cathyme8rewgu

@cathyme8rewgu

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The exchange announced the token delisting on Nov. 19, citing undisclosed failures to meet its standards for listing tokens.

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In a statement to Cointelegraph, a Coinbase spokesperson reiterated the company’s standards. “Coinbase is committed to maintaining the high integrity of our listing standards. Should an asset fail to meet those standards, it is delisted,” the spokesperson said.

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The suit claims Coinbase’s actions amount to monopolization of the wrapped Bitcoin market under the Sherman Act. The lawsuit accuses Coinbase of predatory practices, including issuing false statements about wBTC’s compliance to undermine its market position. BiT Global claims Coinbase’s actions were designed to steer market dominance toward cbBTC.

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Coinbase Asset Management introduced Project Diamond in December 2023. Project Diamond is not available to users in the United States. Chainlink debuted the CCIP in April. It allows crosschain token transfers and smart contract messaging across blockchain networks.

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Chainlink will provide data and connectivity between public and private blockchains and existing financial systems through Chainlink’s Cross-Chain Interoperability Protocol (CCIP), assuring users of compliant solutions.

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Peregrine, the PSG Digital business regulated by the ADGM, will be the flagship user of the integrated platform.

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Project Diamond is regulated by the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) and is a resident of the ADGM RegLab sandbox. It has the trade name Onchain Marketplace. That implementation will be upgraded in the integration.

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Blockchain oracle network Chainlink has integrated with Coinbase’s Project Diamond, Coinbase’s digital asset platform for global institutions. The integration will provide data and enable full lifecycle management of new tokenized assets on the platform.

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Still, he had expressed confidence in CBDC’s potential to “underpin the payment systems of the future,” both for domestic and cross-border payments.

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“Such understanding would emerge from the generation of user data in pilots. The actual introduction of CBDC can be phased in gradually,” Das said.

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Previously, Das had advised against implementing a “system-wide CBDC” rollout without understanding the technology’s potential impact on users and India’s monetary policy.

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A related Bloomberg report suggested that India was exploring the use of CBDCs as its primary settlement mechanism for the payments platform, which is currently operational in Sri Lanka, Bhutan and Nepal.

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In November, the RBI sought to add new trading partners in Asia and the Middle East to expand its cross-border payments platform for instant settlements.

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