The deal, which was expected to complete later this year, was called off by a mutual agreement, according to report.
Instagram could lower the barrier for entry to the NFT market, the report said.
Bank Leumi is offering this service in partnership with New York-based custody and trading platform Paxos.
The BCH reiterated, though, that it continues with “the study and conceptual, technical and legal analysis” to determine the feasibility of issuing its own central bank digital currency (CBDC), which would be recognized as legal tender in the country.
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Utrust, a Portugal-based on-chain crypto payments firm, has received a license from the Portuguese central bank (Banco de Portugal) to operate as a virtual asset service provider, Nuno Correia, Utrust co-founder and chief strategy officer, told CoinDesk on Wednesday.
The oil-rich kingdom has been making moves to strengthen its domestic crypto industry.
The draft rules would prevent Israeli banks applying a blanket ban on fiat deposits originating from crypto activities.
The initiative received 47 project proposals from Brazil, Germany, the U.S., Israel, Mexico, Portugal, the U.K. and Sweden, the central bank said in a statement on Thursday, noting that it is seeking to evaluate use cases for a CBDC and assess its technological feasibility.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part […]