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Use in repo and collateral management viewed as next crucial step
US about to pass GENIUS Act as Trump associates promote stablecoin
'Catch-up effect- sees issuance top Sfr2bn for another consecutive week
Jennifer Lassiter joins from the Digital Dollar Project
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The French financial markets regulator clamped down on cryptocurrency derivatives on Thursday, setting out tighter regulation and an advertising ban for the products.
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Since cryptocurrencies started to go legit, many in the market assumed legitimate uses for the technology would marginalise criminal uses that characterised bitcoin’s early development. This was naïve. Venezuela’s foray into the sector show that avoiding the constraints of the mainstream financial system remains at the heart of the cryptocurrency value proposition.
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Temenos, the Swiss banking software company, is in advanced discussions about an all cash offer for Fidessa, the UK trading technology firm, for around £1.4bn, which is likely to involve some debt issuance.
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The Financial Conduct Authority on Tuesday called upon technology experts from across the finance industry to give feedback on a new automated way to provide the FCA with regulatory reports.
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European supervisory authorities jointly warned consumers this week about the potential risk of buying and holding virtual currencies like bitcoin.
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Hong Kong’s markets regulator has sounded off another warning on cryptocurrencies, taking action against a number of exchanges and issuers of initial coin offerings (ICOs).