Who is a Cryptobeaver?

 


Cryptobeaver is a playful and hardworking animal that symbolizes the characteristics of a strong and stable digital currency.
The Cryptobeaver is known for its efficiency, industriousness, and stability, just as the real beaver is known for building dams and creating stable ecosystems in the wild. Ccryptober can represent a safe, stable and efficient digital currency with low transaction fees and fast processing times.

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Hong Kong launches Project Ensemble to support tokenization with wCBDC

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 The HKMA’s latest CBDC project will look at tokenized deposits in tokenized asset transactions. The Hong Kong Monetary Authority (HKMA) will launch a project to create a new wholesale central bank digital currency (wCBDC) to support tokenization. Dubbed Project Ensemble, it could result in the issuance of a “live” CBDC if there is sufficient interest, the HKMA said in an announcement. The project will center around innovative infrastructure for interbank settlement using wCBDC. Its initial focus will be on tokenized deposits, that is, tokenized commercial bank money, for use in transactions with tokenized assets. The first step in the project will be the creation of a sandbox that will research and test:
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U.S. Regulators Can Influence Tether’s Offshore Usage: JPMorgan

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Tether’s (USDT) dominant position as the largest stablecoin faces regulatory challenges and risks from various authorities and jurisdictions as they seek to impose more transparency and compliance on stablecoins. The stablecoin is vulnerable due to its dependence on the American market and pending regulations. Despite Tether’s headquarters not being based in the U.S., regulators can exert influence over its offshore usage through the Office of Foreign Assets Control (OFAC), JPMorgan (JPM) said in a research report Thursday. 
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Unlicensed crypto exchanges face shutdown in Hong Kong

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 Hong Kong’s financial regulator has issued a warning to cryptocurrency exchanges: obtain a license or shut down. The Securities and Futures Commission (SFC) said that all crypto trading platforms operating in the city must apply for a license by the end of the month. All exchanges that fail to do so will be shut down by May 31. The SFC’s ultimatum is part of a broader effort to bring cryptocurrency trading into the regulatory fold. Last June, Hong Kong opened up a licensing regime for crypto exchanges as part of the city’s plans to develop its market into a regional digital assets hub.
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