Prix de BankBANK

The irony of putting your money in a bank to keep it safe.

KRW stablecoins might unlock Korea’s trillion-dollar securities market and @KaiaChain could play a role in it here’s the big idea: everyone’s focused on cross-border payments or DeFi yield when they hear “stablecoins.” but in Korea, there’s a far more overlooked (and massive) opportunity - tokenised securities. let’s break it down 👇 Korea is moving fast on security token infrastructure. however, there’s friction as settlement still happens off-chain via bank transfers, batch processing, and custodians. now add a KRW stablecoin into the mix and you'll have: ➪ onchain, real-time settlement ➪ automatic dividends and coupon payouts ➪ tokenised bonds, stocks, REITs (but composable) KRW stablecoins become the native money for a programmable capital market, and this is where @KaiaChain enters the frame Kaia isn’t just talking about stablecoins but they’re building the infrastructure to support them if tokenised securities are the endgame, then KRW stablecoins are the fuel, and $Kaia could be the chain that makes it all run these kind of developments are what Pill has set eyes on in the past few years - going to continue keeping watch on this what do you think about $KAIA's role and tokenised markets?

INDIAN RUPEE INCHES UP AGAINST US DOLLAR AFTER CENTRAL BANK KEEPS RATE UNCHANGED

SEC Project: Crypto Initiative and its role in promoting the integration of finance and blockchain. SEC Launches Project: Crypto — Integration of Finance and Blockchain 1. Overview of the Initiative The U.S. Securities and Exchange Commission (SEC) has officially announced "Project: Crypto", a forward-looking initiative designed to accelerate the integration of blockchain technology into traditional financial systems. The project aims to create a regulatory and technological environment where digital assets, distributed ledger technology (DLT), and existing financial frameworks can coexist efficiently and securely. Unlike past regulatory approaches that mainly focused on enforcement actions, this project adopts a proactive and collaborative framework. The SEC’s mission with Project: Crypto is to balance innovation with investor protection, ensuring that the benefits of blockchain adoption are not overshadowed by risks such as fraud, volatility, and misuse. 2. Key Objectives The primary objectives of Project: Crypto include: 1. Promoting Blockchain-Finance Convergence Encouraging banks, fintech firms, and exchanges to integrate blockchain-based settlement and transaction systems. Supporting interoperability between digital asset platforms and traditional payment networks. 2. Regulatory Clarity Establishing clear guidelines for token classifications (security tokens, utility tokens, and stablecoins). Simplifying compliance requirements for blockchain startups without undermining investor safety. 3. Market Infrastructure Enhancement Supporting blockchain solutions for settlement speed, transparency, and cross-border transactions. Encouraging tokenization of traditional assets such as bonds, stocks, and real estate. 4. Cybersecurity & Fraud Prevention Enhancing blockchain-based identity verification to prevent money laundering and scams. Deploying AI-powered monitoring systems for real-time fraud detection in crypto markets. 3. Expected Benefits Project: Crypto is expected to reshape the financial landscape by offering several key benefits: Faster Transactions — Blockchain-enabled settlements could reduce processing times from days to minutes. Lower Costs — Automation and smart contracts can cut operational expenses for banks and exchanges. Increased Transparency — Public ledgers provide immutable, auditable transaction histories. Global Accessibility — Digital assets can offer financial services to the unbanked population. New Investment Opportunities — Tokenization of assets will open markets to smaller investors. 4. Strategic Partnerships The SEC plans to collaborate with: Central banks to explore blockchain-based CBDCs (Central Bank Digital Currencies). Private fintech companies for blockchain infrastructure testing. Global regulators to harmonize cross-border crypto rules. Academic institutions for blockchain innovation research 5. Challenges and Risk Considerations Despite its promising vision, Project: Crypto must address: 1. Regulatory Overlap — Aligning definitions and rules across multiple agencies. 2. Volatility in Digital Assets — Managing investor exposure to high-risk crypto assets. 3. Cybersecurity Threats — Preventing hacking incidents that could undermine trust. 4. Technological Scalability — Ensuring blockchain networks can handle large-scale financial operations. 5. Global Policy Differences — Avoiding fragmented adoption due to varying international regulations. 6. Long-Term Vision The long-term goal of Project: Crypto is to: Establish a hybrid financial ecosystem where blockchain and traditional systems work seamlessly. Facilitate global blockchain-based capital markets that are secure, transparent, and inclusive. Position the U.S. as a leader in blockchain regulation and innovation. If implemented successfully, Project: Crypto could become the blueprint for next-generation financial infrastructure, driving a wave of innovation that redefines how assets are issued, traded, and stored 7. Conclusion The SEC’s Project: Crypto Initiative represents a paradigm shift in regulatory engagement with blockchain technology. By fostering collaboration, clear rules, and market-friendly innovation, the project seeks to unlock blockchain’s full potential while maintaining investor trust and systemic stability. This initiative’s success will depend on balanced regulation, industry participation, and international cooperation. If these elements align, finance could enter a new era of transparency, efficiency, and global accessibility — with blockchain as the central backbone.

🗞️ Need to catch up on the news? Here's our top 10 from today: 🔸 Binance co-founder CZ files request for dismissal from $1.8B FTX trust lawsuit, arguing US bankruptcy court lacks jurisdiction since he's a UAE resident and the claims lack extraterritorial application, per Bloomberg. 🔹 President Trump says the Fed governor decision will be made before the end of the week, and adds four people are being considered for Fed chair. 🔸 OpenAI releases their first open source AI model, GPT-OSS. 🔹 The US SEC says crypto liquid staking setups and receipt tokens are not considered as securities, a key signal for staking ETF issuers. 🔸 Brazil to conduct public hearing on August 20 on proposed national Bitcoin reserve. 🔹 Coinbase plans to raise $2B through convertible notes. Proceeds will help offset dilution and support tech, operations, and potential acquisitions. 🔸 Swiss AMINA Bank becomes the first in the world to support trading and custody for $SUI. 🔹 Michigan state pension buys 200k more shares of ARK’s Bitcoin ETF. 🔸 Coinbase now lets Canadian users buy and sell crypto using PayPal. 🔹 On his new EO, Trump says banks like JPMorgan and BofA previously discriminated against him and conservative groups.