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Business

Israel announces first batch of digital shekel challenge participants
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2 August, 2024

Israel announces first batch of digital shekel challenge participants

Israel’s central bank announced the digital shekel challenge in May, and it has now picked COTI, Fireblocks, PayPal and 11...
Bank of Baroda gets fresh upgrades with AI relationship manager, credit line on UPI
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2 August, 2024

Bank of Baroda gets fresh upgrades with AI relationship manager, credit line on UPI

One of India's major banks, the Bank of Baroda, rides on the AI boom, introducing an AI-powered VRM, along with...
Nigeria to train 1,000 youth on blockchain, AI annually to ‘overtake’ advanced economies
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1 August, 2024

Nigeria to train 1,000 youth on blockchain, AI annually to ‘overtake’ advanced economies

Nigeria’s Vice President Kashim Shettima has inaugurated a new initiative to train young minds on emerging tech and outsource their...
Peru inaugurates first CBDC pilot
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1 August, 2024

Peru inaugurates first CBDC pilot

Peru’s central bank partnered with local telecoms company Viettel Peru on the pilot, with Singapore, India and the International Monetary...
Tether celebrates ‘profits’ but market manipulation lawsuit won’t go away
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1 August, 2024

Tether celebrates ‘profits’ but market manipulation lawsuit won’t go away

Tether recently issued its latest attestation report on the reserve assets allegedly backing up the over $113 billion in circulating...
Russia passes bill legalizing digital assets in bid to avoid international sanctions
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1 August, 2024

Russia passes bill legalizing digital assets in bid to avoid international sanctions

In a desperate move, Russia passed a bill allowing businesses to use digital assets for cross-border trade beginning in September,...
AI fuels copper rush in Zambia
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1 August, 2024

AI fuels copper rush in Zambia

Leveraging AI, Zambia could be a haven for mineral exploration activities, thanks to the efforts made by digital firm KoBold...
US House passes bill combating terrorist, illicit financing via digital assets
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31 July, 2024

US House passes bill combating terrorist, illicit financing via digital assets

If made law, the Financial Technology Protection Act would establish a working group of key government departments, agencies, and experts...
RBI: Emerging tech driving India’s financial sector transformation despite digital fraud concerns
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31 July, 2024

RBI: Emerging tech driving India’s financial sector transformation despite digital fraud concerns

According to RBI Governor Shaktikanta Das, "The financial landscape in India is undergoing a structural transformation," driven by technological innovations...
Swiss finance regulator updates rules for stablecoin issuers
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31 July, 2024

Swiss finance regulator updates rules for stablecoin issuers

The guidelines come in the wake of increased global attention to stablecoin legislation and the new stablecoin provisions of the...
Thailand marches on with $14 billion digital money handout
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31 July, 2024

Thailand marches on with $14 billion digital money handout

Prime Minister Srettha Thavisin rose to power in 2023 by pledging to revive the economy through the digital cash handout,...
ZA Bank backs Hong Kong’s stablecoin plan with reserve bank services
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31 July, 2024

ZA Bank backs Hong Kong’s stablecoin plan with reserve bank services

ZA Bank's move to provide reserve bank services is seen as a stepping stone to improving Hong Kong's local payment...