Italian bank Banca Generali will begin offering Bitcoin services to its thousands of clients thanks to a partnership with the Conio platform. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍Banca Generali partners with the Conio platform to offer Bitcoin services to its thousands of clients. Italian bank Banca Generali will allow its clients to buy, sell and store bitcoins directly through a partnership with financial services company Conio. Banca Generali, which manages a portfolio of more than $87.000 billion in assets, will facilitate bitcoin trading and management options through its mobile app.
Since the end of 2020, Banca Generali has been preparing its entry into the world of Bitcoin and cryptocurrencies. In December of that year, announced its partnership with the US company to offer trading services with cryptoassets, in order to support the company's growth and offer a broader range of products and services to its clients.
NFT and DeFi Markets
📍Samsung opens the doors to NFTs through its latest generation televisions. The high demand for the NFT has led Samsung to develop a new feature that will allow its users to explore the potential of non-fungible tokens from the comfort of their home. According to reported According to the company, it will be possible to view, buy, sell and trade NFTs from Samsung's new smart TVs. The new functions will be integrated into Samsung's Micro LED, Neo QLED and Lifestyle smart TVs.
In addition to integrating NFTs into its new Smart TVs, Samsung is adopting blockchain technology to combat climate change. In a release Recently, the company reported that it will reduce its carbon footprint by contributing to the reforestation of Madagascar with the planting of 2 million trees, using blockchain to ensure efficiency.
📍Trading volume on Opensea exceeds $255 million on Monday. According to data According to Dune Analytics, the most popular NFT marketplace in the crypto industry had its best day in the last 4 months this Monday, reaching a trading volume of $255,8 million. The demand and frenzy for NFTs does not seem to slow down this year. In the three days that have passed in 2022, the volume of operations carried out on Opensea exceeds $668,8 million.
Source: Dune Analytics
CBDC and Central Banks
📍Bank of Jamaica successfully completes CBDC pilot program. Jamaica Information Service revealed recently that the Central Bank of the country has successfully completed the pilot program of CBDC which began in March 2021 in collaboration with eCurrency Mint Inc. During the pilot program, the Bank of Jamaica issued its prototype digital currency, utilizing wallet provider services to distribute a total of 1 million CBDC coins to its staff. The Bank also issued CBDC worth JMD $5 million (about US$36.000) to the NCB (National Commercial Bank), marking the first issuance of a central bank digital currency to a financial institution in the country.
📍Mexico rejects cryptocurrencies but embraces CBDCs. The Bank of Mexico, the country's central bank, announced that it will launch a CBDC digital currency by 2024, although it maintains its stance against cryptocurrencies such as Bitcoin. The central bank recognized the importance of new technologies such as blockchain to strengthen and optimize its payment infrastructure and promote financial inclusion.
Rules and Regulations
📍Betting platform Polymarket receives CFTC fine. Polymarket, a betting platform built on the blockchain Ethereum blockchain, the world’s largest cryptocurrency exchange, was fined $1,4 million by the United States Commodity Futures Trading Commission (CFTC). According to the regulator, the platform has violated current laws by offering “off-exchange event-based binary options contracts” without being designated a trading exchange (DCM) or having the corresponding registration as a trade execution facility (SEF). In addition to the penalty, the betting platform must suspend unregistered betting services by the 14th of this month, the financial regulator indicated.
📍Peruvian regulators prepare to oversee Bitcoin and cryptocurrency markets. Peruvian parliamentarian José Elías Ávalos has presented a bill to regulate the crypto industry in the country. bill, available on the official website of the Peruvian Congress, sets out the need to establish a clear regulatory framework for the trade and negotiation of Bitcoin and cryptocurrencies.
The Cryptoasset Marketing Framework Law will oversee companies and entities that offer financial services for trading and exchanging digital assets in the country. Through this law, currently under discussion for possible approval, the government wants to establish a public registry of service providers with cryptoassets, as well as monitor the operations carried out to determine any illicit or suspicious activity. The Cryptoasset Marketing Framework Law establishes that the use of cryptocurrencies is the sole responsibility of their owners and users.
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