###French Central Bank Will Use Tezos to Power Digital Euro Trials

 

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According to a report published September 15, the French Central Bank will see Tezos (XTZ) power its Digital Euro trial, after selected candidates Societe Generale and Forge chose Tezos as the blockchain for the experiment. 

Multinational investment bank Societe Generale and startup Forge were selected to run the Central Bank Digital Currency trial by the Banque De France in July 2020

The CBDC will be used for interbank settlements

Tezos research unit Nomadic Labs is also contributing to the effort

France has shown a deep interest in blockchain technology and CBDCs, urging other EU nations to consider innovative fintech solutions

Tezos describes itself as a self-amending ledger that can seamlessly make upgrades to its protocol without necessitating hard forks

##Kraken is the First Crypto Exchange to be Approved as a Bank in the US

 

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San Francisco based exchange Kraken has received approval from the Wyoming Banking Board to serve as a special purpose depository institution (SPDI), according to an announcement made on  September 16.

The approval makes Kraken the first crypto exchange in the US to become a bank, which has been named Kraken Financial

By receiving the license, Kraken Financial will be able to operate in other states without requiring individual approval from states

David Kinitsky, Managing Director at Kraken and CEO of Kraken Financial, said that this would give Kraken direct access to federal payments infrastructure, besides allowing for seamless banking and funding options for users

Kinitsky also hinted at several new offerings, including qualified custody for institutions, digital-asset debit cards and savings accounts all the way to new types of asset classes

##United States Will Pay You $625K if You Can Crack Monero's Privacy

 

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The United States Internal Revenue Service is offering a bounty of up to $625,000 to individuals who are successfully able to breach the privacy protocol of Monero (XMR), according to a proposal published in early September.

The proposal asks for submissions from anyone who can demonstrate working prototypes that can trace transactions on Monero as well as the Lightning Network

Specifically, the tax department desires innovative solutions for “tracing and attribution of privacy coins, such as expert tools, data, source code, algorithms, and software development services”

The IRS will offer a grant to successful applicants with their concepts, granted $500K for the first 8 months

Those who positively demonstrate the solution - a further $125,000 will be granted

Monero is the most popular privacy coin on the market and obfuscates both sender and receiver identities, and transaction amounts

The US government has been working with crypto companies to establish tracing solutions, with CipherTrace and Department of Homeland 

Security recently signing a contract to that end

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