The World prepares for a major switch to digitalisation in the financial space. This is a unique stepping stone and speeds up the process, concluding wholesale use of CBDC in cross-border transactions.

Save Whales & Dolphins Worldwide by making a donation to https://uk.whales.org/support/donate/

You can also support our channel by using our Wallet referral codes below:
#Klever (KLV) Wallet – https://bit.ly/3kubNHv – Referral Code: REQ57L
Join #Kucoin – https://bit.ly/3hFMlwN with our Referral code: rJMWLUF
Join #Crypto.com – $25 Sign Up Bonus – https://bit.ly/3CilsXC
Join #Gate.io – https://bit.ly/3AiVbrH
Join Binance – https://bit.ly/3Et7ap5
Get discounts on a Diploma in #Blockchain & #Cryptocurrency – Head to https://www.oneeducation.org.uk/ and use our Referral Code: ONEWOW

SOCIAL MEDIA
Join us on Twitter – https://twitter.com/Whales0fWallSt
Join us on Instagram – whalesofwallstreet
Our CoinMarketCap Watchlist – https://coinmarketcap.com/watchlist/5fffb8b56079410012904ea7

#crypto #cryptocurrency #cryptonews #cryptocurrencynews #altcoin #altcoins

WARNING: We are NOT financial advisers. None of what we have communicated verbally or in writing here should be considered as financial advice. We suggest that you do your own research before investing in any digital asset, and understand that investing in any cryptocurrency asset is risky. If you do decide to, you need to be prepared to lose your entire investment. #DYOR

The Federal Reserve Bank of New York’s Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) will launch a joint experiment with wholesale central bank digital currencies (wCBDCs).

Regulators are keen to test the wCBDCs potential for cross-border wholesale payments. 

The MAS announced the launch of Project Cedar Phase II x Ubin+.

In its framework, NYIC and MAS will leverage wCBDCs as a settlement asset in cross-border cross-currency transactions.

The aim is to assess the possible ability of wCBDC to reduce settlement risk.

Project Cedar complements the Boston Fed’s work on a retail CBDC in Project Hamilton, being conducted in conjunction with the Massachusetts Institute of Technology’s Digital Currency Initiative.

Ubin+ is MAS’ international initiative to improve efficiency and reduce the risks of cross-border foreign exchange settlement by advancing cross-border connectivity and interoperability of wholesale digital currencies.

The Fed still has no plans to issue a CBDC, Executive Vice President, and Head of Markets, Michelle Neal said at a presentation in Singapore, but it has investigated foreign exchange spot settlement “from the perspective of the Federal Reserve.”

#crypto #plato #data #intelligence #ai #web3 #cryptocurrency #exchange #tokens #market #billion #bullet #point #bulletins #convergence #shorts #technology #humanity #money #fintech #gateway #ny #nyic #nyfed #federal #reserve #monetary #authority #singapore #mas #funds #transfer #cross #border #crossborder #international #ubin #interoperability #wholesale #digital #mit #massachusetts #institute #technology #project #cedar #phase #one #initiative #cbdc

Bullet Point Bulletins is powered by Plato Data Intelligence. dApps, Data Intelligence, and more financial data & tools – all accessible in one single, and secure interface. www.platodata.ai

We Make Industry-Data Your Strongest Ally

Web3 Browser

Privacy Wallet

bTLD Domain

Plato identifies and organizes both public and private data sources that makes accessing this information faster and more efficient. By layering information with highly contextual and validated data sets, we create an authentic and value driven user experience.

Web3 Reimagined. DefiX.

Plato is Changing the Way We Connect to Web3 Applications

The most powerful way to harness Web3 data intelligence
Our network exists to distribute data intelligence in a personalized, secure, and private way

Plato is a Showcase for Industry Innovation

Vertically Focused
Ai-Powered insights and analytics on the verticals & sectors we cover. Scalable. Authentic. Decentralized.

Plato Privacy Search
Plato optimizes data intelligence from vetted sources through an intuitive and immersive user experience.

