ChainCatcher news, according to CoinDesk, a survey by the Official Monetary and Financial Institutions Forum (OMFIF) shows that most respondents believe tokenization will reach a substantial level within three years.It is reported that OMFIF surveyed 26 institutions across Europe, Africa, Asia, and South America, including treasuries, banks, and asset management companies. 92% of respondents believe that financial markets will experience a considerable degree of tokenization at some point, although all indicated that this will take at least three more years.The survey shows that 42% of respondents agree that blockchain will become the dominant form of financial market infrastructure. 65% of respondents believe that bonds are the most likely to be tokenized.

ChainCatcher news, according to CoinDesk, the Financial Services Agency (FSA) of Japan stated in a review of tax reform documents that "regarding the tax treatment of cryptocurrency transactions, it is necessary to consider whether cryptocurrencies should be regarded as financial assets that should become public investment targets."Currently, the country taxes cryptocurrency profits as income, with a tax rate of up to 45% for individuals with income exceeding 4 million yen (approximately $276,000), while the capital gains tax rate for selling securities such as stocks is a flat 20%. Changes to this system could lead to a reduction in taxes for some cryptocurrency investors.

ChainCatcher news, Microstrategy Executive Chairman Michael Saylor predicts that by 2045, the price of Bitcoin could range from $3 million in a bear market to $49 million in a bull market.Michael Saylor emphasized the importance of Bitcoin in transforming the global economy by replacing outdated 20th-century financial and physical assets with digital capital, highlighting Bitcoin's durability and its immunity to inflation, entropy, and other factors that traditionally devalue assets. Saylor advocates for the adoption of Bitcoin as the primary financial asset for individuals, companies, and nations, stressing its immense potential for wealth accumulation and economic stability.

ChainCatcher news, according to Cointelegraph, analysts from consulting firm McKinsey stated that while tokenized financial assets have experienced a "cold start," their market size is expected to reach approximately $2 trillion by 2030.In an optimistic scenario, this value could double to around $4 trillion. Tokenization has shown "significant momentum," but widespread adoption is still a long way off, as modernizing existing financial infrastructure is "challenging, especially in heavily regulated industries like financial services."

ChainCatcher news, BlackRock CEO Larry Fink stated in an interview with Bloomberg that he believes the next step will be the tokenization of financial assets.

ChainCatcher news, the Central Bank of the Russian Federation has included the public joint-stock company Moscow Exchange MICEX-RTS in the register of digital financial asset exchange operators (DFA), making the Moscow Exchange the first institution on this register.It is reported that only organizations listed in the DFA register are authorized to engage in activities related to digital assets.

ChainCatcher news, according to the Russian business consulting website (RBC), Russia's state-owned commercial bank Sberbank will allow individuals to trade using digital financial assets (DFA) starting in June.Previously, it was reported that Russia conducted seven placements of digital financial assets (DFA) last month, totaling approximately 1 billion rubles (13 million USD). Most of the DFA were sold by Russia's largest banking institution, the state-owned Sberbank, followed by the country's largest private bank, Alfa-Bank. It is reported that both banks are authorized DFA platform operators by the Russian banking authority. (Source link)

ChainCatcher news, according to TASS, Russian Finance Minister Anton Siluanov stated that "Russia will launch an alternative payment system based on modern technologies (digital financial assets, digital currencies), and digital currencies can be used for cross-border payments. However, the system is currently in the initial stage of discussion, and its future depends on the usage of the digital ruble, digital yuan, and other similar currencies." (source link)

ChainCatcher news, according to CNBC, Twitter will allow its users to access stocks, cryptocurrencies, and other financial assets through a partnership with social investment platform eToro. Starting Thursday, the Twitter app will launch a new feature that will allow users to view market charts; buy and sell stocks and other assets from eToro; and see market data for more financial tools. (source link)

According to Chain Catcher news, as reported by Cointelegraph, the Moscow Exchange (MOEX) is drafting a bill aimed at allowing the trading of digital financial assets (DFA) as well as DFA-based securities. MOEX Supervisory Board Chairman Sergei Shvetsov stated that the bill is currently under review by the Central Bank of Russia.It is reported that Sergei Shvetsov mentioned that if this law is passed, Russian depositories will be able to hold digital financial assets in their blockchain accounts. As long as clients need the relevant assets, they can redeem and receive the assets through their accounts on the blockchain. (Source link)

According to Chain Catcher news, as reported by Business Insider, the Digital Financial Assets Act passed in California in August was delivered to Governor Gavin Newsom on September 12 and will officially take effect upon his signature. The act requires cryptocurrency and digital asset trading companies to obtain a license before operating in the state.Currently, companies and industry associations, including Amazon, Apple, Block, Coinbase, and Google, have expressed opposition to the passage of the act. Among them, the tech industry association Chamber of Progress stated that the licensing requirements would harm the interests of small companies; the Electronic Transactions Association indicated that the registration requirements are overly cumbersome and that the definition of "digital financial assets" is somewhat vague. (Source link)