ESMA: DeFi comes with significant risks as well as benefits

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The European Securities and Markets Authority (ESMA), the EU’s financial markets supervisory authority, has released an article on decentralised finance (DeFi) and the risks it poses to the EU market, reports Cointelegraph. In a 22-page report, the ESMA admits the promised benefits of DeFi, such as greater financial inclusion, the development of innovative financial products, […]

Central banks successfully test cross border trading of wholesale CBDC using DeFi

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The Bank for International Settlements (BIS) and the central banks of France, Singapore and Switzerland successfully tested out cross-border trading of wholesale central bank digital currencies (wCBDC), reports Coindesk. Project Mariana’s proof of concept used a hypothetical euro, Singapore dollar and Swiss franc wCBDCs between simulated financial institutions. The project relied on “a common token […]

Stablecoins in crypto: role, risks and reward

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Date and time: Wed, 27 Sep 2023 19:00 – 21:00 IST Location: Dogpatch Labs, Custom House Quay Dublin 1 This after-work event seeks to present informed and engaging perspectives from key actors and influencers in the crypto and defi realm. Come for expert knowledge sharing and networking in the blockchain #Startups and Web3 ecosystem. Guest […]

From TradFi to DeFi and ReFi: the revolution in financial services

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The adoption and application of technologies such as blockchain and distributed ledger technologies (DLT), combined with the next iteration of internet technologies in web3, is driving a new wave of development in financial services. Articles, such as this one in Intelligent CIO Magazine, talk about how Web3 can enable “immutable credit histories” to be built […]