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What will be the main regulatory focus areas for Project Dama 2 by end of 2025?
2
Resolution / Starting Odds
Anti-money laundering • 25%
Sanctions compliance • 25%
Data privacy • 25%
Other • 25%
Analysis and reports from financial regulatory bodies or Deutsche Bank publications
Story
Deutsche Bank's Project Dama 2 Aims to Enhance Regulatory Compliance with Ethereum Layer-2 Blockchain
Dec 18, 2024, 01:36 PM
Deutsche Bank, valued at $1.5 trillion and Germany's largest bank, is developing a Layer-2 blockchain on Ethereum using ZKsync technology as part of Project Dama 2. The initiative aims to address compliance challenges faced by regulated financial institutions, such as the risk of transacting with criminals or sanctioned entities. The project includes a trusted verifier mechanism and grants regulators special supervisory authority. A minimum viable product is expected in 2025, pending approval.
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BaFin (Germany) • 25%
US SEC • 25%
Other • 25%
Stablecoin regulation • 25%
Margin requirements for futures • 25%
Exchange oversight • 25%
Other • 25%
Algorithmic trading • 25%
Risk management • 25%
Data privacy • 25%
Other • 25%
Algorithmic Trading • 25%
Data Privacy • 25%
Market Manipulation • 25%
Other • 25%
Cryptocurrency regulation • 25%
Market stability • 25%
Corporate governance • 25%
Environmental, Social, and Governance (ESG) issues • 25%
Most regulations upheld • 33%
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Mixed outcomes • 34%
Digital Assets • 25%
Traditional Commodities • 25%
Both Equally • 25%
Other Focus • 25%
Passenger rail service improvement • 25%
Freight rail efficiency • 25%
Rail safety and security • 25%
Technology integration • 25%
Remote work policies • 25%
Political appointees • 25%
Humanitarian aid • 25%
Other • 25%