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European Investment Bank reportedly to issue bonds with blockchain tech

European Investment Bank reportedly to issue bonds with blockchain tech

The EIB has reportedly hired banks like Goldman Sachs and Societe Generale to explore a digital bond, registered and settled via blockchain. The European Investment Bank, an international financial institution owned by European Union member states, is reportedly exploring blockchain technology for issuing digital bonds. According to a Tuesday Bloomberg report, the EIB has hired major global banks like Goldman Sachs, Banco Santander and Societe Generale to look at a potential deal involving a euro-denominated bond issued on a blockchain.  Citing a person familiar with the matter, Bloomberg states that the EIB is planning to deploy blockchain technology for the…

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BNB Market Cap Passed UBS And Santander, What’s Next?

BNB Market Cap Passed UBS And Santander, What’s Next?

The BNB market cap passed the one of UBS and Santander, rallying 900% to this day which led it to the $64 billion market cap as we can see more in our latest binance coin news today. 2021 had an impressive year for Binance Coin so far as it rallied 900% up to this day. One of the main catalysts for the BNB growth was continued congestion on the ETH network and because of the struggle, Binance Smart Chain emerged as an alternative while meeting the growing decentralized finance sector needs and demands. The BNB market cap passed the one…

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Brazil’s Payment Optimization Plans Could be Damaging for Ripple

Brazil’s Payment Optimization Plans Could be Damaging for Ripple

Ripple Labs, the blockchain giant focused on improving global payment efficiency, has had a pretty smooth relationship with the Brazilian government for a while now. However, the Latin American nation appears to be readying a new payment system, and its success could significantly undermine the blockchain company’s plans for it. PIX is Taking Off Earlier this year, the Central Bank of Brazil introduced PIX, a new instant payment system. The product promises to improve cross-platform payments in the country, allowing citizens to save time and significantly reduce processing fees. The system promises free and fast interbank transfers that are expected to…

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Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report

Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report

Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). The study singles out what it calls the “G7 banking group”, which includes BBVA, Santander, Citibanamex, Banorte, HSBC, Scotiabank, and Inbursa, as the biggest conduits of illicit money in the South American country. Brokerage firms and foreign exchange entities have also been flagged as “high risk”, El Economista reported. The “G7 banking group” controls 80% of the assets within Mexico’s financial sector. However, Mexico’s second National Risk Assessment report did not…

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