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Singapore and Switzerland Co-Organise Point Zero Forum to Discuss Innovation in Digital Financial Technology

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The Swiss Secretariat for International Finance (SIF) and Elevandi, today announced the launch of the inaugural Point Zero Forum, to be held on June 21-23 in Zurich, Switzerland. This in-person event will provide a platform for global leaders across the public and private sectors to drive the meaningful exchange of ideas and knowledge to advance FinTech and Web3.0 in the digital economy. Key topics of discussion include advances in Decentralised Finance, Embedded and Open Finance and Sustainable Finance, implications for policymakers, and opportunities for FinTechs.

The three-day Forum is organised in cooperation with the BIS Innovation Hub, the Monetary Authority of Singapore (MAS), and the Swiss National Bank (SNB). The Forum will also be supported by Finance.Swiss, Milken Institute and Switzerland Global Enterprise.

The inaugural forum will be jointly opened by Singapore’s Deputy Prime Minister and Coordinating Minister for Economic Policies, Heng Swee Keat and Switzerland’s Federal Councillor and the Head of the Federal Department of Finance, Ueli Maurer.

Mr Heng said,

“Digital technology has tremendous potential to change the world for the better, especially through finance. To unlock this potential, we must find new ways to collaborate, and partner one another to tackle key global challenges and ride the new wave of opportunities. Singapore and Switzerland have worked together to organise the inaugural Point Zero Forum, bringing together global technologists, financial institutions and regulators. Through this Forum, we can add to the global FinTech momentum and strengthen the global movement for innovation and change.”

Mr Maurer said,

“As one of the world’s leading and innovative financial centres, Switzerland is an ideal host to bring international financial market and supervisory authorities together with new players from the world of FinTech. Switzerland has long maintained an intensive financial dialogue with Singapore. Together, we are committed to open markets, international competition and constant innovation. The Point Zero Forum is intended to help ensure that innovation in digital financial technology can flourish and thrive in a secure framework for the benefit of all.”

First speakers, with more to be announced, include:

  • Heng Swee KeatSingapore’s Deputy Prime Minister and Coordinating Minister for Economic Policies
  • Ueli MaurerSwitzerland’s Federal Councillor and Head of the Federal Department of Finance
  • Thomas Jordan, Chairman of the Governing Board, SNB
  • Urban Angehrn, CEO, Swiss Financial Market Supervisory Authority (FINMA)
  • Ravi Menon, Managing Director, MAS
  • Mary Ellen Iskenderian, President & CEO, Women’s World Banking
  • Ralph Hamers, CEO, UBS
  • Philipp Rickenbacher, CEO, Julius Baer
  • Joanne Hannaford, Chief Technology & Operations Officer and Executive Board Member, Credit Suisse
  • Sam Bankman-Fried, CEO, FTX
  • Dr. Gabriela Maria Payer, Vice-Chairwoman, Sygnum
  • Ben Zhou, Founder & CEO, Bybit
  • Jos Dijsselhof, CEO, SIX
  • Stefan Klestil, General Partner, SpeedInvest
  • Jo Ann Barefoot, CEO & Co-Founder, Barefoot Innovation
  • Jason Thompson, CEO, Partior
  • Dr. Darian McBain, Chief Sustainability Officer, MAS
  • Eric Lim, Chief Sustainability Officer, UOB
  • Ericson Chan, Group Chief Information and Digital Officer, Zurich Insurance
  • Teana Baker-Taylor, Chief Policy Officer, Chamber of Digital Commerce
  • Oliver Bussmann, CEO & Founder of Bussmann Advisory, Former CIO & Group MD of UBS
  • Dr. Iwa Salami, Reader (Associate Professor), Centre of FinTech, Department of Law & Criminology, Royal Docks School of Business and Law
  • Pinar Özcan, Professor of Entrepreneurship and Innovation, Oxford University

Point Zero Forum guests can choose to discover the Switzerland FinTech Ecosystem through an additional day of tours to innovative companies and labs to learn about the latest developments in Web3.0 and Zug.

