Crypto Market Highlights November 27, 2021

Canada and Tanzania CBDC Plans, NFT Celebrity Concierge Service, and many other crypto market highlights compiled over the past 24 hours.

Crypto Market Highlights: CBDC. news

The Canadian banks are CD according to a new report from the Howe Institute.

Tanzania plans to launch its own digital currency after similar decisions in several emerging markets, including Nigeria, the first country in Africa to take the move, Bloomberg reported. The governor of the Bank of Tanzania, Florens Luoga, says the country is making sure that it does not fall behind when it comes to such innovations.

Highlights of the crypto market: News about new products and services

Cryptocurrency payment company MoonPay has quietly launched a new “concierge service” to help celebrities and the super-rich purchase non-fungible tokens (NFTs) and cryptocurrencies. TV host Jimmy Fallon stated that during an interview with digital artist Beeple, he used MoonPay’s service to get an NFT clip.

The financial services company Fintonia has launched its Fintonia Bitcoin Physical Fund and the Fintonia Secured Return Fund in Singapore, according to Fund Selector Asia. Bitcoin (BTC) assets in the fund are secured by a licensed and insured custodian with experience in the security and technology of crypto / digital assets and a fund manager appointed by the Singapore Currency Regulator (MAS).

The digital asset manager Arcane Crypto will apply for a double listing with OTCQB, a US exchange market operated by the OTC Markets Group for securities that are not listed on a national stock exchange. They expect their listing to be approved in the first quarter of 2022, after which the securities will be available to all U.S. investors.

Crypto Market Highlights: Regulatory News

The Australian Taxation Office (ATO) has said it cannot rely on crypto investors to track crypto transactions and their profits, even though most investors are doing their best. ATO Commissioner Chris Jordan stressed that many new crypto investors may not fully understand their tax reporting obligations and that the ATO has been looking for ways to “push” people in the right direction, such as returning to keep crypto users at it to remember to report their investments.

The UK Law Commission has stated that England and Wales do not need any legal reforms for smart legal contracts in the digital asset space as they are allowed within the current regulatory framework in England and Wales. The agency recommends only “incremental development of common law” as required for existing frameworks, but also encourages each party to a smart contract to explain the risks associated with the “performance of code” and any other permissions required.

Crypto Market Highlights: DeFi News

Platform for decentralized applications (dApp) DappRadar repositions a comprehensive dApp store called The World’s Dapp Store. The company also announced plans to launch its native RADAR token, which will help the company with decentralization going forward.

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