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Banks and Institutions Korea’s largest bank to launch the country’s first crypto investment fund Kookmin Bank, South Korea’s largest bank by net assets has formed a Digital Asset Management Committee with the aim to launch a crypto exchange-traded fund (ETF) and future products as soon as regulation in the country allows. Along with developing a […]

Banks and Institutions El Salvador plans to issue first bitcoin bond next month The government is planning to have the bond “totally ready” for issuance between March 15 and March 20. Zelaya confirmed that the government is planning to issue $1 billion for the first bond. However, Zelaya said that he now expects the bond […]

Banks and Institutions India to tax crypto income at 30%, a CBDC launch in 2023 India has provided clarity on crypto taxation for the fiscal year 2022-23, with a 30% rate taxation on digital asset. The transfer of assets typically means their sale, exchange, and relinquishment. But this tax may discourage investors from investing in […]

Banks and Institutions BlackRock files for ETF to track performance crypto company-focused index BlackRock’s iShares filed Friday to create a new “blockchain and tech ETF” that will track the performance of an index that follows companies working in this area. The ETF will track the NYSE FactSet Global Blockchain Technologies Index. Component companies will include […]

Banks and Institutions ESMA vice chair calls for proof of work mining ban Erik Thedéen, vice chair of the European Securities and Markets Authority (ESMA) said regulators in Europe should consider banning proof of work mining in favour of proof of stake. Crypto miners have come under mounting pressure over their energy consumption. UK regulator […]

Banks and Institutions Goldman Sachs sees Bitcoin at $100,000 Despite Bitcoin unable to close 2021 above the $100,000 level, Goldman Sachs experts said in a note released last Tuesday that this psychological horizon is still achievable if it takes a share of the gold market, though for a longer period. According to this note, BTC […]

Banks and Institutions HSBC and IBM create successful multi-ledger CBDC demo HSBC and IBM announced the successful test of an advanced token and digital wallet settlement between two central bank digital currencies, or CBDCs. The experiment consisted of transactions between CBDCs, eBonds, and forex. IBM’s Hyperledger was used for the transactions, and the project was […]

Banks and Institutions French and Swiss central banks announce the success of a CBDC pilot project With ”Project Jura”, the Banque de France and the Swiss National Bank aimed to investigate cross‑border settlement with euro and Swiss franc as wholesale central bank digital currencies (wCBDC). A decentralized peer‑to‑peer network of computer nodes (Corda) validates transactions […]

Banks and Institutions Bitcoin Capital AG releases two crypto ETPs on SIX Swiss Exchange The new offerings included the FiCAS Active Bitcoin ETP (BTCB) and FiCAS Active Ethereum ETP (ETHB), and can already be invested into by institutional, professional and private investors as a way to diversify their portfolios. Those two crypto ETPs follow the […]