Julian Zawistowski

To determine the functioning of the crypto-asset market in Latvia, the draft law on Crypto-asset services was conceptually supported in the Saeima. The new law is planned to enter into force on June 30 of this year. Read more here 👇 #crypto #labsoflatvia #startinlatvia #startinlv

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#OSLInsights 🏛️ 💻 🌐 #DigitalAssets Update: #GoldmanSachs' Tokenisation Push, U.S. Lawmakers on Regulation, Payeer Fined by #Lithuania, Mixed Market Sentiment, and #CFTC's Bitcoin & Ether Classification 🚀🔐 🔹 Goldman Sachs plans to launch three new #tokenisation products this year, leveraging blockchain technology to enhance liquidity and efficiency in financial markets. 🔹 U.S. lawmakers and digital assets industry leaders discuss the need for robust regulations to address risks and foster innovation in digital assets. 🔹 #Payeer fined a record €360,000 by Lithuania's #FCIS for severe breaches of #AML and #CTF regulations, highlighting strict regulatory enforcement. 🔹 #CoinGecko survey reveals mixed sentiment in the market, with optimism tempered by concerns over volatility and regulatory uncertainty. 🔹 CFTC Chairman Rostin Behnam reaffirms #Bitcoin and #Ether as commodities, emphasising the CFTC's jurisdiction and contrasting with #SEC's stance. Join our Telegram channel for full updates 📲 💬 https://t.me/osldotcom

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TELEGRAM IS CRYPTO'S ADOPTION MACHINE CoinDesk: Telegram Messenger is onboarding the masses and ushering in a new era for public blockchains, says David Zimmerman, a research analyst at K33 Research. Kee Takeaways: ⬆ I argue that Telegram and a handful of independent developers have made more progress in onboarding the masses to crypto than the $100 billion in venture capital that has flooded the space since 2014. Crypto adoption has been hindered by (i) poor UX, (ii) limited real-world utility, and (iii) terrible distribution. Through its support for and integration of The Open Network (TON), Telegram is addressing all of these issues and more. ➡ From a Crypto Enthusiast’s Perspective Throughout its early development and up until recently, crypto focused on niche tech development that primarily served crypto speculators and lacked real-world utility. With the arrival of spot ETFs and firms such as BlackRock opening up funds focused on asset tokenization, the time for evolution is now. Telegram combined its messaging app boasting 800 million monthly active users, a blockchain providing rails for crypto adoption in TON, and a native wallet bot known simply as Wallet. Many crypto pitch decks vaguely romanticize the notion of “merging Web2 and Web3,” Telegram is actually doing it. Users can send crypto to their friends as easily as sending a message on WhatsApp. This is a smoother UX than neobanks like Venmo or Revolut, and lightyears ahead of traditional banks. ↩ From a Crypto Native’s Perspective Telegram solidified its place in crypto long ago. It is a popular platform among crypto natives used to keep in touch or share ideas, and it is usually the first social media channel new crypto projects set up along with their X account. Recently, it became more than that for on-chain traders. A new generation of Telegram trading bots changed crypto UX forever, and perhaps changed on-chain trading forever. Buying/selling, setting limit orders, scanning new projects, sniping new launches, and copy trading “smart money,” all became simple with a single command. ↕ Exciting, But There Remains Work To Be Done The improvement we have here in UX cannot be overstated. I say this because I have myself onboarded non-crypto friends through TON's Wallet. Prior to Telegram’s current infrastructure, I would let out a small sigh at the prospect of trying to teach a friend how to use crypto. Now, thanks to Telegram, I do not see how it could be easier. Most of us want to see a future where crypto is being used by the masses. This sentiment is shared by Telegram’s co-founder and CEO Pavel Durov, who is a major Bitcoin advocate. TON’s mission statement is to “put crypto in every pocket.” ⬇ LEARN MORE: https://lnkd.in/gaaNDejj #ai #crypto #blockchain #fashion #metaverse #investment

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China and Kazakhstan's central banks have agreed to cooperate on digital currency, following President Xi Jinping's visit to Kazakhstan. #digitalcurrency #stablecoins #cbdc #digitaleuro #pound #payments  #banking #finance #data #dlt #london #fintechnews #cryptocurrency  #blockchain #latestnews #stablecoin #digitalpayment #BIS #crossborder https://lnkd.in/d8uMs4NU

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As #stablecoins continue to gain traction worldwide, the UAE’s experience can inform the development of effective regulations, write Kokila Alagh and Ratul Roshan of KARM Legal Consultants. Recent developments crystallise the country's position as a regional and global hub for stablecoin regulation and a safe, secure, and progressive environment for activity.

