China News Daily TheBitTimes.com

Societe Generale’s first digital green bond is a senior preferred unsecured bond on Ethereum. The bond was issued as a Security Token and registered on November 30, with an inaugural value of 10 million euros. The maturity is three years and net proceeds will go to eligible green projects and activities. Societe Generale, the third-biggest bank in France, recently issued the first ever digital green bond on a public blockchain, according to details in a news release. The French financial services giant said the issuance of the senior preferred unsecured bond was on the Ethereum blockchain, and carried an initial transaction of 10 million euros ($10.79 million). The bond, which was issued as a Security Token and registered on November 30 by Societe Generale subsidiary Forge, has a maturity of three years and grants access to the transparency and traceability of its carbon footprint via a smart contract. Societe Generale issued its first digital gre...

The Chinese government has officially declared that the theft of digital collections, including NFTs, will be legally treated as property theft , signifying a significant shift in the nation’s approach to digital asset regulation. On Nov. 10, the Chinese government issued a significant statement regarding the legal status of digital collections, including nonfungible tokens (NFTs), within its jurisdiction. This announcement marks a notable stance on digital property rights and cybercrime in a nation known for its stringent regulatory environment. The statement delineated three perspectives on categorizing the theft of digital collections. The first two views classify it either as data theft or digital property theft . However, it’s the third viewpoint, treating digital collections as both data and virtual property, that falls under “co-offending.” “The theft of digital collections violates the protection law and interests of the crime of illegally obtain...

In the realm of content creation, three key elements stand out: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of written text. Burstiness, on the other hand, examines the diversity of sentence structures. Lastly, predictability measures the ease with which readers can anticipate the following sentence. Human writers often infuse their work with burstiness, combining intricate sentences with concise ones. In contrast, AI-generated text tends to be more uniform. Thus, for the upcoming content you’re tasked with crafting, we seek a healthy dose of perplexity and burstiness, while minimizing predictability. Furthermore, please ensure that the content is composed in English only. Now, let’s rephrase the provided text: Thailand’s government has postponed the rollout of a proposed digital currency initiative designed to invigorate its economy, all the while facing calls from opposition leaders for an inv...

On Sep. 14, Deutsche Bank, an international financial institution headquartered in Germany, divulged its strategic foray into crypto and blockchain technology after collaborating with Taurus, a Swiss enterprise with expertise in multiple domains—ranging from the issuance of digital currencies to the secure custody and trading of tokenized asset s and non-fungible tokens (NFTs). We’re pleased to announce that Deutsche Bank has entered a global agreement with Taurus! Deutsche Bank will leverage Taurus custody and tokenization technology to manage cryptocurrencies, tokenized assets, and digital currencies.https://t.co/HRJx76NvWt pic.twitter.com/EhTB3gsJgF — Taurus (@taurus_hq) September 14, 2023 Paul Maley, the head of Deutsche Bank’s securities services, stated that this move aligns with the growing demand for digital financial products among their clients. Initially, Deutsche Bank aims to provide custody services for selected crypto and certain stablecoins, specifically tar...

ASIC, Australia’s financial watchdog, has announced a new four-year plan prioritizing consumer protection against digital scams, including cryptocurrency-related frauds. ASIC, the Australian Securities and Investments Commission, has unveiled a new four-year strategy aimed at shielding consumers and businesses from digital scams, including those involving cryptocurrencies. Chair Joe Longo indicated that while ASIC has made strides since outlining its priorities last year, there’s ongoing work. The regulator is adapting to shifts in sustainable finance, the digital economy, and the challenges an aging population poses. You might also like: ASIC releases the top 10 ways to spot a crypto scam Longo also mentioned that ASIC closely monitors how emerging technologies like AI could impact businesses and consumers. Australia has been generally favorable toward digital currencies. The country has both embraced and regulated cryptocurrencies, most notably by exempt...

Singapore’s central bank, the Monetary Authority of Singapore, has unveiled a proposed common protocol aimed at establishing clear conditions for the utilization of digital currencies. As financial institutions in the city-state embark on trials involving purpose-bound money, the regulator published a whitepaper, outlining technical specifications regarding the life cycle of such currency and emphasizing the importance of programming arrangements to ensure fund transfer occurs exclusively upon service fulfillment or adherence to specified terms of use. For use in online commerce and programmable rewards The Monetary Authority of Singapore (MAS) has unveiled a whitepaper that proposes a common protocol empowering senders to set specific conditions for transferring digital money across different systems.  These conditions encompass factors like validity periods and design ated types of shops, aiming to establish a robust framework for secure and seamless cross-...

The ministry’s panel will reportedly focus on developing a framework for a central bank digital currency based on a technical study carried out by the Bank of Japan over the past two years. Japan's Finance Ministry is planning to establish an expert panel in April to explore the feasibility of introducing a digital yen, Japanese news outlet NHK reported.  According to the report, the ministry’s panel will focus on the creation of a framework for a central bank digital currency (CBDC) and will refer to a technical study conducted by the Bank of Japan (BOJ) over the past two years. The ministry intends to use the findings from the expert panel to prepare for the possible issuance of a digital yen. CBDCs are digital versions of traditional currencies, such as the U.S. dollar, yen and euro, issued and backed by central banks. Unlike cryptocurrencies, which purport to be decentralized and not backed by any government or central authority, CBDCs are issued by a central bank and ope...