By NewsDesk7
Ignazio Visco, Governor of the Bank of Italy, addressed the congress of Assiom Forex, the Italian financial markets association, on February 4th with an announcement that the Bank of Italy is actively exploring new ways to utilize distributed ledger technology (DLT) and is preparing for the impending Markets in Crypto-Assets (MiCA) regulation.
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At the StarkWare Sessions 2023, held in Tel Aviv, Israel, Stani Kulechov, the creator of the DeFi protocol Aave, addressed several challenges in the DeFi industry. During a fireside discussion called “DeFi: Resilience in the Face of Global Uncertainty,” Kulechov and Alex Cohen explored various issues, including the risks of DeFi in comparison to traditional finance (TradFi) and the potential for stablecoins to drive greater DeFi adoption.
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CoinShares, a European cryptocurrency investment firm, recently released its “Digital Asset Fund Flows Report” on February 6th. According to the report, investors are demonstrating an eagerness to get into digital asset investment products, with inflows amounting to $76 million in the previous week. This is the fourth week in a row that digital asset investment products have seen inflows.
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Hong Kong regulators are increasing their vigilance in overseeing the operations of the cryptocurrency sector. The Securities and Futures Commission plans to increase staff by four to enhance supervision of local virtual asset (VA) providers, as stated in a report filed on 6th February. The additional oversight aims to improve the assessment of compliance and risk, enabling retail investors to trade virtual assets on regulated platforms.
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