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South Korea to Make a Complete Transition of Financial Trade Over Blockchain by 2021
20.10.2019
Financial trade in Korea is steering fast towards the blockchain. A recent local report published the story on the basis of an authentic report from the company. The complete transformation of the company could be achieved by 2021, according to the report, and transactions pertaining...
Fed Research Considers Negative Interest Rates Effective Policy Tool
20.10.2019
A research paper published by the Federal Reserve Bank of San Francisco shows how negative interest rates could become an important policy tool for fighting future economic downturns. The paper examines the market response to the introduction of negative interest rates by five major central banks....
G20 Finance Leaders: Stablecoins Present Serious Regulatory Risks
19.10.2019
The G20 nations agree that global stablecoins present serious public policy and regulatory risks
CME Bitcoin Futures Sees Institutional Interest and Demand from Asia
18.10.2019
Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest. Moreover, despite the lackluster start, the Intercontinental Exchange’s (ICE) Bakkt platform...
Apple’s CEO Meets Chinese Regulator Following Hong Kong App Affair
18.10.2019
Tim Cook, Apple’s CEO recently met the head of the Chinese market regulator a week after it removed an app that had drawn China’s ire. Last week, Apple had found itself in the middle of the political crisis regarding China and Hong Kong. An app named HKmap.live, that had been available in the Apple...
French Finance Minister Warns He ‘Cannot Countenance’ Facebook’s Libra
17.10.2019
France: government minister attacks Facebook’s Libra once again
Major Singapore Bank Completes First DLT Trade Financing Transaction
17.10.2019
A Singaporean banking branch of CIMB Group, one of the largest Asian investment banks, has completed its first blockchain-based trade financing transaction
EY Launches Blockchain Tool to Help Bring Accountability to Public Finances
16.10.2019
The accounting giant is using blockchain tech to assist governments in improving transparency and accountability in the management of public funds
EY Unveils Public Finance Blockchain to Track Gov’t Spending
16.10.2019
Big Four auditing firm Ernst & Young has launched a blockchain platform to increase the transparency of public funds spending
G20 Informed Stablecoins Could Pose Financial Stability Risk
16.10.2019
The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges. Also read: Unicef...
New Regulations in Nigeria Opens Up Opportunities for MNOs
16.10.2019
Regulations passed by the central bank of a nation are the most important factor when it comes to any kind of innovation. In a new development, it has emerged that the Central Bank of Nigeria is exploring the possibility of allowing Mobile Network Operators (MNOs) to set up banks meant for payment...
South Korea Aims to Put Trade Finance on the Blockchain by 2021
15.10.2019
The government-backed program will bring trade and contract data into distributed ledgers
Diversified Crypto Fund Receives FINRA Regulatory Approval
15.10.2019
Grayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies. In addition, the firm offers nine single-asset investment funds, some of which...
Dubai, Emirates NBD Sign MoU on Blockchain Trade Finance Solutions
14.10.2019
Dubai Chamber of Commerce signs MoU with Emirates NBD for blockchain-based trade finance within the Digital Silk Road initiative in the UAE
Trade Finance Blockchain Platform Marco Polo Collaborates With 20 Banks
14.10.2019
Having established itself as the world’s largest and fastest-growing blockchain-based trade and working capital finance platform, Marco Polo has expanded its working space by partnering with over twenty reputed banking networks. The platform is piloting its first trading phase of a strategic deal...
Karatbars Accused of Fraud; Claims Obama’s Sister is a Supporter
12.10.2019
Karatbars International is a project led by Harald Seiz, Josip Heit, Alex Bodi, and Ovidiu Toma. It is a global Multi-level Marketing (MLM) e-commerce business known for selling small gold bars and gift items in gold bullion. The company has come under fire recently over its past promises...
Trade Finance Blockchain Marco Polo Pilots First Russia-Germany Transactions
11.10.2019
Marco Polo, the trade finance blockchain with over 20 global banks on board, is piloting its first trading arrangement between Germany and Russia
Malaysian Finance Ministry: Cryptocurrency Adoption Remains Low
11.10.2019
Malaysia’s finance ministry says despite commanding significant attention, global and domestic adoption of crypto remains low
U.S. Warns Visa, Mastercard to ‘Proceed With Caution’ Regarding Libra
11.10.2019
In the wake of Paypal’s very public exit from the Libra project, U.S. lawmakers are now pressuring Stripe, Visa and Mastercard to rethink their membership of the Libra Association as well. On October 8, three letters from two U.S. senators urged the tech and finance giants to “carefully...
Japan Security Token Offering Association: The Way of Self-Regulation
10.10.2019
The emergent Japan Security Token Offering Association aims to renovate the STO market via self-regulation, promising to create a standard for others to follow. But are there any drawbacks to this novel approach?