DISCOVER

[Weekly Settlement] ISO 20022 Ecosystem News from 10/25/2021 to 10/31

Fennec

Yesterday’s curry was a huge success. Here’s a virtual currency news roundup.

Arai-san

Can a curry fail? Here’s a look back at each ISO 20022 related issue!

News Article – 33 incidents

10/25(Mon) – 5 incidents

$XDC

[forkast] China’s BSN launches service portal in Hong Kong, Macau with digiXnode

[Fintech News] How Will Hong Kong’s Digital Currency E-HKD Work?

I read the whitepaper and it looks like they are developing e-HKD based on the research results of Project LionRock, Inthanone-LionRock and mCBDC. There are some mentions of Enterprise Ethereum (Quorum) and Hyperledger Fabric, but the implementation is Corda.

$XLM

[Ledger Insights] Nigeria launches second largest CBDC pilot

eNaira is a CBDC built on Hyperledger Fabric by Stellar’s partner Bitt Inc’s Digital Currency Management System (DCMS), which can be integrated with any blockchain.

$WTK

[The Block] Mastercard and Bakkt roll out crypto tools for partner banks and fintech firms

[Crowdfund Insider] Bitcoin Boom. Mastercard to Allow Crypto Integration, Korean Teachers Credit Union Invests in Bitcoin

Mr. Anish Jain, Managing Director and Chief Executive Officer, was the Vice President of Market Development Operations at Mastercard. Mr. Ram Chari, Director and Group Director, was the CEO of MasterCard ElectraCard Services.

The fact that XinFin advisor André Casterman follows WadzPay on Twitter also seems credible. The fact that the words of Mastercard’s current CEO are quoted on WadzPay’s official website, I wonder if they are claiming that WadzPay will play that role. It looks like they have a very strong connection.

10/26(Tue) – 9 incidents

$AVAX

[Decrypt] DeFi Token Ampleforth Launches on Avalanche

[The Block] First tokenized lawsuit fund goes live on Republic, will distribute on Avalanche

I have a feeling that Tradifi-conscious DeFi like Avalanche / AllianceBlock / LCX(Fire Salamander) / Unizen / AAVE / Injective will be a very long-term investment.

$ETH

[forkast] Vitalik Buterin: Layer 2 is the future of Ethereum scaling

$USDC

[BeInCrypto] Sweeping US Stablecoin Regulations Inch Nearer

[Decrypt] Why Coinbase Lend Really Was Security Issuance

$XDC

[Ledger Insights] Partior’s blockchain governance explored. Roadmap includes CBDC

[Fintech News] Partior Pilots SGD and USD Settlements in Near Real Time With Participating Banks

[forkast] DBS, JPMorgan, Temasek-funded Partior goes live for cross-border transactions

Some of the most common projects we see in cross-border multi-DLT settlements are Onyx, Partior, Nexus, and mCBDC’s Project Dunbar, Project Jura, and mCBDC Bridge!

It’s all a different project. You may have seen the name JPM Coin, but that is the currency used in Onyx. An extension of Project Ubin is Partior, and Nexus is a project supported by the BIS Innovation Hub from the Monetary Authority of Singapore and the National Payments Corporation of India.

Dunbar involves the Monetary Authority of Singapore, the Reserve Bank of Australia, the Bank Negara Malaysia, and the South African Reserve Bank; Jura involves the Bank of France and the Swiss National Bank; and mCBDC Bridge involves the Hong Kong Monetary Authority, the Bank of Thailand, the People’s Bank of China, and the Central Bank of the UAE.

$XLM

[Crowdfund Insider] Stellar Development Foundation Reveals that Flutterwave has Introduced New Remittance Corridors

10/27(Wed) – 6 incidents

$ETH

[The Block] Ethereum DeFi protocol Cream Finance hacked for more than $130 million

[forkast] Spark Pool allows balance withdrawal as it phases out all domestic, international users

$XDC

[Ledger Insights] Citi-backed SETL open sources blockchain, interoperability solution

[PYMNTS] GLOBAL PAYMENTSBlockchain Platform Partior Begins Supporting Cross-Border Payments

[Global Trade Review] GLEIF joins forces with Contour to boost LEI adoption

If we implement LEI, we’ll be able to identify which company’s output message is the LEI identifier, which will increase the transparency of the transaction! Also, it will lead to mutual compatibility of communication between banks and companies, which is emphasized in ISO 20022. I wrote a bit about the LEI in this article.

