Slovakia’s government plans to scrap a financial transaction tax introduced last year that drew sharp criticism from businesses and the opposition. Prime Minister Robert Fico said he’d asked the Finance Ministry to prepare legislation to abolish the tax as of January 1.
The measure was widely criticized by the opposition and business groups, which said it damaged Slovakia’s competitiveness as it was the only country in the eurozone with a comparable levy. It also brought in less revenue than the government had originally planned.
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"On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%," - Trump said.
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Porsche AG partnered with Tata Consultancy Services Ltd. for deploying AI in a 1.25 billion euros ($1.5 billion) deal, while agreeing to sell its consulting unit to the Indian software services company.
The five-year partnership aims to enable AI across Porsche’s engineering, manufacturing, operations and customer experience functions. The Indian firm will also buy the sports carmaker’s Germany-based consulting unit MHP Management- und IT-Beratung GmbH for an enterprise value of 320 million euros under the broader deal.
#BRICS
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IBM is announcing the first dual-architecture mainframe processor, which is being designed to enable enterprises to run operating systems and applications on both the IBM and Arm compute platforms in future IBM Z and LinuxONE systems. This marks the first processor milestone to emerge from the IBM and Arm collaboration and represents a significant advance in enterprise computing.
The new processor is being developed to allow organizations to run Arm-native Linux environments simultaneously with z/OS and Linux on IBM Z, while benefiting from IBM’s established security, reliability, and scale.
This new processor will bring that ecosystem to the IBM platforms known globally for transaction processing and data-intensive operations.
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The government will introduce the Online Safety Bill on Monday that will require high-risk social media platforms like Instagram, TikTok, Snapchat and Facebook to take reasonable steps to check users are over the age of 16, Prime Minister Christopher Luxon said.
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Only the BIS has the intellectual resources to study and solve international banking problems in a careful way.
Only the BIS output is being adopted in the world’s banking centers.
The BIS has even been proposed as a world senior financial regulator.
Ripple previously held a seat on the BIS payments taskforce that works on cross-border systems.💸
Mojaloop Foundation, whose core software runs on Ripple’s Interledger Protocol, sits on the latest BIS Committee on Payments and Market Infrastructures list.
As the BIS shapes the future of banking with new systems, they are more likely to draw on technology it already knows.
#Stellar
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Mexican President Claudia Sheinbaum expressed optimism she can reach a trade deal with Donald Trump as her chief negotiator leads talks in Washington, just after negotiations between the US and Canada collapsed.
“As President Trump said, we hope to reach an agreement with the US,” — she said. “I’m optimistic an agreement can be reached.”
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"From gigawatt AI factories to orbit. One NVIDIA architecture, everywhere," — Nvidia said.🚀
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Forwarded from Mirko
Aug 24: 🇮🇳 India to test blockchain settlement with tokenized REC bonds
India is preparing to test blockchain-based bond settlement with the launch of tokenized corporate bonds next month, Reuters reported Monday, citing three people familiar with the plans.
The pilot will be led by state-owned power financier REC and is expected to involve less than 5 billion rupees ($57 million) in bonds.
The offering could be announced at an annual fintech event in Mumbai and will be restricted to a select group of investors at launch. The move would mark an early test of distributed ledger technology for bond issuance and settlement in India, bringing it closer to markets such as Europe and Hong Kong that have already explored tokenized securities.
According to the report, investors will use India’s central bank digital currency to purchase the bonds, with the central bank and market regulator working together on the framework. Tokenization puts bond ownership, issuance, trading and settlement onto a blockchain or distributed ledger, potentially allowing transactions to settle almost immediately.
The pilot will require participants to hold both a wholesale CBDC wallet and a digital securities wallet. Indian depositories are developing a new securities wallet, called DEMAT 2.0, which will track bond holdings on a distributed ledger. Future trades will only be possible between participants holding compatible CBDC and securities wallets.
India is preparing to test blockchain-based bond settlement with the launch of tokenized corporate bonds next month, Reuters reported Monday, citing three people familiar with the plans.
The pilot will be led by state-owned power financier REC and is expected to involve less than 5 billion rupees ($57 million) in bonds.
The offering could be announced at an annual fintech event in Mumbai and will be restricted to a select group of investors at launch. The move would mark an early test of distributed ledger technology for bond issuance and settlement in India, bringing it closer to markets such as Europe and Hong Kong that have already explored tokenized securities.
According to the report, investors will use India’s central bank digital currency to purchase the bonds, with the central bank and market regulator working together on the framework. Tokenization puts bond ownership, issuance, trading and settlement onto a blockchain or distributed ledger, potentially allowing transactions to settle almost immediately.
The pilot will require participants to hold both a wholesale CBDC wallet and a digital securities wallet. Indian depositories are developing a new securities wallet, called DEMAT 2.0, which will track bond holdings on a distributed ledger. Future trades will only be possible between participants holding compatible CBDC and securities wallets.
