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Tokeny Solutions Explores Digital Currency with European Banks

After its active participation last week at the 2nd National Risk Assement with the SICCFIN in Monaco, the Luxembourg-Monegasque company Tokeny Solutions is announcing its collaboration with European banks to explore the potential of digital interbank currency. BNP Paribas CIB, CA CIB, Caisse des Dépôts, Tokeny Solutions and The Blockchain XDEV just announced the launch […]

three round gold-colored bitcoins

Consolidation in Crypto Sphere

Facing the growing investor interest in cryptocurrency as a new asset class, PwC’s latest study sheds light on consolidation trends in the crypto universe. The latest bi-annual study by PWC France entitled “Global Crypto M&A and Fundraising Report” takes stock of trends and sheds light on consolidations in the crypto sphere. The audit company chose […]

Online Eco-Responsibility

KPMG and FEVAD are publishing the 4th edition of the study dedicated to innovation in French e-commerce, which this year brings an unprecedented reflection on Corporate Social Responsibility (CSR) in this sector. While no one is able to predict the impacts of the unprecedented Covid-19 health crisis, there seems to be a consensus that this […]

Bitcoin doré

Bitcoin, the New Digital Gold ?

Bitcoin again crossed the $15,000 achieved last Friday, a record since January 2018, which revives the investor debate on the nature of this cryptocurrency. Is this a payment method or a new “digital gold”? Bitcoin, which has gained nearly 40% since early October, appears to be approaching its December 2017 level, then at $ 20,000. […]

gold-colored Bitcoin

Monaco : AML / CFT-C & Crypto in 2019

SICCFIN, the national authority in charge of the fight against money laundering, the financing of terrorism and corruption (LCB / FT-C) publishes its 2019 activity report and unveils its new “Crypto assets, blockchain, ICO” department. In accordance with the provisions of Bill No. 1.362 of August 3, 2009, amended, strengthening the system for combating money […]

Ripple

Blockchain in Payments: from Adoption to Growth

The third annual “Blockchain in Payments” report issued by Ripple is a comprehensive look into the fintech industry and blockchain’s increasing role in payments. Ripple’s report uncovered that not only is growth indeed possible for blockchain and digital assets initiatives, but that familiarity and positive sentiment continue to rise and that blockchain adoption is key […]

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STO in Monaco: The Transformation of the Investment Market.

The tokenization of financial assets: everyone is talking about it, but what is the process of this dematerialization of financial instruments and the market prospects for the Principality of Monaco? ADVANTAGES OF TOKENIZATION Already today, when an investor buys stocks from a bank broker, for example, those securities are stored and processed by back office […]

FINGERPRINT

Banks release API as per FATF requirements for AML on Digital asset

In a fast-digital asset adoption environment, rules and regulations have to adapt and work hand in hand with technical solutions that can support the appliance of global anti-money laundering (AML) and counter-terrorist financing (CFT) standard. The Financial Action Task Force (FATF) in charge of developing policies to protect the global financial system against money laundering, […]

CBDC

1st Report on the Fundamental Principles of CBDCs

A group of seven central banks together with the Bank for International Settlements (BIS) today published a report identifying the foundational principles necessary for any publicly available CBDCs to help central banks meet their public policy objectives. The report, Central bank digital currencies: foundational principles and core features, was compiled by the Bank of Canada, […]

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Global Crypto Tax Report by PWC

Following the launch last year of their Halo solution to support audits of clients engaged in cryptocurrency activities, PWC is now publishing its annual global crypto tax report 2020 aiming to evaluate and review the existing digital assets tax guidance globally. The rapid proliferation of these digital assets and their specifications, whether they be cryptocurrencies, […]