$XRP

[forkast] Ripple launches first RippleNet ODL with Pyypl in the Middle East

10/28(Thu) – 6 incidents

$ETH

[Fintech News] A Look Into Switzerland’s Distributed Ledger Technology Act

It is an explanation of the Swiss DLT law. An area of Switzerland called Cryptovalley is the home of crypto assets. Of these, Zug is home to 400 companies, nearly half of the total number of companies in the Cryptovalley as of March 2021. The image below is a quote from CV VC(Crypto Valley Venture Capital).

This article from Fujitsu Journal explains how the Cryptovalley was formed, and this article from Fintech Switzerland gives an overview of the major companies. I want you to see it!

$DOT

[forkast] Polkadot founder Gavin Wood: Decentralization and security are not optional in the search for scalability

$HBAR

[forkast] DBS Bank first in Southeast Asia to join Hedera Governing Council

$LINK

[The Block] Mastercard CEO cites ‘massive services opportunity’ following acquisition of crypto analytics firm

CipherTrace’s main product, DeFi Compli, a compliance protection tool that focuses on AML (Anti Money Laundering), is made of Chainlink.

$QNT

[forkast] European Central Bank appoints 30 members to digital euro market advisory group

$XDC

[Crowdfund Insider] Accenture Acquires BCS Consulting to Enhance its UK Financial Services Consulting, Tech Solutions Business

This article about the Accenture acquisition is also easy to understand.

10/29(Fri) – 4 incidents

$DIEM

[forkast] Facebook changes its corporate name to Meta to build on metaverse vision

[Ledger Insights] Facebook’s Meta: It’s been tried before. Will social, NFTs make the difference?

$XDC

[forkast] China’s national standard for blockchain could be released next year: report

[forkast] China’s state-backed blockchain network plans to launch NFT infrastructure

R3’s partner, Red Date Technology, has stated that they plan to have a full infrastructure of non-replacement tokens (NFTs) up and running by the end of January 2022. NFT as a technology seems to be allowed in China as long as it is not associated with cryptocurrency.

It will be called “BSN-DDC (Distributed Digital Certificate)” instead of “NFT” for regulatory reasons, but this infrastructure will be almost the only way to access the market in compliance with local regulations. It seems that users can choose a platform from 10 different permission chains, but the specific chain names have not been disclosed.

Tezos, Cosmos, NEO, Nervos, EOS, IRISnet, Ethereum, and Chainlink are already integrated into the BSN. Enterprise blockchains include Corda, Quorum, Hyperledger Fabric, FISCO BCOS, CITA, and XuperChain (tentative). As of September 2020, the public chain is already localized and no longer available for virtual currency transactions.

10/30(Sat) – 2 incidents

$AAVE

[Decrypt] Behind the DeFi War of Words Between Aave and Yearn

$ETH

[Decrypt] Ethereum Gas Fees Have Risen 2,300% Since June

10/31(Sun) – 1 incidents

$XDC

[Crowdfund Insider] Monetary Authority of Singapore Announces Finalists for Global Fintech Hackcelerator

At the SG FinTech Festival, the world’s largest FinTech festival, Contour was selected as a finalist for the MAS-sponsored “2021 FinTech Awards”, as was Xfers, the company that built XSGD on Zilliqa.

Afterword

It was a job worth explaining. (accomplishment)

I’ve put together this article to help you decide which crypto currencies the news will affect and where to invest for the long term. I would like to make articles that do more than just satisfy my thirst for knowledge.

I’m ashamed of myself for feeling so self-satisfied, so accomplished! Fennec is still amazing!

You can give me more credit. (accomplishment)