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foreign exchange

BIS ‘Project Rialto’ aims to make FX settlement more efficient
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10 June, 2024

BIS ‘Project Rialto’ aims to make FX settlement more efficient

The BIS has now announced Project Rialto, an FX module to streamline settlement for instant cross-border payments. It will use...
India targets ‘offshore’ exchanges; China takes aim at Tether conversions
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2 January, 2024

India targets ‘offshore’ exchanges; China takes aim at Tether conversions

India's FIU issued 'compliance show cause' orders to nine digital asset exchanges alleging them of "operating illegally without complying" with...
BIS concludes wholesale CBDC experiment for FX, cross-border payments
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5 October, 2023

BIS concludes wholesale CBDC experiment for FX, cross-border payments

The Bank for International Settlements has released the Project Mariana report, exploring challenges and solutions in a wholesale CBDC pilot...
Australia records first FX transaction with CBDCs as trial gathers steam
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20 May, 2023

Australia records first FX transaction with CBDCs as trial gathers steam

Blockchain infrastructure provider Canvas broke the news on May 17, noting that two digital asset fund managers, DigitalX and TAF...
China’s foreign exchange agency seeks tighter control over the digital asset industry
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26 November, 2022

China’s foreign exchange agency seeks tighter control over the digital asset industry

China's foreign exchange bureau says there is a need to regulate and classify the digital asset sector to improve the...