Crypto On LYO: The Blend — LYOPAY Crypto Visionary Live Summit, UAE Central Bank to Issue CBDC, Tax Payment in Crypto for Brazil Citizens, DBS Bank Crypto Trading in Hong Kong

What happened in the crypto world in the last week? Let’s see some interesting news together!

LYOPAY Crypto Visionary Live Summit

We are thrilled to announce Crypto Visionary Live Summit, an online crypto event dedicated to sharing with our community the latest updates about the LYOPAY Ecosystem joining with Zenit World, eager to showcase their innovative solutions to our respective communities.

The summit will be on February 19, 2023 at 12:00 (UTC+ 0). Take part in the online meeting by filling out the registration form here: live.lyopay.com

Live translations are available in Bengali, Croatian, French, German, Greek, Hindi, Italian, Japanese, Korean, Portuguese, Russian, Serbian, and Spanish.

Exciting news about LYOPAY’s products and services await! Register and reserve your slot now.

UAE Central Bank to Issue CBDC to Promote Digital Payments

The central bank of the United Arab Emirates (UAE) is planning to issue a central bank digital currency (CBDC) for domestic and cross-border payments as part of a new project to accelerate digital transformation.

The issuance of a digital version of the UAE’s dirham is one of nine initiatives of the central bank’s Financial Infrastructure Transformation Program, announced on Sunday.

The central bank highlighted that the program would promote digital transactions and enable the UAE’s competitiveness as a financial and digital payment hub.

Bank of Brazil Says Citizens Can Pay Taxes with Crypto

Banco do Brasil (BB), Brazil’s largest public bank, has enabled the payment of taxes with cryptocurrencies, the bank said in a statement on Friday.

The service is only available to customers with cryptocurrencies deposited with Bitfy, a startup specializing in blockchain solutions in which BB’s corporate venture capital arm has invested.

Other Bitfy clients – such as financial institutions and fintech companies – will also be able to allow their users to pay taxes and other obligations using the agreements signed by BB with various public service entities, the bank said.

DBS Bank to offer cryptocurrency trading in Hong Kong

Singapore state-owned megabank DBS Group is planning to expand its cryptocurrency services to Hong Kong as the Chinese territory pushes to become a digital asset hub.

DBS Bank plans to apply for a license to allow it to offer crypto trading services to Hong Kong customers, Bloomberg reported on Feb. 13.

“We are planning to apply for a license in Hong Kong so that the bank could sell digital assets to our Hong Kong customers,” DBS Bank Hong Kong CEO Sebastian Paredes said.

Paredes noted that DBS welcomes new crypto-related policies in Hong Kong and is also “very sensitive” to the risks associated with digital assets. The bank is willing to become one of the first lenders offering crypto in Hong Kong once the regulations are fully clear and DBS “understands exactly the framework,” he added.

Stay tuned for next week’s crypto news! Follow LYOPAY social media pages: