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Global Debt Reaches a Record USD 226 Trillion


  Vitor Gaspar, Director of the International Monetary Fund (IMF)’s Fiscal Affairs Department, Paulo Medas, Division Chief in the same department, and Roberto Perrelli, a Senior Economist in the IMF’s Fiscal Policy and Surveillance Division, Fiscal Affairs Department._____... Read More: Global...

Banking Giant KB Creates Crypto, NFT & CBDC-compatible Wallets


  The South Korean banking giant Kookmin Bank (KB) says it has developed new multi-coin wallets that are capable of storing non-fungible tokens (NFT) and various tokens including central bank-issued coins. Per Fn News, KB has developed solutions using the Klaytn blockchain protocol, which...

Leading Mexican Retailer Grupo Elektra Accepts Bitcoin


Mexico’s Grupo Elektra, a leading retailer in Latin America, is accepting bitcoin for payments. The chain belongs to conglomerate Grupo Salinas, which is owned by Mexico’s third-richest billionaire, the pro-bitcoin Ricardo Salinas Pliego. Ricardo Salinas Pliego’s Retail Chain...

Ukrainians Offered New Crypto Services, Bitcoin Cards


Along with the growing popularity of cryptocurrencies, Ukrainians are enjoying an expanding range of related services and products. Besides new options to buy and trade coins, crypto users in the country will be offered two cards that will allow them to spend their digital currencies in stores...

Chinese Banks ‘Educate’ the Public on the Pitfalls of Crypto


  Provincial branches of China’s biggest commercial banks have begun “educating” the general public on the dangers of crypto and money-laundering – but it appears that the message that crypto and mining is “bad” isn’t getting through to some public officials.... Read More: Chinese Banks ‘Educate’...

Meta Spends USD 60M On Rights, Trademarks To Secure Its New Name


  Facebook’s parent company Meta is determined to spend USD 60m to acquire the naming rights owned by the US bank Meta Financial Group, the latter company disclosed in a recent regulatory filing.  Earlier this month, Meta Financial Group executed a purchase agreement with Beige Key LLC,...

Visa Doubles Down on Its Crypto Bet, Launches Crypto Consulting Service


  Multinational financial services giant Visa is pushing deeper into the booming crypto market, launching crypto advisory services to help clients understand various segments of the crypto industry. In an announcement, the payment network acknowledged that "digital currencies are taking greater...

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