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HSBC to Launch Tokenized Deposits In US And UAE in 2026

HSBC is set to introduce tokenized deposits for corporate clients in the United States and the UAE in the first half of 2026, marking its commitment to tokenization amidst the stablecoin surge. The Tokenized Deposit Service (TDS) allows for instantaneous transfers at any time and offers key features such as interest payouts. Unlike stablecoins, which rely on backing assets, tokenized deposits leverage the issuer's balance sheet. HSBC aims to expand the use cases for these deposits through programmable payments and autonomous treasury systems. This rollout follows earlier implementations in Hong Kong, Singapore, the UK, and Luxembourg. HSBC is also open to evaluating the possibility of issuing a stablecoin, contingent on clearer legal frameworks. The bank's move reflects broader industry trends as major players adapt to new technological opportunities in financial transactions.

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Morning Minute: The White House and IRS Target Foreign Crypto Holdings

The White House has proposed new regulations that would require U.S. taxpayers to report and pay taxes on foreign cryptocurrency accounts. This initiative mimics existing frameworks like FBAR and FATCA, intended to encompass various foreign entities such as centralized exchanges, custodians, and even potentially offshore wallet providers. The IRS

Crypto ETFs Enter Maturity Phase as IRS and SEC Actions Drive Rapid Expansion of Products

Crypto ETFs are transforming from speculative instruments to long-term investment vehicles as mainstream adoption increases. Recent IRS guidelines allow funds to stake assets like ether and solana without jeopardizing their tax status, generating predictable yields. This shift enables ETFs to compete with private wallets that offer staking rewards. The SEC&

Techno-optimism and problems as a conduit of progress

Recent outages affecting popular services like ChatGPT and Uber highlight a trend in technology where solutions create new challenges. The transition from dedicated servers to cloud delivery networks (CDNs) enhanced web performance and security but led to concentrated failures instead of isolated incidents. This aligns with Kevin Kelly's

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