Avtar Sehra

Unlocking collateral mobility through tokenization: Gilts, Eurobonds and Gold using DLT based tokenisation. #dlt #blockchain #bond #tokenisation Canton Network Digital Asset Euroclear https://lnkd.in/dVfUi8Je

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"In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound." Bank of England #stablecoins #digitalcurrency #digitalpound #cbdc #dlt #UK #centralbankdigitalcurrency #crypto #cryptoassets #digitalassets https://lnkd.in/gmnmHaCD

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🔊MiCA Stablecoin legislation comes into effect this Sunday 30th June 2024. 😳$20BN of Stablecoin USDT has left the market - and IMHO has gone underground into Fiat/Cash. This structural market movement is due to stronger VASP (Crypto exchange) AML/KYC source of funds ongoing due diligence and daily PEP/Sanction checks in line with Financial Action Task Force (FATF) travel rule adoption. 🇦🇪 UAE announce a ban on non-dirham backed stablecoins for payments within the region. 🇯🇪 Jersey British Isles based Moneybrain (VASP) ready to serve 🇬🇧 & 🇪🇺 with liquid Blackrock Moneymarket Fund Backed Ethereum ERC20 Stablecoins. $ #USDB € #EUROB £ #GBPB Please add in the comments any other Stablecoins that are able to be exchanged in 🇬🇧 & 🇪🇺from July 1st 2024. Please forward/re-post to who you feel may be interested and onto your preferred exchanges or family offices/OTC desks and ask them to DM me [email protected] if they wish to establish BiPS digital $€£ stablecoin pairings. With thanks to Camomile Shumba for the article in the comments for sharing all the up to date facts. CoinDesk #GlobalP2P #Moneybrain #BiPS #Stablecoins

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🌍 Iran and Russia Explore CBDC and Tokenized Assets for Payments 🔄 Iran and Russia are collaborating to advance the use of central bank digital currencies (CBDC) and tokenized assets for cross-border settlements, a move driven by their exclusion from traditional international payment systems like SWIFT. This partnership highlights an emerging trend in the global financial landscape, where nations explore alternative payment mechanisms under economic constraints. Key Developments: 1️⃣ Legal Framework Adjustments: Recent legislative changes in Russia now permit the use of digital financial assets, including tokenized commodities like gold, for cross-border payments, paving the way for these new financial interactions. 2️⃣ CBDC Advancements: Both nations are also examining the potential of CBDCs to streamline transactions and potentially mitigate issues related to exchange rate discrepancies, although practical deployment is anticipated to begin no earlier than January 2025. 3️⃣ Technological and Regulatory Challenges: The integration of such innovative financial instruments involves significant logistical challenges, including the need for counterparties to integrate with designated platforms and potentially open local bank accounts. 4️⃣ Strategic Financial Navigation: Amidst international sanctions, this initiative reflects a strategic pivot to alternative currencies and digital assets, aligning with broader efforts to maintain economic stability and continuity in international trade. 🌟 Reflections on Global Finance: This development is part of a broader narrative where countries under economic pressures explore innovative financial technologies to sustain and secure their international trade relationships. 💬 What are your thoughts on the use of digital currencies and tokenized assets in international finance? How do you see these technologies impacting global economic policies and trade in the future? 🔄 Share this post to discuss the evolving role of digital finance in global trade and the strategic maneuvers nations are making in response to economic sanctions. #DigitalCurrency #GlobalFinance #CBDC #Tokenization #Sanctions 📖 For a deeper dive into the specifics of this Iran-Russia financial collaboration and its implications for the future of international payments: https://lnkd.in/eqKUCurn

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