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Nalezeno "swift": 282

Kalashnikov Wants to Shoot Down SWIFT and Switch to ‘Digital Currency’


The owner of Kalashnikov, the firm that created the AK-47 assault rifle, wants to uncouple from the SWIFT international payments network and banking sector-controlled payments and make use of “digital currencies” – presumably crypto in this case – instead. According to the news agency TASS,...

BIS and SWIFT Intensify Race With Crypto For Cross-Border Payments


Major players of the traditional financial industry are looking for new ways how to keep their positions, threatened by the emerging cryptoasset and decentralized finance (DeFi) industries. The Bank for International Settlements’ Innovation Hub (BISIH) and the Society for Worldwide Interbank...

Unbanked Hong Kong Chief Carrie Lam: “I Have Piles of Cash at Home”


Hong Kong Chief Executive Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. Alongside 14 Chinese and Hong Kong officials, Lam has been slapped with punitive measures that effectively cut her off from the banking system. The US government...

SWIFT-based FATF Rules Poor Fit for Crypto Industry, Says V20 Speaker


A speaker at the V20, a crypto conference held parallel to G20 summits, have suggested that the Financial Action Task Force (FATF) so-called Travel Rule and accompanying guidelines may not be fit for purpose – and may be based on outdated, centralized models. The Travel Rule is part of a set...

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