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Plans for a government backed non-fungible token (NFT) produced by the Royal Mint have been dropped, the Treasury has announced, according to BBC. Rishi Sunak ordered the creation of a „NFT for Britain” that could be traded online, while chancellor in April 2022.

According to a recent analysis by Nickel, a staggering 63% of the largest crypto exchanges by volume have now integrated with off-exchange settlements (OES) solutions, marking a transformative shift from the pre-ftx era when only 5% of exchanges had adopted such solutions.

Today, the CFTC filed an unexpected and disappointing civil complaint, despite our working cooperatively with the CFTC for over two years. Upon an initial review, the complaint appears to contain an incomplete recitation of facts, and we do not agree with the characterization of many of the issues alleged in the complaint. While we will only be able to give full responses in due time, we will address a few key points below.

The first phase of CBUAE’s CBDC Strategy, which is expected to complete over the next 12 to 15 months, comprises three major pillars, the soft launch of mBridge to facilitate realvalue cross-border CBDC transactions for international trade settlement, proof-of-concept work for bilateral CBDC bridges with India, one of the UAE’s top trading partners and finally, proof-of-concept work for domestic CBDC issuance covering wholesale and retail usag

As we contemplate the fallout from the demise of Silvergate Bank, followed by Silicon Valley Bank (SVB) and Signature Bank – the second and third largest bank failures in US history – the coverage of events isn’t without its ironies for those who have been following the ups and downs of the digital asset sector.

Visa has partnered with Bitpanda, bringing Bitpanda Technology Solutions to its vast network of institutional partners. German digital bank N26, French money app Lydia, UK fintech Plum and Italian neobank Hype have all already partnered with Bitpanda Technology Services.

Trade Association CryptoUK has written to the government expressing „deep concern” about recent moves by banks to limit cryptocurrency purchases and suggested the creation of a „white list” of exchanges that should be exempt from such restrictions.

Around two out of three professional investors will increase investment or invest for the first time over the next six months and 84% rate the sector as attractive over five years. The key reason driving increased investment over the next six months are expectations of improved regulation in the sector.

New rules governing advertisements for virtual currencies (also known as cryptocurrencies) will enter into force in less than 2 months. The rules are intended, among other things, to ensure that the risks associated with virtual currencies are sufficiently prominent in such advertisements. The Financial Services and Markets Authority (FSMA) will supervise compliance with those rules. In addition, the FSMA will be investing even more in financial education about virtual currencies, including via an educational video that it is launching today on the occasion of the start of the 8th edition of Money Week.

Circle, a global digital financial technology firm and the issuer of USDC and EUROC, has today announced it has filed applications in France to become both a licensed Electronic Money Institution (demande d’agrément en qualité d’établissement de monnaie électronique) and a registered Digital Asset Service Provider (DASP) (demande d’enregistrement en qualité de prestataire de services sur actifs numériques) under the rigorous requirements set out by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and Autorité des Marchés Financiers (AMF). Circle’s intent to pursue full approval from the AMF could make it the first company to receive full authorisation under the DASP regulatory regime.