China strengthens its crypto offensive as institutional adoption grows globally

Source: CritpoTendencia Original Title: China strengthens its crypto offensive as institutional adoption grows globally Original Link: The People's Bank of China (PBoC) reiterated its tough stance on digital assets, warning once again that their use and trading remain illegal in the country. Following a meeting in Beijing with representatives from thirteen government agencies, the institution particularly alerted about the risks associated with stablecoins, in a context of renewed speculation with crypto assets.

Virtual currencies do not have the same legal status as fiat currencies, they lack legal tender status and should not and cannot be used as currency in the market, the central bank stated in a communiqué. The PBoC added that it will intensify actions against activities deemed illegal or criminal related to these assets.

Visa expands settlements with stablecoins in CEMEA through partnership with Aquanow

Visa announced a new partnership with crypto infrastructure provider Aquanow to extend its settlement services with stablecoins in Central and Eastern Europe, the Middle East, and Africa (CEMEA). According to both companies, the integration will allow issuers and acquirers in the network to settle transactions with assets such as USDC, operating 365 days a year and avoiding the usual delays of traditional banking systems.

Godfrey Sullivan, Director of Products and Solutions for CEMEA at Visa, emphasized that this initiative consolidates the company's modernization plan: our partnership with Aquanow is another key step to modernize payment systems, reduce reliance on traditional systems with multiple intermediaries, and prepare institutions for the future of money movement.

Nasdaq accelerates dealings with the SEC to launch tokenized stocks this year

Nasdaq has made it a priority to approve its proposal to offer tokenized versions of stocks listed on the U.S. stock exchange, as confirmed by Matt Savarese, head of digital asset strategy at the institution. In statements to CNBC, Savarese assured that they will advance as quickly as we can while waiting for the SEC to evaluate the filing made on September 8.

The executive explained that the process will depend on analyzing the reception of public comments and addressing regulatory inquiries: I believe we should thoroughly evaluate the reception of public comments and then respond to the SEC's questions as they arise. He added that they hope to collaborate with them as soon as possible.

Savarese also emphasized that the initiative does not intend to alter the traditional functioning of the stock market: Nasdaq is not disrupting the system, he said, after being asked if he expected other exchanges to follow the same path. The proposal aims to allow investors to buy and sell tokens that represent real shares, a technological evolution that the firm considers a natural step towards the modernization of the market.

MicroStrategy admits it could sell BTC only in an extreme scenario, according to its CEO

MicroStrategy does not plan to divest its BTC reserves, but its CEO, Phong Le, acknowledged that the company is considering a worst-case scenario in which that decision would be unavoidable. In a recent interview, Le explained that the sale would only occur if the company's shares fell below the net asset value and access to new capital was exhausted.

He explained that if the multiple of the net asset value (mNAV) fell below one, the operation would become mathematically necessary to protect the BTC yield per share. Even so, he insisted that the measure would be a last resort and not a change in strategy: I wouldn't want to be the company that sells BTC, he stated.

The executive recalled that the company's model is based on issuing shares when they trade at a premium over the net asset value and using those funds to acquire more BTC, thus increasing the holdings per share. In case of losing that premium, selling a part of the portfolio could be, according to Le, an acceptable option for shareholders if the issuance of new shares would generate greater dilution.