Point Zero Forum is an invitation-only forum for senior leaders from government and regulators, financial institutions, technology companies, digital asset and blockchain networks, academia and investors. To register interest, or to nominate a guest please visit www.pointzeroforum.com.

State Secretariat for International Finance

The State Secretariat for International Finance represents Switzerland’s interests in financial, monetary and tax matters not only vis-à-vis partner countries but also in the competent international bodies. It is committed to good framework conditions to ensure that Switzerland can have an innovative, interconnected and sustainable financial centre and business location that is among the world leaders. The State Secretariat is responsible for implementing the financial market policy of the Swiss Government.

Elevandi

Elevandi, which means to ‘lift up’ or ‘raise up’ was set up by the Monetary Authority of Singapore (MAS), to bring together the global public and private sectors to advance FinTech in our digital economy. Elevandi is building the future of finance by connecting businesses and people, insights and ideas. Our flagship product is the Singapore FinTech Festival alongside fast rising platforms including the World FinTech Festival and Point Zero Forum.

SOURCE Elevandi

Blockchain

Virtualness want to be the Canva of Blockchain:Kirthiga Reddy

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Virtualness is positioning itself as the Canva of the blockchain world, according to Kirthiga Reddy. Reddy, the former Managing Director of Facebook India, is now the CEO of Virtualness. She believes that the platform can empower users to create content and communities in the virtual space, similar to Canva’s success in the design world.

Virtualness aims to provide tools and resources that simplify the process of creating and managing virtual communities. Reddy envisions the platform as a one-stop destination for individuals and businesses looking to leverage the power of blockchain technology for community building.

The platform offers a range of features, including customizable templates, social media integration, and analytics tools, designed to streamline the creation and management of virtual communities. Reddy highlights the platform’s user-friendly interface and intuitive design as key factors in its appeal to users.

Virtualness is tapping into the growing demand for virtual experiences and communities, driven by the shift towards remote work and digital interaction. Reddy sees immense potential in the platform’s ability to democratize access to blockchain technology and empower users to create meaningful connections in the virtual world.

With Virtualness, Reddy aims to democratize access to blockchain technology and empower users to create meaningful connections in the virtual world. She believes that the platform has the potential to revolutionize the way people interact and collaborate online, much like Canva has transformed the design industry.

Virtualness has already garnered attention from investors and industry experts, positioning itself as a promising player in the burgeoning virtual community space. Reddy’s vision for the platform reflects her deep understanding of the digital landscape and her commitment to driving innovation in the blockchain industry.

Overall, Virtualness is poised to make a significant impact in the virtual community space, offering users a powerful tool to create, manage, and monetize their virtual experiences. With Reddy at the helm, the platform is well-positioned to become the go-to destination for virtual community building, much like Canva has become synonymous with design excellence.

Source: exchange4media.com

The post Virtualness want to be the Canva of Blockchain:Kirthiga Reddy appeared first on HIPTHER Alerts.

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Sei Foundation proposes a version 2 network upgrade to bring EVM compatibility

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Sei Foundation, the overseeing entity of the Sei blockchain operating at Layer 1, has taken a significant stride towards version 2 of its network, as revealed in an announcement made on Monday. Spearheaded by Sei Labs, this upgrade aims to elevate the blockchain’s performance by introducing a high-performance instance of parallelized Ethereum Virtual Machine (EVM).

Following the necessary approval of the governance proposal, the network upgrade is scheduled to take place one week later. This swift timeline underscores the Sei team’s dedication to continually enhancing the efficiency of their network.

The introduction of Sei’s parallelized EVM marks a notable technological advancement in the company’s operations. This innovation enables Ethereum-based contracts to be seamlessly deployed on the Sei platform, resulting in near-instantaneous execution. Such a feature drastically reduces transaction validation times, significantly elevating existing efficiency and effectiveness standards.

