Tag: Plans

UK Scraps Mandatory Digital ID Plans as Crypto Privacy Tech Gains Ground

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The United Kingdom’s Prime Minister Keir Starmer’s government has dropped plans to make a centralized digital ID mandatory for workers, softening a flagship policy that would have required every employee to prove their right to work via a government‑issued credential rather than traditional documents like passports.  The move follows months of backlash from critics, including UK Member of Parliament Rupert Lowe, Reform UK Leader Nigel Farage and other cross‑party politicians, civil liberties groups and campaigners.  Opponents warned it risked building an “Orwellian nightmare,” centralizing sensitive data in a honeypot vulnerable…

Standard Chartered plans to launch crypto prime brokerage under its VC unit

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Key Takeaways Standard Chartered is planning to launch a crypto prime brokerage under its venture capital arm, SC Ventures. The brokerage aims to serve institutional clients with services like custody, financing, trading, and clearing for digital assets. Share this article Standard Chartered, the leading British multinational bank, is considering launching a crypto prime brokerage that would sit under the bank’s venture capital unit, SC Ventures, Bloomberg reported Monday, citing people with knowledge of the plan. Talks about the proposed service are still preliminary, and plans have yet to be finalized,…

‘We Still Plan to Remain Private‘ Says Ripple President on IPO Plans

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The reiteration of the payment company‘s plans not to pursue a public offering followed a $500 million fundraise in November, leading to a $40 billion valuation for Ripple. Ripple Labs president Monica Long has ruled out an IPO for the company, saying it was in a “really healthy position” without going public. In a Tuesday interview with Bloomberg, Long addressed rumors that Ripple was planning to go public after the company reached a $40 billion valuation in November. The Ripple president said the company was focused on growth following the…

JPMorgan plans to issue JPM Coin on Canton Network

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Key Takeaways JPMorgan and Digital Asset collaborate to launch JPM Coin on the Canton Network. JPM Coin is a USD-denominated deposit token designed for institutional finance. Share this article Digital Asset and Kinexys by J.P. Morgan have announced their intent to issue JPM Coin on the Canton Network. Launched on Base in late 2025, JPM Coin (ticker: JPMD) is aimed at enabling instant, 24/7 global settlements for institutional clients, addressing the limitations of traditional banking hours and multi-day settlement delays. The expansion into the Canton Network enables JPM Coin to…

How the UK Plans to Regulate Crypto Like Traditional Finance

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Key takeaways The UK plans to bring cryptocurrency within the financial services perimeter by October 2027, shifting toward a structured regulatory regime. The Financial Conduct Authority has launched consultations to define standards and requirements for crypto firms, with final rules expected in 2026. The new framework marks a move away from basic Anti-Money Laundering registration toward a detailed licensing system that mirrors traditional financial products. Separately, the government has launched an independent review into foreign financial interference, which could lead to future restrictions on the use of cryptocurrency for UK…

Bitcoin miner Cango plans $10.5M capital raise from major shareholder

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Key Takeaways Cango Inc. plans to issue 7 million Class B ordinary shares to Enduring Wealth Capital Limited for a total purchase price of $10.5 million. The move would expand EWCL’s voting influence, increasing it to nearly half of the company’s total voting power. Share this article Cango Inc., a China-based automotive services platform turned Bitcoin miner, announced Monday a proposed $10.5 million investment from Enduring Wealth Capital Limited (EWCL) through the issuance of 7 million Class B ordinary shares. With the new shares, EWCL’s stake would rise to nearly…

Canton Token Rises Around 25% after DTCC Outlines Tokenized Treasury Plans

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Canton Coin has climbed about 27% over the past week, Cointelegraph data shows, outpacing the broader cryptocurrency market as traders reacted to fresh signals of institutional adoption. The gains follow a Dec. 17 announcement from the Depository Trust & Clearing Corporation (DTCC) outlining plans to tokenize a portion of US Treasury securities held at its Depository Trust Company subsidiary on the Canton Network. DTCC operates post-trade infrastructure for US securities markets, with its subsidiaries processing about $3.7 quadrillion in securities transactions last year. Canton Coin price over past 7 days.…

Solana treasury Upexi plans $1B capital raise to support operations and investments

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Key Takeaways Upexi seeks to raise up to $1 billion by offering various securities to support operations and investment plans. A significant portion of Upexi’s balance sheet is allocated to staked Solana assets through its digital asset treasury program. Share this article Upexi, a Solana-focused treasury company, plans to establish a shelf registration authorizing up to $1 billion in potential securities offerings, according to a recent SEC disclosure. The filing covers common and preferred stock, debt securities, warrants, and units, which may be issued over time. Upexi stated that net…

Brazil’s main stock exchange plans to roll out tokenization platform and stablecoin in 2026

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Key Takeaways Brazil’s main stock exchange B3 will launch a tokenization platform and stablecoin in 2026. The move signals B3’s strategic expansion into blockchain-based digital asset infrastructure. Share this article Brazil’s main stock exchange B3 plans to roll out a stablecoin and a tokenized depository next year, said Luiz Masagão, VP of Products and Clients, at B3 Day 2025. B3 will use its stablecoin and depository as pillars of a unified tokenized asset strategy. The platform will integrate with traditional systems so transactions can move across both environments. “The great…

Ripple plans 2026 launch of RLUSD on Base and Optimism via Wormhole bridge

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Key Takeaways Ripple plans to bring RLUSD to multiple Ethereum L2s through Wormhole’s cross-chain messaging protocol. The expansion will include Optimism, Base, Ink Chain, and Unichain, with rollout expected in 2026. Share this article Ripple plans to expand its RLUSD stablecoin to multiple Ethereum layer 2 networks using Wormhole’s Native Token Transfers (NTT) standard, the company said on Monday. The expansion will bring RLUSD to Optimism, Base, Ink Chain, and Unichain, with availability slated for 2026. The move would make RLUSD one of the first U.S.-based trust-regulated stablecoins to integrate…