Latin America’s Biggest Investment Bank to Sell $1 Billion in STOs Using Tezos

Latin America’s biggest investment bank, BTG Pactual, plans to shift its security token offerings (STOs), a pipeline of over $1 billion in sales, onto the Tezos blockchain. The announcement appeared in a joint press release published on Tezos Foundation’s website on July 3.The new initiative is a collaboration between BTG Pactual and Dubai-based asset manager…

Swiss Stock Exchange Asks Central Bank to Issue Stablecoin

Principal Swiss stock exchange SIX asked the country’s central bank to issue a stablecoin, local media SwissInfo reports on June 26Per the report, the crypto asset would be used to settle payments on its new digital securities trading platform. The exchange reportedly announced during the Crypto Valley Association conference this week that users of its…

Appetite for Blockchain Tech Builds Among Korean Banks, but Without Crypto

In recent weeks, major South Korean financial institutions have rolled out a number of services incorporating blockchain technology, especially in the areas of Know Your Customer (KYC) procedures and security. Fintech has become a buzzword for local banks trying to keep up with the change of the times.The banks, however, are not looking into an…

US CFTC Chair: Blockchain Would Have Improved Regulator Response to 2008 Financial Crash

United States Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo says that blockchain technology would have allowed for a “far faster, better-informed, and more calibrated regulatory intervention” in response to the 2008 financial crisis.Giancarlo made his remarks during a speech —  entitled “The New Futurism: 21st Century Financial Markets, Technology and Regulation” —  which…

Bahrain’s Central Bank Launches Sandbox for Blockchain Companies: Report

Bahrain’s central bank is launching a regulatory sandbox to allow blockchain and crypto companies to work in the country, pending formalized regulations. The news was reported by Bloomberg оn Feb. 20.As previously reported, in December 2018, the central bank issued draft proposals to potentially regulate and license crypto asset services. With the prospective framework currently…

What We Know About Yellow Vests’ Bank Run and How Crypto Could Help It

On Jan. 7, activists of the French grassroots political movement the Gilets Jaunes — Yellow Vests — announced a bank run via social media, essentially hoping to meet their goals by destabilizing the local financial system.Dubbed the “Collectors’ Referendum,” the movement’s latest demonstration calls on supporters to withdraw their savings from financial institutions on Saturday,…