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Chinese microchip company says it’s now accepting Bitcoin as payment
12.11.2024
Huangzhou-based crypto mining chip maker Nano Labs saw its share price rise slightly after announcing it will start accepting Bitcoin as payment
South Korea plans to regulate cross-border stablecoin transactions
8.10.2024
South Korea’s Financial Services Commission plans to consult with other jurisdictions, such as Japan and the European Union, on stablecoin rules.
South Korea plans to regulate cross-border stablecoin transactions
8.10.2024
South Korea’s Financial Services Commission plans to consult with other jurisdictions, including Japan and the EU, on stablecoin rules.
Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution
4.10.2024
Ripple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the region’s crypto landscape, helping businesses move funds 24/7. With plans to streamline treasury...
Binance Research Report: Blockchain Could Transform Cross-Border Transactions
30.8.2024
Blockchain technology is set to transform the payments industry by tackling persistent issues in cross-border transactions. A detailed report by Binance Research suggests that incorporating blockchain into payment systems could substantially lower costs and speed up settlements, offering a...
Bank of Russia Eyes Stablecoins for Cross-Border Transactions
27.8.2024
The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative may involve a limited group of qualified investors and would require testing...
How Solana is transforming cross-border agricultural trade
24.7.2024
AgriDex’s blockchain-based platform enabled a South African farm to complete a trade with a London importer, showcasing the benefits of onchain settlements
How Solana is transforming cross-border agricultural trade
24.7.2024
AgriDex’s blockchain-based platform enabled a South African farm to complete a trade with a London importer, showcasing the benefits of onchain settlements
Banque de France, Hong Kong Monetary Authority explore CBDC, tokenization
28.6.2024
The HKMA set up Project Ensemble months ago. Now we know why
Mastercard Launches Crypto Credential Service for Simplified Cross-Border Transactions
29.5.2024
Financial giant Mastercard has initiated its first real-world application of the Crypto Credential system, a system aimed at facilitating easier and more secure peer-to-peer (P2P) cryptocurrency transactions. The service, which allows users to transfer cryptocurrencies using simple aliases,...
IMF backs Nigeria crypto adoption amid local SEC crackdown
10.5.2024
The IMF recommendation sets out to remedy the macroeconomic challenges Nigeria faces while attracting global investment
Swift Paves the Way for CBDC Integration in Cross-Border Transactions with Interlinking Solution
26.3.2024
For its central bank digital currency (CBDC) interlinking solution, Swift has made public the outcomes of its second round of industry-wide sandbox testing. The findings indicate that financial institutions can easily integrate CBDCs and other digital tokens into their business practices and...
UAE Introduces CBDC Implementation Strategy – Here’s What’s Inside
26.3.2024
The UAE's central bank has announced a comprehensive strategy to implement a central bank digital currency (CBDC) for retail and wholesale use. In partnership with technology providers R3 and G42 Cloud, the UAE envisions that digital dirham will streamline cross-border transactions, enhance...
China Raises Alarm Over Corrupt Officials Exploiting Cold Storage Cryptocurrency for Illicit Cross-Border Transactions
2.1.2024
Image Source: Pexels Official Chinese media sources have raised concerns regarding the exploitation of cryptocurrencies by corrupt officials for illicit activities. The use of cold storage methods for cryptocurrencies, in particular, has become a cause for alarm as it allows these individuals...
People’s Bank of China Tests Digital Yuan Payment Integration in Hong Kong
18.11.2023
The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are in the second phase of the integration tests of the digital yuan for payments and cross-border transactions in Hong Kong. This new phase includes more banks and the ability to use the Fast Payment System to...
Ripple exec reiterates need for tech-neutral crypto regulations
14.11.2023
Navin Gupta, managing director of South Asia, Middle East and North Africa (MENA) at Ripple, told Cointelegraph that education and introducing non-speculative use cases can help crypto companies navigate through varying regulations
China and Malaysia to Research AI for Blockchain Applications in Trade
19.6.2023
Blockchain developers from Malaysia will be working with Chinese colleagues to utilize artificial intelligence (AI) in foreign trade. The collaboration, which is part of a China-led international research program, aims to speed up cross-border transactions. Malaysia and China to Conduct AI Research...
Circle CEO warns of active and accelerating de-dollarization
27.4.2023
The U.S. must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO said
National Bank of Ukraine is Looking at CBDCs for Retail Payments, Cross-Border Transactions, and Crypto Trading
30.11.2022
Ukraine is continuing the work on its digital hryvnia, or e-hryvnia, despite the ongoing aggression by Russia.
The National Bank of Ukraine (NBU) introduced a draft concept for its central bank digital currency (CBDC) on Monday this week. The statement said that the key purpose of e-hryvnia is...
Russian Parliament Rejects Mining Bill Allowing Crypto Payments, Expects New Draft
24.10.2022
The lower house of Russian parliament, the State Duma, has voted against a piece of legislation designed to regulate cryptocurrency mining. While lawmakers turned down that proposal, which also aimed to legalize crypto payments in the country, another draft law on mining, which permits cross-border...