MDX is reportedly in the process of obtaining a securities license to promote a multilateral trading platform that will introduce a secondary market for digital assets trading. MDX founder and executive chairman Rick Klink said that the “move to the Maltese Stock Exchange means that we are now physically positioned to be at the heart of the next wave of institutional financial innovation.”
Germany has recently consulted leading industrial groups and companies to become stakeholders in the country’s blockchain development projects.
A privately promoted city in Norway going by the ideals of Anarcho Capitalism has announced the development of its native cryptocurrency for local transactions. The city already has a blockchain-powered smart city platform facilitating its citizens and now its native cryptocurrency is also launched for good measure.
Elon Musk has maintained that cryptocurrencies provide a far better method to transfer value than “pieces of paper”. He expressed his views in an interview on advisory services firm ARK Invest’s podcast.
The role of central bank digital currencies (CBDCs) in the present monetary system is being re-examined by the Bank of Japan (BoJ). The central bank summarized the findings in a comprehensive report published after previous negative opinion of CBDCs by the bank last year.
Previously, in December 2018, it was reported that draft proposals have been issued by the central bank to potentially license and regulate virtual assets and services. However, the prospective framework is still in the consultation process. Therefore, in the meantime, the new sandbox approach will allow companies in the sector to work without fear of regulatory backlash. It will remain functional for nine months and should be considered as a trial, noted the report