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Crypto Briefing
India plans first tokenized bond issue in September
India's SEBI plans to launch its first tokenized corporate bond in September 2026, testing DLT settlement and e-rupee integration in a ₹60
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European Central Bank Executive Board member Piero Cipollone said the digital euro’s design will limit the transaction information the central bank can access. The ECB system itself would not be able to identify the specific users sending or receiving payments, while only commercial banks handling the transactions could identify users for anti-money laundering purposes.
The ECB has positioned the digital euro as a tool to reduce Europe’s dependence on non-European payment service providers. Digital euro legislation is now in negotiations in the European Parliament and the Council of the European Union, and if approved, the digital euro could be issued as early as 2029.
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Available through Dinari's platform, investors can access dShares for 724 tokenized U.S. stocks and ETFs, including the entire S&P 500. With this integration, Dinari is now live in the United States and across more than 85 jurisdictions worldwide, providing eligible investors with a new way to access U.S. equities using digital dollars.
“Tokenized securities represent an important evolution in how investors can access and interact with capital markets.
As more assets move onchain, we’re excited to see USDC helping connect traditional markets with open, internet-native financial infrastructure,” — Claire Ching, Vice President, Global Capital Markets, Circle
USDC can now support the purchase of tokenized U.S. equities, the settlement of transactions, and the distribution of cash dividends. Together, these capabilities create a more seamless connection between digital dollars and regulated capital markets.
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The U.S. Department of Energy (DOE) and the U.S. Small Business Administration (SBA) signed a Memorandum of Agreement establishing the Small Business Investment Company-Energy (SBIC-E) Initiative,
Through DOE’s Office of Technology Commercialization (OTC), the Department will identify strategic technology priorities, provide technical and commercialization expertise, and help engage the investment community.
"President Trump is establishing American energy dominance, ending the Green New Scam, and putting our nations’ producers and innovators back in control at the dawn of a new era of energy reliability and abundance," — said SBA Administrator Kelly Loeffler.
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That investigation is still ongoing, although it makes less sense with each passing year.
Why?
Because we now have extensive evidence that Telegram was neither worse than other popular platforms at moderation, nor the worst at cooperating with authorities.
In the end, freedom and truth will prevail✊
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Singapore has announced a new family support package that will provide almost S$70,000 (US$55,153) in direct assistance for every Singaporean child up to the age of 17. The move comes after the country’s total fertility rate fell to a record low of 0.87, despite years of government incentives to encourage parenthood.
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🇯🇵 Infleqtion helped launch Japan’s first operational full-stack neutral-atom quantum computer
Working with Professor Kenji Ohmori’s team at the Institute for Molecular Science, Infleqtion contributed the quantum processing unit for the “Shunkai” system. The system is expected to initially operate with approximately 50 qubits and scale to around 500 as development progresses.
As the only foreign quantum partner selected for Japan’s Quantum Moonshot program, Infleqtion is helping advance production-ready, scalable neutral-atom quantum systems internationally. The project’s next phase will focus on system integration, stability and scalability toward fault-tolerant quantum computing, with a goal of up to 10,000 physical qubits and quantum error detection and correction capabilities.
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Working with Professor Kenji Ohmori’s team at the Institute for Molecular Science, Infleqtion contributed the quantum processing unit for the “Shunkai” system. The system is expected to initially operate with approximately 50 qubits and scale to around 500 as development progresses.
As the only foreign quantum partner selected for Japan’s Quantum Moonshot program, Infleqtion is helping advance production-ready, scalable neutral-atom quantum systems internationally. The project’s next phase will focus on system integration, stability and scalability toward fault-tolerant quantum computing, with a goal of up to 10,000 physical qubits and quantum error detection and correction capabilities.
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Russian President Vladimir Putin said he aims to meet with Indian Prime Minister Narendra Modi at a regional forum next week, while calling for stepped-up trade cooperation between the two nations. Putin highlighted a recovery in trade turnover between Russia and India following a dip the prior year.
#BRICS
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The Pakistan Virtual Assets Regulatory Authority (PVARA) notified its licensing regulations and opened its application portal, completing the framework established under the Virtual Assets Act, 2026. The regime covers 10 categories, including exchanges, custody, broker-dealer services, advisory, lending and borrowing, derivatives, asset management, transfers and settlement, token issuance and mining-related services.
The framework requires licensed providers to meet requirements covering governance, technology, cybersecurity, customer protection and anti-money laundering and counter-terror financing controls. Existing virtual-asset businesses must submit NOC applications by September 5, 2026, or cease operations.
For Pakistan, the licensing regime represents a significant shift from regulatory uncertainty toward formal supervision. But its success will depend on whether the country can build credible enforcement alongside the rules.
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