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Latest Results from /markets

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FSB says many current stablecoins will not meet future regulatory standards

The Financial Stability Board has warned that many existing stablecoins would fail to pass muster under new risk management rules currently being formulated.

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US jury convicts Russian in $90m hack-to-trade conspiracy

A Russian businessman has been convicted in the US for his part in a scheme that netted $90 million through securities trades based on non-public information stolen from computer networks.

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FSB steps up investigation into DeFi risks

The Financial Stability Board is stepping up its investigation into the opaque world of decentralised Finance (DeFi), fearful of the potential for spill over risks to traditional finance.

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European exchanges form consolidated tape joint venture

Fourteen European exchanges have formed a joint venture company to participate in the future selection process for the provision of a consolidated tape (CT) for equities in the European Union.

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UK provides legal clarity on issuance of digital securities via blockchain

LawtechUK, a government-backed and industry-led group tasked with promoting the use of English law and the UK’s jurisdictions in the context of novel technologies, has determined that the UK legal framework is fit for purpose in relation to the issue of digital securities.

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SEC finalises rules for move to T+1

The Securities and Exchange Commission has finalised rule changes to cut the settlement cycle to one business day in order to reduce risks in the clearance and settlement of securities.

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Nomura invests in 'Hybrid Finance' startup Infinity

Nomura's digital assets subsidiary, Laser Digital, has invested in Infinity, a decentralized finance (DeFi) protocol for institutional lending and borrowing.

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DBS benefits from flight to safety by institutional crypto investors

The downturn in crypto values and multiple scandals has led to a boom in bitcoin trading at Singapore's DBS Bank, which saw volumes grow by 80% on its Digital Exchange (DDEx).

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India's PhonePe raises $100m at $12bn valuation

Weeks after a $350 million raise, Indian digital payment platform PhonePe has secured another $100 million in funding at a $12 billion valuation.

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Banks lead $65 million investment in crypto-infrastructure firm Taurus

Credit Suisse has led a $65 million Series B round in Swiss crypto infrastructure provider Taurus, with participation from other major financial institutions.

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Deutsche Börse selects Google Cloud to underpin digital asset business

Deutsche Börse has selected Google Cloud to provide the backbone for a new digital asset business platform that will aim to establish an institutional-grade ecosystem for crypto trading.

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NextGen Nordics: Highlights since our last Nordic event

As we prepare for our upcoming NextGen Nordics conference on the 25th of April in Stockholm, we are publishing a series of ‘Sneak peeks’, which will take a dive into some of the topics and speakers covered at the event.