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FameEX Morning Crypto News Recap | November 27, 2023
2023-11-27 12:19:02
BIS General Manager Agustin Carstens Highlights Tokenization's Role in the Future of Finance
Agustin Carstens, the General Manager of the Bank for International Settlements (BIS), stressed the significance of tokenization in revamping the fragmented financial system. He highlighted that tokenization is vital for establishing a more interconnected and programmable financial system, allowing for smooth transactions of multiple central bank digital currencies (CBDCs).
Wallet of Satoshi Ceases US Operations Following a Record Month, Encouraging Customers to Seek Alternative Options Lightning Network payment service provider Wallet of Satoshi has made an unexplained exit from the U.S. market. While specific reasons were not provided, the company has communicated to its U.S. customers that they can opt to withdraw and transfer their funds to another wallet of their choosing in response to this development. US State Regulator Shares Common Cryptocurrency Complaints The California Department of Financial Protection and Innovation has identified prevalent cryptocurrency-related complaints, noting a rise in such cases. The regulator emphasized the need for caution when sharing personal information online, as scammers can exploit information from social media and dating platforms to target individuals. California Governor Proposes Statewide Initiative for Generative AI Training California Governor Gavin Newsom has highlighted the importance of individuals acquiring new skills and becoming familiar with generative artificial intelligence (GenAI) to keep pace with technological progress. A report recommends providing Californians with access to educational and training initiatives focused on GenAI. UK Regulatory Authority Encourages Asset Managers to Tokenize Funds The UK's financial regulator has approved a blueprint model for asset management firms to tokenize funds, supported by blockchain technology. This marks a departure from traditional record-keeping methods and aligns with the regulator's goal of modernizing and improving the efficiency of asset management processes. Interactive Brokers Hong Kong Granted Retail Virtual Asset Trading License in Hong Kong Interactive Brokers Hong Kong has secured a license for retail virtual asset trading in Hong Kong, announced David Friedland, Managing Director for Asia Pacific at Interactive Brokers, via LinkedIn. This development aligns with the cryptocurrency industry's expansion in Hong Kong, which is increasingly becoming a focal point for crypto-related endeavors, drawing companies seeking local licensing opportunities. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
