Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services – Regulation Bitcoin News

Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to...

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BIS compares projects to transfer central bank digital currencies across borders

The Bank of International Settlements (BIS) Innovation Hub released a report Tuesday looking at four projects that examined wholesale central bank digital currency (CBDC) transfers across borders. The projects demonstrated the technical feasibility of the transfers, the BIS found,...

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McKinsey: The Metaverse Could Generate $5 Trillion by 2030 — ‘Simply Too Big to Be Ignored’ – Metaverse Bitcoin News

Global consulting firm McKinsey & Company has forecasted that the metaverse may generate up to $5 trillion by 2030. In addition, more than 80% of commerce could be impacted by activities in the metaverse. Metaverse Could Generate $5 Trillion...

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How a DAO for a bank or financial institution will look like

DAOs can provide several services for banks, including asset management, compliance and lending. Banks today are already using blockchain technology for things like payment, clearing and settlement, trade finance, identity and syndicated loans, according to The Financial Times. However,...

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