Daily Archives: 08/04/2021

Court Allowed Ripple Access To SEC Internal Cryptocurrency Materials

Ripple has gained access to internal SEC documents, in which the department expresses its views on the nature and regulation of crypto assets. Ripple still intends to prove XRP is not a security. Last December, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and its co-founders, accusing them of a $ 1.3 billion sale of unregistered securities in 2013. Ripple has denied the agency’s accusations, urging the Commission to elaborate on…

Tech Mahindra develops a tool for banking settlements in stablecoins

Indian technology company Tech Mahindra is working with the Quantoz incubator to develop a new service that will allow banks and financial institutions to settle in stablecoins. Tech Mahindra announced that it has entered into an agreement with the Dutch blockchain-based application incubator Quantoz to jointly develop a tool to integrate stablecoins into banking infrastructure. The tool is intended not only for banks, but also for firms operating in the financial sector. According to the…