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Brazil’s CBDC Pilot Reportedly Delayed to 2025 Due to Lack of Privacy Safeguards: Details
Brazil has reportedly postponed the pilot of its Drex CDBC to 2025 as the central bank feels, blockchain privacy solutions are insufficient. The regulator is looking to prevent financial inconvenience to Brazilian nationals. The CBDC is expected to finetune the country’s financial compliance, banking, and tax secrecy regulations.
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Deutsche Bank AG Seeks Approval to Operate as Crypto Custodian in Germany, Triggers Market Surge
Germany’s Deutsche Bank AG wishes to provide crypto buying, selling, staking, valuation, and fund administration services to its individual as well as institutional clients. This would ensure that investors would not flout Germany’s crypto tax norms while also safeguarding investors from financial risks.
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UN Development Body UNCTAD Believes Banks Should Be Banned From Holding Crypto
The United Nations Conference on Trade and Development (UNCTAD) warns that the rising use of crypto for domestic payments and remittances may cause “leakage” of development funds. The UN development recommends recommends extra taxes on transactions and ad restrictions to boost states' revenue and safeguard financial stability in developing co...
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Brazil’s CBDC Pilot Reportedly Delayed to 2025 Due to Lack of Privacy Safeguards: Details
Brazil has reportedly postponed the pilot of its Drex CDBC to 2025 as the central bank feels, blockchain privacy solutions are insufficient. The regulator is looking to prevent financial inconvenience to Brazilian nationals. The CBDC is expected to finetune the country’s financial compliance, banking, and tax secrecy regulations.
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Deutsche Bank AG Seeks Approval to Operate as Crypto Custodian in Germany, Triggers Market Surge
Germany’s Deutsche Bank AG wishes to provide crypto buying, selling, staking, valuation, and fund administration services to its individual as well as institutional clients. This would ensure that investors would not flout Germany’s crypto tax norms while also safeguarding investors from financial risks.
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UN Development Body UNCTAD Believes Banks Should Be Banned From Holding Crypto
The United Nations Conference on Trade and Development (UNCTAD) warns that the rising use of crypto for domestic payments and remittances may cause “leakage” of development funds. The UN development recommends recommends extra taxes on transactions and ad restrictions to boost states' revenue and safeguard financial stability in developing co...
