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id

ID in the blockchain and cryptocurrency field typically refers to Decentralized Identity, which is an identity management system based on blockchain technology. Decentralized Identity aims to give users complete control over their identity information, avoiding data leaks and privacy issues found in traditional identity systems. It achieves identity verification and data sharing through distributed ledger technology and encryption algorithms, and is widely used in areas such as digital identity authentication, access control, and data privacy protection.
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first_img CoolCash's parent company had its payment license revoked and has initiated liquidation

The payment service provider license of CoolCash (Xiao Yi Payment), the parent company of Tianxu International Technology Co., Ltd., has been revoked by the National Bank of Cambodia and has entered liquidation proceedings. The company and its director, Pang Weizhi, were included in the UK government's sanctions list in March this year due to alleged ties with the Prince Group.The National Bank of Cambodia announced on the 10th that it revoked the payment service provider license of Tianxu International Technology on August 3. This license was issued on May 27, 2024, and was originally valid until 2030. The bank also appointed Morrison Kak MKA Audit Accounting Firm as the liquidator in accordance with Article 68 of the Law on Banking and Financial Institutions to handle liquidation matters and return relevant funds to the company's clients in accordance with the legal priority order.UK sanction documents indicate that Pang Weizhi holds Cambodian and Chinese nationality, with the Cambodian name Pang Visal, and serves as a director of Tianxu International Technology and the parent company of Elephant Delivery, U-Life KH Super App Company Limited. The UK side claims to have reasonable grounds to suspect his ties with the Prince Group and that he has provided financial services or funds, economic resources, goods, or technology to the group. The UK side alleges that the Prince Group is involved in operating scam centers in Cambodia, which include forced labor and serious human rights violations. Tianxu International Technology and Pang Weizhi have been listed as targets of sanctions in both corporate and personal capacities.

European Securities and Markets Authority report: Tokenized stocks may lead to liquidity fragmentation

According to Ledger Insights, the European Securities and Markets Authority (ESMA) recently published the "Trends, Risks, and Vulnerabilities Report for the First Half of 2026," in which digital assets and prediction markets occupy three chapters. Regarding crypto assets, the report warns that the increasing ties between cryptocurrencies and the traditional financial sector pose risks. Concerning tokenization, the report points out that issuing different tokenized versions of the same stock may lead to fragmented liquidity.As for prediction markets, the report believes that prediction markets have not yet seen significant development in Europe. This is because major platforms do not yet hold EU licenses, and in most cases, they need to obtain licenses. The European Securities and Markets Authority (ESMA) outlines some potential advantages of tokenization, including increased efficiency, expanded investor access, programmability, and atomic settlement. On the other hand, ESMA also questions how much these advantages are actually realized within these encapsulated structures.Since the ownership of the underlying stocks is off-chain, there is no single data source on-chain, and self-custody can only be achieved indirectly through these structures. Tokenization structures also introduce additional layers of intermediaries, leading to complexity and risk. The settlement advantages are also difficult to realize. Even if token transfers occur on-chain, the cash portion of the transaction is usually settled separately, whether through bank payments or other channels. This means that for certain transactions, the promised atomic settlement (i.e., simultaneous delivery of securities and cash) has not yet been achieved.
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