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Former Deputy Governor of the Bank of England Jon Cunliffe has joined blockchain payment company Fnality and serves as the Chairman of the UK entity

According to Bloomberg, Jon Cunliffe, the former Deputy Governor for Financial Stability of the Bank of England, has joined the blockchain payment company Fnality and will serve as the Chairman of its UK entity. Jochen Metzger, the former Director General for Payment and Settlement Systems of the German central bank, has been appointed as a member of the Supervisory Board of Fnality Europe and is expected to serve as its Chairman; Ron Berndsen, the former Head of Supervision and Head of Market Infrastructure Policy at the Dutch central bank, will also join the Supervisory Board.Fnality operates a wholesale payment system that allows banks to settle debts using central bank currency balances. Its pound sterling system, regulated by the Bank of England, went live in 2023 and is currently seeking regulatory approval to launch versions in US dollars and euros. Fnality states that the system is designed to support the tokenized trading of traditional assets such as stocks and bonds, enabling the synchronized flow of securities and payment funds across interconnected digital networks, thereby shortening settlement times and supporting round-the-clock trading. Fnality was established in 2019, with investors including major financial institutions such as Goldman Sachs, UBS Group, Santander Bank, Bank of America, and Citigroup.

first_img Kalshi suspended the qualification of North Carolina candidate Barkett due to his bet on his own victory

The prediction market platform Kalshi announced a three-year suspension of trading eligibility for North Carolina Republican congressional candidate Laurie Buckhout, along with a fine of $2,589.96, due to her having purchased contracts related to her own campaign. According to a settlement agreement effective August 28, Buckhout purchased contracts worth less than $1,000 related to her candidacy, violating the platform's rule 5.17(z), which prohibits trading by individuals who have "direct or indirect influence" on the outcome.Buckhout stated in a declaration, "I did bet on myself, and it was indeed a foolish mistake. Once I realized the issue, I immediately cooperated to correct it. You could say my career as a Kalshi trader was very short." Kalshi indicated that Buckhout cooperated during the investigation and agreed to accept the penalties. Previously, Kalshi had imposed similar penalties on several politicians, including Minnesota Senator Matt Klein and former Texas congressional candidate Ezekiel Enriquez, who also bet on their own campaigns.Buckhout is a retired Army colonel who previously served as the Deputy Assistant Secretary of Defense for Cyber Policy. She is challenging Democratic Congressman Don Davis, replaying the 2024 matchup, in which Davis won with 49.5% to 47.8%. The North Carolina legislature redrew the district last year to make it more favorable to Republicans, and the Cook Political Report rated the district as "leaning Republican."
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