Frankfurt, Germany, is the stage for this demonstration, a city where bankers look serious enough to invest in a small fortune of espresso and still manage to look like they’re about to solve the world’s supply-chain woes with a spreadsheet. The claim is that public or permissioned blockchains can be accessed without tearing out the core infrastructure, since ISO 20022 messages from Swift can spark on-chain actions via CRE.
Midnight 🤝 @googlecloud
The @midnightfdn, in a move so bold it could make a Victorian gasp, is now twirling with Google Cloud to “accelerate privacy-first infrastructure.” Because nothing says “trust” like handing your secrets to a company that once thought “don’t be evil” was a suggestion. 🕶️✨
Google Cloud will:…
Asset managers have been dancing the regulatory tango with the SEC, revising their S-1 forms with all the enthusiasm of a dwarf filing paperwork. 📑 But a shutdown? That’s like a troll sitting on the paperwork pile. Nothing’s moving, folks. 🧌
Payments giant Stripe, in a dazzling New York showcase, has decided to marry stablecoins and AI commerce. Because nothing says “innovation” like tying payments to digital dollars and algorithms that may or may not understand sarcasm. 🎩✨
Such an event would spark greater economic uncertainty, creating a risk-off environment toward more speculative markets like crypto. The sector may also experience delays in regulatory decisions at the hands of federal regulators like the SEC. 🤯
The True Comedy Unfolds
Whispers from the corridors of power, as reported by the ever-vigilant Bloomberg, reveal that this idea sprouted from the fertile minds of the European Systemic Risk Board (ESRB). Last week, they proposed to ban these “multi-issuance” stablecoins, a term as cumbersome as the regulation itself. Though not yet law, the suggestion has been nodded to by the grandees of banking and the mandarins of the EU. Local authorities, it seems, are now faced with a choice: to ban or to explain. A choice, one might add, as pleasant as choosing between a rock and a hard place. 🪨🌍
The global initiative aims to define shared standards for artificial intelligence grounded in live, verifiable data. Grounded? How pedestrian. One would think AI could at least pretend to float on clouds of data for a while before crashing back to Earth.
According to Chainlink’s manifesto, UBS’s systems dutifully spat out ISO 20022-compliant messages into the SWIFT void, where CRE transformed them into on-chain “instructions.” These commands, like digital homunculi, now birth or destroy tokens in smart contracts, sparing institutions the indignity of updating their 1980s-era key management systems. A triumph of convenience, or a surrender to inertia? 🤷♂️
Turkey is preparing to expand the powers of its Financial Crimes Investigation Board (Masak) to freeze and restrict access to bank and crypto accounts, part of a broader effort to combat money laundering and financial crime. The government plans to introduce the proposed measures in the 11th judicial reform package. However, it has not announced a specific timeline. 🎩💰