Version 2 of Sei’s blockchain, slated for release, will support Ethereum and parallel execution, akin to other high-performance blockchains like Solana. This development further solidifies Sei’s standing as a formidable player in the industry. The upcoming Sei v2 update will also compete with other parallelized EVMs, including popular ones like Monad and Neon, in the fiercely competitive blockchain landscape.

Sei Labs has already indicated that the current upgrade is poised to attract significant interest, given the applications available on Ethereum. Notable investors and partners such as Uniswap, Frax, X2Y2, Bancor, Balancer, Rarible, Layer Zero, Nansen, and The Graph are currently in discussions with Sei to access v2. The anticipated adoption of Sei v2 is a significant testament to the platform’s potential to emerge as a leading hub for blockchain collaboration.

Since its beta launch on the mainnet within Cosmos in August 2023, Sei has primarily focused on applications developed with Rust that run on Cosmos. However, with the introduction of Sei v2, the team intends to expand its reach by engaging both new and existing users and optimizing network compatibility. This strategic pivot aims to foster inclusivity and adaptability for development.

Having secured substantial funding in April 2023, Sei Labs is now prioritizing the transition to Sei v2. The successful funding round, which raised $30 million across two rounds from investors such as Jump and Multicoin Capital, underscores Sei Labs’ commitment to supporting the Sei blockchain ecosystem financially and technologically.

The recent developments at Sei exemplify a strategic direction aimed at enhancing the blockchain’s efficiency and competitiveness. By embracing cutting-edge technological innovations and bolstering support for Ethereum-based applications, Sei positions itself as a potential catalyst for its services and a significant player in the blockchain industry. Investors and the broader tech community are closely observing how this substantial change could shape the future of blockchain.

Source: cryptonewsz.com

The post Sei Foundation proposes a version 2 network upgrade to bring EVM compatibility appeared first on HIPTHER Alerts.

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Brazil Central Bank Crafting Crypto Regulation Plan, Expected by Year’s End

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Brazil’s central bank has revealed a multi-phase strategy to regulate cryptocurrency and virtual asset service providers, intending to finalize the regulatory framework by the year’s end.

These regulations will establish guidelines to ensure and enforce increased transparency regarding the potential benefits and risks associated with these investments, the bank stated. It opted for a phased approach to effectively oversee Brazil’s cryptocurrency service market.

“The contributions received will be utilized as we proceed, and the regulatory proposals are slated for completion by the end of 2024,” the bank added.

Reuters reported that the central bank’s recent decision delays the finalization of the process, following a 2022 law granting the bank authority to formulate these regulations.

During a congressional hearing in the previous year, Otavio Damaso, the central bank’s director of regulation, anticipated completing the crypto regulations by June 2024.

In December 2023, the bank conducted a public consultation on the matter, concluding in January. Subsequently, it announced a new public consultation scheduled for the latter half of this year.

The central bank informed Reuters that the initial consultation aimed to gather feedback from the public on the proposed regulations, also addressing aspects not covered by the 2022 law, such as the segregation of assets by virtual asset service providers. To this end, the first public consultation necessitated “considerable dedication from the involved teams.”

Additionally, the bank is progressing with the regulation of stablecoins, especially those utilized for payments and foreign exchange.

Brazil Restricts Crypto Contributions in Elections
In an effort to curtail cryptocurrencies’ role in campaign finance, Brazilian authorities recently enforced a ban on crypto donations to political parties and candidates.

The electoral court defended this ban, underscoring the importance of transparency and traceability in campaign financing. It reiterated its commitment to safeguarding elections “against irregular or illicit practices.”

Source: cryptonews.com

The post Brazil Central Bank Crafting Crypto Regulation Plan, Expected by Year’s End appeared first on HIPTHER Alerts.

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