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Finance

Japan’s 3 largest banks to partner on blockchain-powered digital identity
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27 June, 2024

Japan’s 3 largest banks to partner on blockchain-powered digital identity

Mizuho, MUFG and SMBC are working on a new digital identity solution stored on users’ devices and secured by blockchain...
Tencent to participate in mBridge MVP
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27 June, 2024

Tencent to participate in mBridge MVP

Through its domestic payments platform, Tenpay Global, Tencent has been testing mBridge payments for e-commerce exports and will participate in...
Eurosystem announces 48 participants in DLT trials
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26 June, 2024

Eurosystem announces 48 participants in DLT trials

For the upcoming trials in July, DLT operators, comprising 48 private firms, will pilot cross-border and PvP transactions in an...
Spain’s BBVA to launch digital bank in Germany by 2025
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26 June, 2024

Spain’s BBVA to launch digital bank in Germany by 2025

BBVA has expanded aggressively in Italy, where it now has 500,000 clients on its digital banking platform, and it plans...
Nomura subsidiary Laser Digital obtains license to operate in the UAE
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26 June, 2024

Nomura subsidiary Laser Digital obtains license to operate in the UAE

The Nomura subsidiary may provide broker-dealer and fund management services to retail and institutional clients in the UAE, with CEO...
Singapore’s central bank expresses money laundering concerns with digital assets
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26 June, 2024

Singapore’s central bank expresses money laundering concerns with digital assets

While it considers legacy banking as the biggest risk for money laundering, the Monetary Authority of Singapore believes that digital...
Dealings in digital assets not illegal under Indian law, High Court rules
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25 June, 2024

Dealings in digital assets not illegal under Indian law, High Court rules

While India moves to regulate the digital asset space, a High Court ruled that digital currencies are not qualified as...
IMF’s work on CBDCs and digital currencies is straining its budget
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25 June, 2024

IMF’s work on CBDCs and digital currencies is straining its budget

The IMF has suggested it may reduce its output frequency, provide lighter analysis and give general policy advice, adding that...
CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF
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25 June, 2024

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF

IMF says Middle Eastern and Central Asian countries can significantly benefit from CBDCs but urges caution as they come with...
Italy to increase oversight of digital asset market
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25 June, 2024

Italy to increase oversight of digital asset market

The policy, moving Italy further towards the standards laid out by MiCA, also designates Italy's central bank and market watchdog,...
National Australia Bank kills off stablecoin project
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25 June, 2024

National Australia Bank kills off stablecoin project

NAB started work on the AUDN stablecoin in 2022 and thought clients would use it to settle cross-border transactions, but...
DLT importance shoots up in 2024, but public blockchains’ market share dips: report
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25 June, 2024

DLT importance shoots up in 2024, but public blockchains’ market share dips: report

The report by ISSA revealed that the strategic importance of distributed ledger technology has increased by 9% in 2024, with...