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Weekly News Roundup: 30/12

Welcome to our weekly news roundup, of headlines which caught our eye. We’ll bring you a weekly dose of some of the most interesting titles which have surfaced, with a particular focus on the topics of banking, crypto, banking as a service and beyond.
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This week’s roundup will feature titles on digital currency, investment in stocks and cash protection. Join us and Unlimit BaaS’ Managing Director, Jovi Overo in the exploration of some of the biggest headlines of our industry.

  • China is set to launch their first national NFT marketplace on Jan 1, 2023. The platform will act as a secondary market for the exchange of NFTs and digital asset copyrights, in aims to regulate the market movement. [source: Coin Telegraph]

Digital assets are a new form of commerce that require further refinement of laws, regulations, and supervisory policies in order to ensure proper industry supervision and regulation. – Jovi

  • Microsoft has pushed measures in efforts to protect their cloud ecosystems by modifying the terms of use for their cloud platform, Azure. Customers of the cloud platform will now we required to obtain authorisation from Microsoft before mining cryptocurrencies using Azure’s services. [source: The Paypers]

Microsoft’s efforts to protect their cloud ecosystems by modifying the terms of use for Azure is a positive step towards ensuring the security of their custom. – Jovi

  • HSBC has filed trademark applications with the United States Patent and Trademark Office. The application includes trademarking for a number of digital products and services, including NFTs, converting and storing digital currencies and the metaverse. [source: Bitcoin]

This is part of HSBC’s exploration into the potential of NFTs as part of its digital banking strategy. The bank is looking to use NFTs to create digital collectibles, such as art, music, and sports memorabilia, that customers can purchase and trade. The bank is also exploring the use of NFTs to tokenise physical assets, such as real estate, and to create digital identities for customers. This will be the new battlefield. – Jovi

See you next week, back in the blog for your next weekly news roundup.

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