Crypto Biz: Telefónica Joins Helium Network, BIS Targets Tokenization, and More

THE Bank For International Regulations East move forward plans For global tokenization And central bank digital currencies In 2024.

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Central bank digital currencies (CBDC) And tokenization are among THE high priorities For THE Bank For International Regulations (BIS) In 2024. THE organization announcement on Jan. 23 that he East moving Before with THE second phase of essay For new technologies In another demonstration of cryptography based solutions increasing the integration with traditional banking.

THE BIS work program understand six new projects to focus on cyber security, financial crime, CBDC And Green finance. In the meantime, project Promise, A joint effort with THE Swiss National Bank And THE World Bank, will develop A digital platform For tokenized promissory Remarks. THE BIS goals has complete This proof of concept by early 2025.

Also manufacturing securities This week East THE crypto ready platform Nexo. THE business East while searching $3 billion In damage Since THE Bulgarian government due has failed criminal investigations. Nexo deposit A arbitration claim with THE International Center For Regulations of Investment Disputes (ICSID) In Washington, D.C., on Jan. 24.

THE dispute come After Bulgarian prosecutors abandoned their case against THE business In December 2023, quoting A lack of evidence has support charges do against four people following A raid on Nexo offices.

This weeks Cryptocurrency Business Also covers THE performance of place Bitcoin (BTC) exchange traded funds (AND F), Coinbase action downgrade, Telefonica Partnership with Helium Network In Mexico, And more.

J.P. Morgan downgrades Coinbase action has " underweight " following place Bitcoin ETFs approvals

Analysts For J.P. Morgan