JPMorgan Chase & Co has teamed up with Singapore-based DBS Bank Ltd and digital markets infrastructure operator Marketnode to do this. The project will explore the possibility of asset tokenization and DeFi using open interoperable networks.
The Russian Ministry of Finance completed an edited version of the bill on the regulation of relations on the Cryptocurrency market.
The fall of the ruble, the collapse of the stock market and restrictions on foreign exchange transactions are forcing us to look for new approaches to asset management. Cryptocurrency, a digital currency, could be a solution both for those who interact with foreign counterparties and for those who simply want to diversify risks.
According to analysts at investment bank JPMorgan, in the current cycle, the fair price of Bitcoin should be $38,000. That is, it should be about 38% higher than today’s values of the largest Cryptocurrency.
Indian authorities remain negative about digital currencies. Back in April, Nirmala Sitharaman, head of the country’s finance ministry, said that such instruments are mainly used by criminal structures.
In an interview with the Economic Times, Ray Dalio said that Bitcoin does resemble gold in that it has a clearly limited maximum reserve. However, it is unlikely that the central banks of various countries will actually use Bitcoin as a reserve asset:
In early April, the head of the National Bank of Georgia Koba Gvenetadze announced the legalization of operations with digital currencies.