börse owned Crypto Finance and Bitpanda land BaFin MICAR licenses

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