Global
Global: IMF calls for regulatory crackdown on fast-growth fintechs
The International Monetary Fund says fast-growing fintechs pose challenges for both regulators and less technologically advanced banks, whose long-term viability may be under ...
Global
Global: UK remittance startup Leatherback raises $10 million
Leatherback, a UK startup for international remittance payments for migrant workers and multi-currency businesses, has raised $10 million in a pre-seed round led ...
Global
Global: UK remittance startup Leatherback raises $10 million
Leatherback, a UK startup for international remittance payments for migrant workers and multi-currency businesses, has raised $10 million in a pre-seed round led ...
Global
Global: UAE, South Korea central banks extend currency swap agreement for 5 years
The Central Bank of the UAE (CBUAE) and the Bank of Korea (BoK) on Wednesday renewed the bilateral local currency swap agreement to ...
Global
Global: US Federal Reserve Officially Considering CBDC to ‘Improve Existing Payment Systems’
The U.S. Federal Reserve announced that it is considering a central bank digital currency (CBDC). The bank said that it was the right ...
Global
Global: Microsoft Facing Cloud-Based Antitrust Complaints in Italy, Denmark
Italian cloud provider Aruba SpA and several Denmark-based cloud providers have filed a complaint against Microsoft Corp with the European Union’s antitrust watchdog, ...
Global
Global: Bank of Japan will not launch CBDC to achieve negative interest rates, representative says
Although the idea has been discussed in academic circles, a senior central bank official has rebuffed the possibility of the Bank of Japan ...
Global
Banks May Face Competition From CBDCs, Study Suggests
The survey also shows central banks are uncertain whether distributed ledger technology should underpin a government-backed digital currency. A market in Harbour Island, ...
Global
Global: Nexo and Mastercard launch ‘world first’ crypto-backed payment card
Crypto lender Nexo said it has teamed up with global payments company Mastercard (MA.N) to launch on Wednesday what it calls the world’s first “crypto-backed” ...
Global
Global: China’s Central Bank Likely to Cut Interest Rate for Second Time
China’s central bank is expected to cut its key policy interest rate for the second time this year on Friday and reduce the reserve ...