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Crypto Startup Ramp Adds Brazilian Central Bank's Pix as Payment Method
14.9.2023
Adding Pix builds on Ramp's expansion to the South American country, where it opened a local entity in July in a bid for broader expansion throughout Latin America
Second-largest Thai bank creates $100-million AI fund
14.9.2023
The fund, named KXVC, will target AI, Web3, and Deep Tech startups with a focus on the Asia-Pacific region
SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox
13.9.2023
The bank messaging network has seen a dramatic increase in processing speed and is developing technology to connect CBDCs
India’s Central Bank Digital Currency Has 1.5M Users, 300K Merchants, Says RBI Chief
11.9.2023
Reserve Bank of India (RBI) Governor Shaktikanta Das has revealed that India’s central bank digital currency (CBDC) now has around 1.5 million users. In addition, over 300,000 merchants are currently accepting payments in digital rupees, and the pilot is being operated through 13 banks in...
JPMorgan Mulls Blockchain-Based Deposit Token, Report
10.9.2023
America’s biggest bank by assets, JPMorgan Chase, is exploring a blockchain-based deposit token for cross-border payments and interbank transfers. If approved by regulators, the banking giant may create the digital asset, which would be different from its existing JPM Coin as it could be used...
Hong Kong Widens Testing of China's Digital Yuan to Additional Banks
8.9.2023
Hong Kong has entered the second phase of technical testing for China's digital yuan, expanding the trial to include more Hong Kong banks.
The Hong Kong Monetary Authority (HKMA) and the People's Bank of China have completed initial technical tests for cross-border payments using the digital yuan...
Kenyan Fintech Startup Kotani Pay Receives $2 Million Pre-Seed Funding
8.9.2023
The Kenyan fintech startup Kotani Pay has raised $2 million in a pre-seed funding round which was led by P1 Ventures. The capital raised will be used to fund the startup’s expansion into five African countries. Felix Macharia said his firm is working with central banks, some of whom...
SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines
6.9.2023
SBI Remit will use XRP as a bridge currency to enable faster and more cost-effective remittances to several Southeast Asian countries
Fintech in the Kingdom of Saudi Arabia – Revel in the movement
6.9.2023
Amongst esteemed Partners such as Kyndryl – the world’s largest IT infrastructure services provider – Verve Management is thrilled to announce an unmissable opportunity for banking professionals to delve into the world of fintech technology and banking innovation – the Future Banks Summit...
Russian Lawmaker Predicts that Digital Ruble Will Displace Banks
6.9.2023
Soon it will be possible to get a loan in the digital ruble and decisions will be made by a robot, Anatoly Aksakov, the head of the State Duma Banking Committee, said in a meeting
CBDCs will gradually displace private banks, says Russian lawmaker
6.9.2023
Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August
Shark Tank Star Kevin O’Leary Warns of Emerging Financial Crisis, Bank Failures
6.9.2023
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a...
South Korean Hana Bank enters crypto custody business with BitGo
5.9.2023
KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024
Major Singapore Banks Named in $740 Million Money-Laundering Scandal in Which Police Seized Millions in Crypto
31.8.2023
Top local and international banks in Singapore have found themselves entangled in one of the city-state’s biggest money-laundering scandals, encompassing over $740 million.
Recent chargesheet filed against 10 individuals have unveiled a web of illicit financial activities that have implicated...
Report: Tether Pivots to Bahamas’ Britannia Bank Amid US Banking Strains
30.8.2023
In a recent report released on Tuesday, undisclosed sources detailed that the firm behind the top stablecoin in market cap, tether (USDT), is now banking with Britannia Bank & Trust. In the past month, tether’s supply has dipped by 1.3%, leaving 82.85 billion USDT in circulation....
Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks
30.8.2023
Cryptocurrency exchanges Bybit and Okx have discontinued support for payment cards issued by sanctioned banks from Russia. The moves follow in the footsteps of Binance, the world’s largest exchange for digital assets, which recently removed such cards from its peer-to-peer (P2P) platform. Bybit...
Binance Mulls Leaving Russia, Limits Options for Russian Users
30.8.2023
Crypto exchange Binance considers exiting Russia amid increased scrutiny over its services for users in the sanctioned nation. The news of the potential move comes after the exchange delisted several sanctioned Russian banks from its peer-to-peer (P2P) platform and restricted fiat payment options...
Russian Banks to Quiz Central Bank on Digital Ruble Pilot Next Month
30.8.2023
Russian banks will have the opportunity to question the Central Bank on its digital ruble pilot next month.
The Central Bank is facing a backlash from some sections of the banking industry after beginning “real-world” transactions with its CBDC earlier this month.
The megabanks Sberbank...
Lawmakers Object to Federal Reserve’s Stablecoin Guidelines — Say They Undermine Legislative Progress
29.8.2023
Several U.S. lawmakers have objected to the Federal Reserve’s stablecoin regulatory guidelines, which they believe “will undoubtedly deter financial institutions from participating in the digital asset ecosystem.” According to the lawmakers, “The Fed has chosen to effectively...
OKX And Bybit Suspends Sanctioned Russian Banks From P2P Services
28.8.2023
OKX and Bybit are the latest digital asset exchanges to delist sanctioned Russian banks from their peer-to-peer (P2P) services.
Two Russian banks, Tinkoff Bank and Sberbank have both been removed from P2P services of some crypto exchanges due to Western sanctions following the invasion...