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Hong Kong Launches Personal e-CNY Wallets For Cross-Border Payments
17.5.2024
The e-CNY, also referred to as the digital yuan, is China's state-backed digital currency, and users can now open digital wallets and store it outside of mainland China in Hong Kong.
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US Treasury strategy would tighten virtual asset regs, increase use of AI
17.5.2024
Better regulations, greater enforcement and AI are going to be the focus of the Treasury’s fight against illicit finance
Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets
17.5.2024
The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers
SWIFT China President Wen Yang on Overcoming Barriers in CBDC Systems
17.5.2024
SWIFT China President Wen Yang discusses the challenges and solutions for cross-border CBDC interoperability and initiatives to bridge the technological gaps between different CBDC systems.
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Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report
13.5.2024
Police in Panshi City, Jilin arrested six people for running an "underground bank."
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
Rwandan Research Paper Recommends CBDC With ‘Partial Pseudo-Anonymity’
9.5.2024
A recent research paper from the National Bank of Rwanda recommends a two-tier, universal, zero-interest central bank digital currency (CBDC) with partial pseudo-anonymity. Although the research paper identifies 15 opportunities for CBDC, only four are said to offer “high potential benefits...
Mastercard joins forces with US banking titans for tokenized settlement trials
8.5.2024
The partnership between the significant banking giants in the US and Mastercard is aimed at streamlining multiple asset-class settlements on a shared ledger platform
The IMF Is “Waking Up” To Bitcoin, Says Bitwise CIO
23.4.2024
A new report from the IMF suggests that the global financial body is recognizing Bitcoin as a useful cross-border transfer tool.
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Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein
9.4.2024
Solana is leading the field in blockchain payments, but the network has scalability issues, the report said
BIS Announces Project Agorá: Central Banks Bet on Tokenization for Cross Border Settlements
8.4.2024
The Bank for International Settlements, the central banks’ bank, announced the launch of Project Agorá, a joint private-public initiative seeking to examine the potential benefits of tokenization for improving cross-border settlements. Agorá includes the participation of seven central banks...
PayPal Enables No-Fee Cross-Border Transfer Using Native Stablecoin PYUSD
5.4.2024
PayPal's feature enables users to convert PYUSD stablecoin to USD and use it to send money to recipients in 160 countries globally.
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XRP vs. BTC: the battle for cross-border payment supremacy
5.4.2024
Cryptocurrencies have emerged as a disruptive force in finance, offering innovative solutions to traditional challenges. One of the most promising aspects of cryptocurrencies is their potential to revolutionize cross-border payments. Unlike traditional banking systems, cryptocurrencies facilitate...
Central Banks to Explore Tokenization of Cross-Border Payments With Project Agora
3.4.2024
A consortium of central banks worldwide, led by the Bank for International Settlements (BIS), announced a new initiative "Project Agora" to explore the potential of tokenization to enhance existing financial systems.
The post Central Banks to Explore Tokenization of Cross-Border Payments With...
Hague Legal Body Launches Digital Asset Tokenization Project to Tackle Cross-Border Challenges
28.3.2024
The Hague Conference on Private International Law has initiated a project on digital asset tokenization. It aims to bring legal clarity to cross-border businesses engaging with digital assets.
The post Hague Legal Body Launches Digital Asset Tokenization Project to Tackle Cross-Border Challenges...
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...
Nigerian Startup, Zone, Raises $8.5M in Seed-Funding Round
20.3.2024
Zone, a Nigerian payment fintech startup that leverages the blockchain, recently raised $8.5 million in a seed funding round. An undisclosed portion of the funds will be allocated to cover costs associated with the trial of Zone’s cross-border payment capabilities in 2025. Zone to Expand...
BRLA Digital a game changer in cross-border payments
19.3.2024
BRLA Digital is becoming a game changer in cross-border payments and cryptocurrency framework through its inventive services. The BRLA Token is a stablecoin attached to the Brazilian Real (BRL) at the core of its ecosystem. It was created to initiate effortless and low-cost transactions and provide...
Zodia Markets Partners With Fireblocks to Make Cross-Border Payments More Efficient
14.3.2024
Standard Chartered-backed crypto exchange and brokerage Zodia Markets and crypto custody technology provider Fireblocks have partnered to improve cross-border payments.
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