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Bank of China & E-commerce Giant Meituan Strike Digital Yuan Deal
5.9.2023
The Bank of China and the e-commerce heavy-hitter Meituan have signed a digital yuan collaboration deal, with both firms looking to step up their CBDC capabilities.
Per the Securities Times, via Stockstar, the two firms have sealed a “cooperation agreement” that will see them “deepen” their...
BNY Mellon: US Dollar’s Global Reserve Status Safe Despite BRICS Expansion
5.9.2023
The Bank of New York Mellon has provided insights into why the growth of the BRICS economic alliance is unlikely to impact the U.S. dollar’s dominance as the global reserve currency. “We think the most important factor for dollar use into the next decade revolves around technology...
Grayscale victory, SEC delays decision on Bitcoin ETFs: Law Decoded
4.9.2023
Grayscale victory doesn't help Bitocoin spot ETF approval on first deadline as SEC postpones decison to next deadline
Singapore's New President, a Former Central Bank Chairman, Has Called Crypto 'Slightly Crazy'
4.9.2023
Tharman Shanmugaratnam, who has previously called crypto "purely speculative" and "slightly crazy," was officially elected as Singapore's president early Saturday morning
State Bank of India Introduces UPI Integration for Digital Rupee
4.9.2023
India's largest public sector bank, State Bank of India (SBI), has introduced UPI (Unified Payments Interface) interoperability with Digital Rupee, India’s Central Bank Digital Currency (CBDC).
Currently, there are 300 million UPI users and 500 million merchants who use UPI to accept money...
Indian central bank-backed NPCI begins blockchain recruitment
4.9.2023
Singapore, Malaysia, UAE, France, BENELUX countries, Nepal and the UK have adopted the NPCI's UPI payments system in varying degrees
Bank of China: Digital yuan payment option must be offered in retail scenarios
4.9.2023
In the short term, the e-commerce platforms can integrate the CBDC through the QR codes
China’s Central Bank Official Stresses on Use of Digital Yuan in Retail Sectors
4.9.2023
The head of the Digital Currency Research Institute at the People's Bank of China (PBOC), Changchun Mu, has emphasized the necessity of making the digital yuan available for all retail payment scenarios.
Mu made this statement during a trade forum held in Beijing, where he also underscored...
Chinese Bank Uses Digital Yuan Giveaway to Promote Waste Recycling Drive
4.9.2023
A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste.
Per Danzong, via Xinhua, the Qingdao Branch of the Bank of Communications has launched a CBDC-powered rewards solution.
The bank...
Digital rupee gets big usability boost through Yes Bank integration with UPI
1.9.2023
Yes Bank’s app UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch since December
Binance Launches ‘Send Cash’ Remittance Services in Latam
1.9.2023
Binance, the largest cryptocurrency exchange by volumes traded, has announced the launch of “Send Cash,” a Latam-focused remittance service. The newly launched tool will allow users in nine countries in the region to send crypto to bank accounts of friends or family in Argentina...
US Lawmaker: Americans Don’t Need CBDC That Can Track Purchases Like China’s Digital Yuan
1.9.2023
Several lawmakers have expressed concerns about the privacy risks of the Federal Reserve issuing a central bank digital currency (CBDC). “Americans have a right to financial privacy,” one congressman said, emphasizing: “We do not need a CBDC that can track your purchases like China does...
Bank Messaging Firm SWIFT Leans Toward Blockchain Integration Over Unifying Tokenization After Experiments – Here's the Latest
31.8.2023
Bank messaging network SWIFT has said that blockchain interoperability is a better approach in the short term to financial solutions than uniting Central Bank Digital Currencies (CBDC) and other assets into a single ledger.
In a recent release, “Connecting blockchains: Overcoming fragmentation...
Swiss SEBA Bank Obtains In-Principle Approval to Offer Crypto Services in Hong Kong
31.8.2023
Switzerland-based crypto-friendly SEBA Bank announced it has received an approval-in-principle to operate in Hong Kong. The regulatory nod brings the Swiss bank’s local entity closer to becoming a licensed provider of various services for crypto assets in the Chinese region. SEBA Bank Takes a Step...
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....
Prosecutors Challenge FTX Founder’s Legal Advice Defense Ahead of Fraud Trial
30.8.2023
Sam Bankman-Fried’s legal team claimed last week that the FTX founder received assurances from lawyers his actions were lawful. However, federal prosecutors are now contesting the validity of Bankman-Fried’s defense strategy ahead of trial. Bankman-Fried’s Legal Defense...
Tether Turns to Britannia Bank & Trust Amidst US Crypto Banking Struggles
30.8.2023
Stablecoin issuer Tether has established a banking relationship with Britannia Bank & Trust, a privately-held bank located in the Bahamas, to facilitate dollar transfers, according to unnamed sources cited by Bloomberg.
Although it remains unclear exactly when the new banking relationship started...
Jamaican taxi drivers bullish on accepting Jam-Dex CBDC
30.8.2023
Jam-Dex would be significantly transformative for the public transportation sector and needs to be embraced, believes Aldo Antonio, co-founder and acting executive chairman of the National Transporters Alliance Group
Chyba není na vaší straně. Nefunguje internetové ani mobilní bankovnictví několika českých bank
30.8.2023
Hned několik finančních institucí od rána hlásí výpadek internetového a mobilního bankovnictví. Chyba nemá vliv na platby kartou, nefunguje jen vzdálená správa účtu.
Problémy hlásí Air Bank, ČSOB, KB nebo Fio banka. Podle vyjádření Filipa Hrubého z České spořitelny (pro iRozhlas) se někdo
Crypto Bank Seba Wins In-Principle Approval to Operate in Hong Kong
30.8.2023
Approval is the first step in acquiring a full license for Seba Hong Kong to deal in crypto or virtual assets-related products and traditional securities