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BIS Leads Successful Test of International CBDCs
In a joint initiative, the Bank for International Settlements (BIS) and the central banks of Switzerland, France and Singapore have wrapped up a test focused on the cross-border exchange and settlement of wholesale digital currencies issued by central banks. 
At the Intersekt 2023 fintech conference, top executives from Australian crypto firms addressed the growing concern of fraud in the sector. Their consensus? Educating users about scammers' tactics can drastically cut down on fraud incidents. Instead of simply responding to issues, the focus should be on proactive prevention. The discussion also pointed out that the responsibility for curbing crypto scams doesn't just fall on the crypto industry — it's shared by banks, social media platforms, and telecom companies as well. 
The recent debut of PayPal's stablecoin, PYUSD, has drawn concern from Congresswoman Maxine Waters. She criticized PayPal's entry into the cryptocurrency market without a defined federal regulatory structure.
Highlighting PayPal's vast clientele, which outnumbers the combined accounts of major banks, Waters stressed the pivotal role of federal oversight in crypto dealings:
"As I’ve said for more than a year, without legislation on the books that establishes clear and strong consumer protections at the Federal level, consumers are at greater risk of harm at the hands of bad actors." 
Brian Armstrong has expressed his belief that Binance has transferred some of their USDC assets to a different stablecoin, according to anonymous sources in Cointelegraph.
NotChaseColeman, an analyst, highlights that Binance and Justin Sun are strategically moving from USDT to USDC to secure USD, which will then be invested in FDUSD and TUSD (assets controlled by the company).
Adam Cochran, a name we're familiar with, weighed in, drawing attention to the activities associated with Binance addresses. He observed:
“Even with banks open in Asia and Europe and US coming online, USDT peg is off by the deepest sustained amount since the FTX fall out. Selling pressure once again coming in from the Binance.”
Adam thinks the uncertainty surrounding USDT is at an all-time high, and the Curve Finance and Uniswap platforms are overrun with USDT.
He was optimistic about a more promising USDT horizon today, but that seems to be deferred.
BTC has touched the 28,710 threshold. Indeed, Mondays have their unique trials. 
Bendigo Bank, one of Australia's leading banks, has decided to limit high-risk crypto payments to protect its customers from potential scams.
As a result, Bendigo Bank has become the fourth major bank in Australia to implement such security measures. However, the precise criteria used to block transactions remain unknown. 
The Evolution of XRP: From Shitcoin to Respected Investment
The saga of Ripple commenced in 2012 and has since gone through numerous transformations involving developmental changes, rebranding, structural modifications, and changes in ownership. Still, it continually attracted banks and traders. Yet, that was merely the beginning of the trials... 
Citing potential fraud risks, British banking titan Chase has chosen to halt cryptocurrency-related payments from October 16th.
"If we think you're making a payment related to crypto assets, we'll decline it," was the message relayed to clients via email.
The bank also emphasized that those intent on investing in cryptocurrencies have the liberty to switch to other banks or providers. 
The proposal to create a digital Euro by the European Union is facing academic skepticism, with some specialists forecasting its doom from the get-go.
Two economists from the University of Bern, Cyril Monnetm and Dirk Niepelt, have cited preset storage limits for users as a primary concern.
They also flagged the possible disinterest of banks in the digital Euro's success if it doesn't lead to significant revenue. Without the backing of commercial entities, they believe, widespread adoption might remain a distant dream. 
The purpose of this program is to impose restrictions on certain cryptocurrency-related activities and create a more level playing field for banks involved in serving the digital asset industry.
It which aims to ensure consistency in crypto-related regulations for all banks under Federal Reserve supervision.
The activities that fall under the purview include custody, lending, trading, issuance, and distribution of crypto, including stablecoins. 
Private banks in South Korea, Hana Bank and Woori Bank, have taken a keen interest in tokenized deposits, commonly known as Deposit Certificates or CDs.
CDs offer an alternative rooted in blockchain technology, serving as an equivalent to private stablecoins and Central Bank Digital Currencies (CBDCs).
Presently, it's being viewed as a potential substitute for customary notes and deposits without disrupting the existing banking system. 
How Privacy Coins Resist Regulatory Pressure
Anonymous cryptocurrencies are like a red cloth to a bull for regulators and central banks. Post 2017, almost all such privacy coins have experienced the pressurizing tactics of regulators, aiming to limit the confidentiality of transfers and the circulation of private crypto assets. EBA to Back Crypto Banks Under Certain Conditions
The European Banking Authority (EBA) has begun public consultations for amendments to the "Guidelines on money laundering and terrorist financing risk factors" while revealing future plans to work in concert with crypto-asset service providers (CASPs). JPMorgan and Indian Banks to Test Blockchain-based Settlements
JPMorgan Chase & Co., the leading global financial services firm, has unveiled a groundbreaking partnership with six prominent banks in India to deploy a pioneering blockchain-based solution for streamlining interbank dollar transactions in India's emerging international financial hub.