Web3 Private Search Engine & Browser

Plato’s search engine and private view let you re-take control of your online privacy. It’s a safer way to browse Web3 without data collection, cookie-tracking, and targeting.

Faster Insights Into Your Industry
Our network exists to distribute content in a secured and efficient way by separating signal from noise.

Plato Data Engine
Our data engine utilizes the latest in ML to provide deep sector data through vetted sources, eliminating the need to go to multiple sites and applications.

Plato Framework
The modularity of our framework allows us to implement new data streams and rapidly deploy apps to drive consumption and engagement.

Vertical Search & Ai
Plato is a vertical search platform that uses AI to optimize data curation from multiple verified sources that are specific to today’s most active technology sectors.

DAAS / Sectors
Plato drives both discovery and connectivity across multiple sectors, including things like Aerospace, AI, Big Data, Blockchain, Ecommerce, ESports, Gaming, Venture Capital, SAAS, and more

Multilingual Support
To ensure availability of relevant data for all our users, Plato has been developed to be accessible and indexed across 27 languages, making true conversational search a reality.

PlatoAiStream
Plato’s Ai and advanced automation curates the lates sector intelligence with insights into the people, companies and culture today’s innovation economy.

Data Intelligence At Your Fingertips

dApps, Data Intelligence, and more financial data & tools all accessible in one single and secure interface.

Register For Free At PlatoData.AI

On our next livestream:
38:58 This Could Be Worse Than Central Bank Digital Currencies – CBDCs
As I was searching out the digital dollar under going testing I came across a term I have never heard about. I think this is a term many of you have never heard about. As I looked into it, this has the potential to be even worse than a digital dollar or any central bank digital currency. In no way am I an expert in the topic we’ll look at and I need your help. Please join the next livestream to know what else may be coming our way.

Before that we’ll take a look at a few things Francis Hunt said from his past interview. We’ll also take a look at a couple items from Gerald Celente’s Trends Journal and some current news and events from Twitter. Please join me Sunday night November 27th at 9pm Eastern, Monday morning November 28th at 10am Singapore. See you then!

If you have a 401K, Self-Directed IRA, Superannuation fund, or other retire accounts, now is the time to consider rolling it over into a precious metals IRA. Email me at [email protected] and I’ll help you to learn how to set up a precious metals retirement account. It’s easier than you think and yes the precious metals in your IRA can be stored in Singapore.

#Silver and #Gold accumulating, could be no more urgent than now. When you look at current events, markets, and where central banks are taking us, understanding wealth protection and getting hold of gold and silver as stores of value, and as an insurance, becomes extremely important. Come see what we can do for you at https://www.silverbullion.com.sg in #Singapore.

If you have concerns about what is going on around you, send us an email at [email protected] and we’ll let you know what options we have available for wealth protection for you.

The International Regulatory Strategy Group (IRSG) have published ‘The Use of Central Bank Digital Currencies (CBDCs) in Wholesale Markets’.

This event accompanied the launch of the report, which identifies a number of recommendations, underpinning how jurisdictions and practitioners can progress the development of CBDC regulatory frameworks in the wholesale space over the next couple of years.

The event features opening remarks from Dr Kay Swinburne, Vice Chair of Financial Services, KPMG and Chair of the IRSG, a presentation of the report by Diego Ballon Ossio, Senior Associate, Clifford Chance LLP and a panel discussion chaired by Antony Manchester, Chair of the IRSG Global Regulatory Coherence Committee; Managing Director, UK Public Policy, BlackRock.

Panellists –
�� Caroline Meinertz, Partner, Clifford Chance LLP
�� Oliver Sigrist, Advisor, BIS Innovation Hub
�� Kunal Jhanji, Managing Director and Partner, London, Boston Consulting Group
�� Josh Lipsky, Senior Director, GeoEconomics Center, Atlantic Council

Read the report now: https://www.irsg.co.uk/publications/irsg-report-the-use-of-central-bank-digital-currencies-cbdcs-in-wholesale-markets-2/