Global
Venezuela to launch CBDC in October
The Central Bank of Venezuela will launch a CBDC in October alongside a monetary redenomination that will cut six zeros from the currency ...
Global
New CBDC report highlights potential opportunities and challenges of introducing a Central Bank Digital Currency in the U.S.
Around the world, central banks in countries such as China, Sweden, South Korea, Japan and Switzerland have started researching, experimenting with, and testing the launch ...
Global
FCA stops BDSwiss offering CFDs to UK customers
The UK financial regulator The FCA has announced that it has acted to stop Cyprus based firm BDSwiss Holding Plc, and other members ...
Global
Singapore grants first regulatory in-principle approval to crypto exchange
Independent Reserve, an Australian crypto exchange founded in 2013, has become the first cryptocurrency exchange in Singapore to receive an “in-principle approval” to operate as ...
Global
HSBC Asset Management creates specialist fintech investment arm
The asset manmagement arm of HSBC has launched a new venture capital investment strategy aimed at giving clients expopsure to companies that will ...
Global
13 Canadian FIs support Interac to introduce instant digital payments for businesses
Interac, with the support of 13 Canadian financial institutions, has launched Interac e-Transfer for Business, a solution that builds on the widespread adoption ...
Global
UBS fined with USD 1.5 mln for compliance breaches by Hong Kong regulator
Swiss bank UBS has been fined USD 1.5 million by Hong Kong’s securities regulator for failing to disclose its holdings in some companies covered in ...
Global
UK reveals next step in plans to govern use of digital identities
The UK government has published the second version of its digital identity trust framework which is part of plans to make it faster ...
Global
Central Bank of Iran increases the credit card limit
The Central Bank of Iran (CBI) has increased the credit card limit by four times allowing banks to offer up to USD 8,000 in credit. ...
Global
Ernst & Young, auditors to pay over $10 M to settle SEC charges
Accounting firm Ernst & Young LLP, a partner and two former employees agreed to pay more than $10 million to settle U.S. Securities ...