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Honduras’ banking regulator the National Banking and Securities Commission, or CNBS, has announced an immediate ban that prohibits institutions from trading crypto. The banking regulator reached the resolution on Monday and cites fraud and money laundering among reasons for the move, Reuters reported. Honduras’ National Banking and Securities Commission, or CNBS, has banned institution s under its regulator y purview from trading crypto currencies. The banking regulator announced the measure this week, Reuters reported on Friday. According to the report, the CNBS’ resolution came into effect immediately, with the Central American country citing use of virtual assets in fraud and money laundering as key risks and the reasons for the ban. In this case, no institution supervised by the regulator can hold, intermediate, trade or invest in crypto tokens or such other unauthorized digital assets. Crypto fraud and money laundering While noting ...

Institutional MPC wallet company Fordefi will integrate its native wallet solution with applications and protocols built on Solana. Unlike wallet s owned by individual accounts, institutional wallet s must be able to provide access to multiple different stakeholders.   MPC stands for multi-party computation and is a type of wallet security that allows multiple parties to have access to the same wallet without revealing any personal information to one another.  “As tokenization continues to proliferate and mature, it will be imperative to have infrastructure products like the Fordefi platform that enable institution s to efficiently and intuitively manage their assets,” Ben Sparango, head of business development at Solana Foundation, said in a press release reviewed by Blockworks. Although Solana already has different types of MPC wallets integrated with its ecosystem, Dima Kogan, Fordefi co-founder and chief technology officer, told Blockworks that simply being an MPC wallet is n...