Global
TradeTogether gets MAS exemption
Singapore-based TradeTogether, a fintech digital assets management company, has received a MAS exemption to manage cryptocurrency funds for high-net-worth and institutional investors. The exemption ...
Global
Ebay suspends direct debit payments in Germany due to possible fraud
Internet trading platform Ebay and payment service provider Ratepay have announced disabling the possibility to pay by direct debit in Germany. It is currently being investigated whether ...
Global
EBA releases report on IFRS 9 monitoring
EBA has noted significant efforts in IFRS 9 implementation by EU institutions but cautions on some of the observed accounting practices, especially in the ...
Global
South Korea’s financial regulator lays groundwork for ICO regulations
South Korea’s 2017 ban on initial coin offerings (ICOs) may soon be overturned following calls by the country’s financial regulatory agency to include ...
Global
UK to make APP fraud reimbursement mandatory
UK’s government is to legislate for mandatory reimbursement for victims of authorised push payment (APP) scams after hundreds of millions of pounds were ...
Global
Brazil’s Central Bank Plans to Launch a CBDC Pilot in 2022: BCB Report
The monetary authority of the Latin American country has said it expects to launch a final version of its central bank digital currency ...
Global
ECB extends oversight of electronic payments to digital wallets and crypto-assets
The European Central Bank has approved a new oversight framework for electronic payments which will include coverage of stablecoins and other crypto-assets. The ...
Global
U.S President Joe Biden Renominates Jerome Powell as Fed Chair
United States President Joseph Biden has put forth Jerome Powell to remain as the chair of the Federal Reserve, subject to Senate approval, ...
Global
World Economic Forum releases findings of interoperability study on three CBDCs
Two CBDCs have been formally introduced and are recognized by international regulators. However, more are unfolding by the day or functioning on an ...
Global
El Salvador Plans to Build Tax-Free Bitcoin City
El Salvador is delving further into bitcoin and plans to issue sovereign bitcoin bonds, Bloomberg reported. The country, which has already made bitcoin ...