Open Custody Protocol raised $11 M in a Seed Round round on 2021-05-02.

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Regulatory Dynamics 1. European Central Bank President Comments on Bitcoin and Digital Euro European Central Bank President Christine Lagarde stated that Bitcoin is a speculative asset that has facilitated some interesting business activities but requires regulation. She expressed hope to launch a digital euro within five years. Previously, the ECB's governing council discussed whether to proceed with the digitalization of the euro but has not made a definitive decision. However, the latest statement from the ECB leadership suggests that the institution is paying attention to the potential impact of this move on the market. 2. IMF Report: Only 40 Countries Can Legally Issue Central Bank Digital Currencies The International Monetary Fund recently released a report stating that, according to a survey, more and more central banks are exploring the possibility of issuing central bank digital currencies ( CBDC ). However, nearly 80% of central banks worldwide are either not allowed to issue digital currencies under current laws or the legal framework is unclear. The IMF reviewed the central bank laws of 174 member countries and found that only about 40.