Global
Global: SWIFT Plots Real-Time Role for Next 50 Years of Cross-Border Payments
Any business that has ever tried to receive a payment from abroad has likely experienced the frustration of a multiday delay for the ...
Global
Global: Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies
Crypto Operators in Uzbekistan to Be Charged Fixed Fees for Their Business Activities Authorities in Uzbekistan have adopted a law which obliges entities working with ...
Global
Global: Unregulated Crypto Poses Risks to Financial System, FSOC Report Says
The U.S. Department of the Treasury’s Financial Stability Oversight Council has reported that crypto-asset activities “could pose risks” to the U.S. financial system’s ...
Global
Global: U.N. Calls on Fed, Other Central Banks to Halt Interest-Rate Increases
The Federal Reserve and other central banks risk pushing the global economy into recession followed by prolonged stagnation if they keep raising interest rates, ...
Global
Global: Oman to also start usage of India’s RuPay card, UPI platform
RuPay is an Indian payment gateway like a Visa or Mastercard and is increasingly being expanded to India’s neighbouring countries or nations with ...
Global
Global: Central Banks of Israel, Norway and Sweden Team Up to Explore Retail CBDC
The central banks of Israel, Norway and Sweden have teamed up with the Bank for International Settlements (BIS) to explore how central bank ...
Global
Global: BIS Proclaims Success in Multi-CBDC Cross-Border Payment Pilot Project
As part of the experiment, several central banks participated in the mBridge project, a multi-CBDC platform for international payments. The Bank for International ...
Global
Global: UPI transactions up over 3% at almost 7 billion in September 2022
UPI transactions increased by more than three percent to 6.78 billion in September from a month prior, as per the data released by ...
Global
Global: India Govt hikes interest rates on small savings schemes
The Central government has announced to raise the interest rate of small savings schemes for Q3 (from October 1 to December 31, 2022). ...
Global
Global: Barclays awards Lloyds Bank first place in CBDC Hackathon
Taking place over two days at the bank’s fintech hub, Rise, the Barclays CBDC Hackathon saw nine teams attempt six key challenges as ...