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German Government Now Holds Less Than 10K BTC, Iran Proposes to Link All BRICS Payment Systems, and More — Week in Review
14.7.2024
Iran’s Foreign Affairs Ministry has proposed linking BRICS countries’ payment systems for seamless national currency transactions. Meanwhile, Germany’s government reduced its Bitcoin holdings by over 3,000 BTC, now holding under 10,000. AI chatbots predict Bitcoin’s...
Iran Proposes to Link All BRICS Payment Systems
9.7.2024
The spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran Nasser Kanani has proposed to link the payment systems of all the countries of the BRICS bloc, allowing for seamless settlements between these. Kanani stated that the conditions have been created for this...
Tezos Foundation Teams Up With Baanx for Non-Custodial Crypto Card
9.7.2024
Baanx has been working with Mastercard to deliver a range of non-custodial crypto card offerings
Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems
17.6.2024
Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the absence of gold equivalence. This critique arrives...
Priest Allegedly Spent $40,000 On Candy Crush Using Church's Credit Card
30.4.2024
A Catholic priest in Pottstown, Pennsylvania allegedly used a church credit card to spend over $40,000 on “power-ups” in mobile games Mario Kart Tour and Candy Crush over a three-year span.Read more
House Panel Chairman Tells CFPB to “Go Back to the Drawing Board” Over Stringent Crypto Oversight Proposal
14.3.2024
House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion Chairman French Hill (R-AR) lambasted the Consumer Financial Protection Bureau (CFPB), telling the independent government agency to “go back to the drawing board” regarding an oversight proposal that would...
Crypto Payments Specialist Baanx Raises $20M Funding Round
5.3.2024
The Series A investment round included Ledger, Tezos, Chiron and British Business Bank
Will the Tokenization of Debt Trend Gain Momentum in 2024?
6.2.2024
The tokenization trend continues to gain momentum in 2024 with the primary focus being on digital assets and payment systems. The tokenization of debt, derivatives, and structured products requires converting these instruments into digital tokens on the blockchain or distributed ledgers and remains...
Web3 Payments Firm Transak Joins Visa Direct to Streamline Crypto-to-Fiat Conversion
30.1.2024
The deal allows the Web3 payments infrastructure provider's users in over 145 countries to easily convert crypto into local fiat currencies
Grayscale’s New Study Reveals Emerging Synergy Between AI and Cryptocurrency
20.1.2024
The integration of artificial intelligence (AI) and cryptocurrency is heralding a new era of technological advancement, as highlighted in a recent Grayscale Investments report by Will Ogden Moore. Grayscale’s latest report says this synergy, marked by the impressive performance of AI-related crypto...
European Central Bank Shows It’s Serious About Enabling Digital Euro Offline Use
11.1.2024
The central bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on enabling offline payments for a digital euro
Central Bank of Italy and South Korea Strike CBDC Partnership on IT and Payment Systems
5.12.2023
Source: AdobeStock The Central Bank of Italy and South Korea have announced a partnership to collaborate on key areas like payment systems and IT in the development of Central Bank Digital Currencies (CBDCs). A Dec 5 press release by La Banca d’Italia disclosed the agreement which would see both...
Mastercard Plans Web3 Collaborations With Self-Custody Wallet Firms
24.10.2023
The payments processor is working with MetaMask and Ledger among others, according to a Web3 Workshop presentation
CFPB examines Big Tech's role in mobile payment systems ahead of rulemaking
7.9.2023
The U.S. Consumer Financial Protection Bureau has focused the role of Apple and Google in mobile payments with a critical eye
Central Bank of Russia Discusses Digital Ruble Integration With Other Countries
22.7.2023
The Central Bank of Russia (CBR) is already discussing the integration of its central bank digital currency (CBDC), the digital ruble, with other countries’ payment systems. Elvira Nabiullina, Governor of the CBR, declared the bank was exploring different possibilities of integration with...
South Korean central bank charts out future course of payment systems, CBDC
19.7.2023
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country
Gnosis Lets Crypto Users Make Everyday Purchases From Wallets With Visa
17.7.2023
The crypto-based debit card will allow web3 users to use their stablecoins to pay for products in everyday life
Russia ‘Actively’ Working on SWIFT Alternatives, Foreign Ministry Official Says
22.5.2023
The Russian Federation is collaborating with partners to link payment systems alternative to the interbank messaging system SWIFT, a representative of the country’s Ministry of Foreign Affairs announced. The work is part of the de-dollarization of the economy, the official indicated. Russia Seeking...
India, Russia Mull Payment System Integration in Face of US Sanctions
2.5.2023
The governments of India and Russia are considering integrating part of their payment systems, in order to counter the possible future effect of US sanctions on the capital flows of each country. The deal would include the integration of India’s Rupay card system and its Russian counterpart...
7th Annual Legal, Regulatory, & Compliance Forum on FinTech & Emerging Payment Systems
31.3.2023
April 18-19, 2023 | NY Hilton Midtown, New York, NY Join 2 days of intense discussions to benchmark among peers, absorb key compliance takeaways around anticipated increased regulatory enforcement, and delve into what it will take for the modern fintech to prosper at the 7th Annual Legal...