Fintech Daily Information Briefing on [October 10, 2020]
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The following is the Fintech Daily Information Briefing on [October 10, 2020] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.
[1]. Standard Chartered Bank is considering expanding its encryption team to increase its encryption asset management scale
Standard Chartered is planning to increase cryptocurrency holdings on its balance sheet on behalf of institutional investors, according to decrypt. The bank has issued three job applications in the past two weeks to establish a crypto asset team to support this goal. Standard Chartered disclosed three months ago that it planned to establish a custody solution. However, two job vacancies recently announced by Standard Chartered suggest that Standard Chartered wants to actively expand its crypto assets under management. This allows standard chartered to compete with investment giants such as fidelity.
[2]. London Stock Exchange sells Italian stock exchange for $5.1 billion
Recently, the London Stock Exchange Group announced that it would sell the Italian Stock Exchange (Borsa Italiana group) to Euronext for 4.325 billion euros. In 2019, the LSE announced its US $2.7 billion acquisition of global financial market data and infrastructure provider refinitiv, which serves 40000 institutions in more than 190 countries. And the divestiture on the Italian stock exchange officially paves the way for the deal to be approved. It is understood that the sale on the Italian stock exchange will close in the first half of 2021.
[3]. Italian regulators again blocked five foreign exchange encryption websites, with a total of 300 blocked sites
On October 9, the Italian securities regulatory authority (consob) added five websites to its list of banned Internet resources, namely digital exchange limited and SecuRex plus solutions EOOD; Graham Fe finservices Ltd and elite property vision Ltd; brokermasters Ltd; raw Trading Ltd; fintech Software Inc, oprosev limited, leadernet ou. Italian regulators said the institutions were suspected of illegally promoting traded products in Italy and warned Italian investors not to obtain any financial services from these platforms. It is reported that since July 2019, consob had the right to ban financial intermediary websites that it considered unregulated, the number of websites blocked has risen to 300.
[4]. The bank for International Settlements and seven central banks jointly issue a report on digital currency
On October 9, 2020, the bank for International Settlements (BIS) released the central bank digital currencies: basic principles and core features. The report is jointly prepared by the bank for International Settlements and seven central banks (Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Federal Reserve, Swedish central bank and National Bank of Switzerland). It defines three basic principles necessary for the public issuance of central bank digital currency (CBDC) to help the central bank achieve public policy objectives: 1) in a flexible and innovative payment system It should coexist with cash and other types of currencies; 2) support broader policy objectives without compromising monetary and financial stability; 3) functions should promote innovation and efficiency. The report points out that central banks will continue to cooperate on CBDC, but will not make any premature judgment on whether to launch CBDC in their jurisdiction.
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