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🇪🇺 New EU regulations under the Markets in Crypto-Assets (MiCA) Regulation take effect today. This implementation focuses on stablecoins, and does not apply to #RWA securities. Want to get a summary of the updates? Cointelegraph breaks it down: https://lnkd.in/gCrih3vc

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🇷🇺 Russia may legalize stablecoins for cross-border payments with BRICS partners to boost transaction speed and security. Ministry of Finance and Central Bank evaluating regulations. Read more: https://lnkd.in/dgEH3Dg2 #CryptoNews #BRICS

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BRICS starts development on independent financial system, which will replace the US-made SWIFT. This will allow sovereign countries to skip the US control of their financial systems, once and for all. https://lnkd.in/dAxpg-4A

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Government-owned KfW bank has issued digital bonds before, including a €4 billion one. However, these used a central securities depository (CSD). The German Electronic Securities Act (#eWpG) also supports a distributed registry without a CSD, which it refers to as ‘crypto securities’. Now KfW is issuing a €100 million ($108m) #blockchain bond on the Polygon Labs blockchain, value dated 4 July. KfW claims that the bond with a 3.125% coupon and 10 December 2025 maturity is the first syndicated #crypto security in #Germany. Union Investment was again the anchor investor in the latest issuance, but KfW described investor demand for the AAA rated bond as ‘heavy’. Other investors include Berliner Volksbank eG, DekaBank Deutsche Girozentrale, LBBW, Solventis AG, Sparkasse Pforzheim Calw and Wirtschafts- und Infrastrukturbank Hessen (WIBank). The bank said interest spanned investors of different sizes and sectors, including asset managers, treasuries, and various types of banks. “Our aim was to involve as many market participants as possible in the transaction in order to collectively learn new things and test the #innovation facilitated by the legislator through the German Electronic Securities Act (eWpG) together with our banking partners, our anchor investor Union Investment and other interested investors,” said Tim Armbruster, Treasurer at KfW. “The healthy level of participation shows the investors’ keen interest in the #digitalisation of capital market transactions. We now want to use this potential to identify scaling options for our refinancing activities.” “After completing the transaction, we will have tested the entire front-to-end process, from the issue of a crypto security to the repayment. We then need to share this experience with other market participants and derive practical implications for the further development of this innovative market segment,” said Gaetano Panno, Head of Transaction Management at KfW. The project involved several participants. The bookrunning consortium was DZ Bank, Deutsche Bank, LBBW and Bankhaus Metzler. Deutsche Bank is the lead arranger and settlement agent. DZ Bank acts as the collective registered holder on behalf of all investors. Cashlink is the crypto securities registrar, and HAUCK AUFHÄUSER LAMPE Digital is the custodian. Linklaters provided legal advice with Hengeler Mueller giving legal support to the bookrunning consortium. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Follow us to stay up-to-date! #finance #banking #fintech #DeFi #bond #Web3 #tokenization #investment #securities https://lnkd.in/eN3w-k9F

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Following several applications from the participants, the Astana Financial Services Authority has reviewed and approved Toncoin for Trading on Digital Asset Trading Facilities in AIFC. AFSA's decision follows a comprehensive review process, ensuring that Toncoin meets the regulatory standards set forth by the authority. With this approval, investors can now trade Toncoin on AFSA-licenced platforms, benefiting from the robust regulatory framework and investor protection measures established by the AIFC. The inclusion of Toncoin in the AIFC's regulated environment is expected to attract a new wave of institutional and retail investors seeking secure and transparent trading options. To get familiarised with the updated list of digital assets approved by AFSA for trading, which is now comprised of 107 digital assets, please visit this link: https://lnkd.in/dQFm_eFi. #AFSAinforms

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BRICS is transitioning to stablecoins - Deputy Minister of Finance of Russia, Ryabkov According to the official, discussions are ongoing within BRICS about the possibility of making payments in stablecoins, both using the existing infrastructure and by creating a wholly new system. The BRICS Bridge project is currently under consideration and involves linking the digital financial systems of the member states. Essentially, it's like a cryptocurrency exchange but on the BRICS level. This is to avoid the obvious sanctions that would immediately be imposed on a stablecoin traded by Russia. See more like this from Ordinal Gold(TM) here: https://lnkd.in/d_U87VEt Ordinal Gold(TM) - Gold secured by the Bitcoin Blockchain. #OXGA #OrdinalGold #Bitcoin #Blockcchain #RealWorldAssets #godl #hodl #goldstreaming

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PRIVATE FIRMS TO JOIN GLOBAL CENTRAL BANK CBDEC PROJECT Cointelegraph: As Project mBridge enters its MVP phase, Bank for International Settlements – BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform's potential. Project mBridge, a multi-central bank digital currency (multi-CBDC) initiative by the Bank of International Settlements (BIS), seeks private sector participation to further develop its prototype into a minimum viable product (MVP). Project mBridge was started in 2021 by BIS Innovation Hub in collaboration with the central banks of Thailand and the United Arab Emirates, and Chinese and the Hong Kong authorities. Eventually, the project was joined by the Saudi Central Bank and 26 observing members. The central and commercial banks experimented with CBDCs to address inefficiencies in cross-border fiat payments, such as high costs, low speed and operational complexities. The end goal is to create a “universally accessible” multi-CBDC infrastructure. Over the years, core mBridge participants developed a prototype platform, which involved creating the mBridge blockchain for real-time, peer-to-peer, cross-border payments and foreign exchange transactions. “As it enters the MVP stage, Project mBridge is now inviting private sector firms to propose new solutions and use cases that help develop the platform and showcase all its potential.” The plan to launch the mBridge MVP dates back to September 2023 and was revealed by Hong Kong Monetary Authority (HKMA) CEO Eddie Yue. At the time, Yue said tests have shown mBridge to provide faster, cheaper, more transparent cross-border payments. However, the BIS had no plans to include private sector firms. He said: “We are expecting to welcome more fellow central banks to join this open platform. And very soon, we will launch what we call a minimum viable product, with the aim of paving the way for the gradual commercialization of mBridge.” The mBridge MVP can technically handle real-world transactions and is compatible with the Ethereum Virtual Machine (EVM). A recent BIS report suggested that all central banks globally will soon adopt generative artificial intelligence (AI) tools for cybersecurity. The report found: “Over two-thirds (71%) of respondents are already using gen AI, and 26% have plans to incorporate such tools into their operations within the next one to two years.” While generative AI tools have accelerated banks' response times to cyberattacks and aided in the detection of suspicious trends and anomalies, the most common concern for central banks remains the costs associated with implementing generative AI tools. https://lnkd.in/guMEy-J9 #ai #metaverse #fashion #cbdc #web3 #crypto #investment

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🌐 Innovative Finance: Iran & Russia’s CBDC and Tokenized Assets Collaboration 🌐 🤝 #GlobalFinanceCollaboration Iran and Russia are making headlines with their cooperative efforts to develop a Central Bank Digital Currency (CBDC) and explore the potential of tokenized assets. Let’s unpack this groundbreaking initiative! Introduction: 💡 #DigitalCurrencyEvolution Amidst sanctions and the quest for financial autonomy, Iran and Russia are joining forces to create their own CBDC and framework for Digital Financial Assets (DFAs), marking a significant move in the global financial landscape. Key Points: -🏦 #CBDCDevelopment Both nations are actively working on a CBDC as a means to facilitate cross-border settlements, bypassing traditional financial systems and sanctions. -📜 #LegislativeProgress Russia has recently passed legislation allowing the use of DFAs in payments, paving the way for a more integrated financial technology ecosystem. -💼 #TradeFacilitation This collaboration aims to simplify trade between the two countries, which have been seeking alternatives to Swift for international payments. -🌟 #FinancialInnovation The move is part of a broader effort within the BRICS nations to develop financial technologies that could potentially challenge the current global payment systems. -📅 #Timeline The earliest we could see the CBDC go live is January 2025, following the implementation of Central Bank of the Russian Federation (Bank of Russia) bylaws. -🤔 #Considerations The development of these digital currencies raises questions about the future of international trade and finance, particularly in relation to sanctions and the dominance of traditional currencies. Industry Relevance: -🚀 #FinanceSectorImpact For those of us in the financial services industry, this development is a clarion call to pay attention to the evolving landscape of digital currencies and their potential to reshape global finance. Additional Insights: -🌎 #BRICSFinancialInnovation With Brazil’s #Pix Brazil instant payment system, Russia’s Faster Payments System (FPS), India’s Unified Payments Interface (UPI), and China’s digital yuan, BRICS is at the forefront of financial innovation. #PaymentSystems #DigitalEconomy -🔄 #UnifiedSystemPotential A unified system that allowed its central banks to settle outside the current system would be a game changer geopolitically. #CentralBanking #GeopoliticalShift 🔮 #FutureOfFinance The Iran-Russia CBDC and tokenized assets initiative is a bold step towards redefining the mechanics of international finance. It’s a development that could herald a new era of financial sovereignty and innovation. #CBDC #TokenizedAssets #IranRussiaFinance #DigitalInnovation #GlobalTrade #FinancialAutonomy https://lnkd.in/e8Mi4sGv

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