Private Equity Moris Beracha Wuani

By Ledger Insights Yesterday the International Bank for Reconstruction and Development (World Bank) and the Commonwealth Bank of Australia (CBA) announced that they’ve enabled the secondary trades of the World Bank’s bond-i bond to be recorded on a blockchain. Nine months ago CBA arranged the Blockchain Offered New Debt Instrument (bond-i) issuance of A$110 million (US $76m). It’s part of the World Bank’s annual $50-$60 billion bond issuance. “Enabling secondary trading [to be] recorded on the blockchain is a tremendous step forward towards enabling capital markets to leverage distributed ledger technologies for faster, more efficient, and more secure transactions,” said World Bank VP and Treasurer Jingdong Hua. “It speaks to the innovation and commitment of all our partners, including investors, that we were able to achieve this together.” The bond-i platform is a permissioned network with nodes in Sydney and Washington. It features automated bond auct...

By  Krystle M In Australia, there has recently been substantial debate over the regulations that need to govern cryptocurrency locally. This confusion ultimately led the authorities to issue clear regulations that would motivate growth of cryptocurrency, which much of the community was pleased with. However, the major banks in the country have maintained a cautious policy regarding bitcoin and cryptocurrency, considering the potential risk that these businesses bring to banks. Even so, there are multiple institutions allowing their customers to use their credit cards for cryptocurrency purchases, according to reports from Bitcoin.com. The second-largest back in Australia by capitalization, Westpac, commented that they do not prevent customers from making crypto asset purchases with their credit cards, with the stipulation that it has to coincide with “our legal obligations and terms and conditions.” These policies line up with the same requirements at Westpac-o...