China Boosts Global Influence with New Digital RMB Center in Shanghai In a strategic move to expand its global influence and enhance financial market services, the People’s Bank of China has recently launched a digital RMB hub in Shanghai. This initiative marks a significant step in China’s efforts to promote the international use of its […]
Quantum-classical hybrid outperforms, according to HSBC and IBM study
Quantum-Classical Hybrid Outperforms: HSBC and IBM Study Reveals Insights In the realm of corporate bond trading, where every microsecond and every fraction of a percentage point matter, the quest for more effective and efficient trading strategies never ceases. Recently, HSBC and IBM made waves in the financial world by unveiling groundbreaking findings from a collaborative […]
US Treasury opens consultation on stablecoin regulation
US Treasury Initiates Public Consultation on Stablecoin Regulation The US Treasury has taken a significant step towards regulating stablecoins by initiating a public consultation process. This move comes in the wake of increasing concerns surrounding the use and impact of stablecoins in the financial market. The Treasury’s decision to seek public comments on the new […]
Australian ASIC grants stablecoin relief to boost innovation
Australian ASIC Grants Stablecoin Relief to Boost Innovation The Australian Securities and Investments Commission (ASIC) has recently made a significant move to foster innovation in the finance sector by granting stablecoin relief. This decision is poised to streamline processes for intermediaries handling stablecoins issued by an Australian Financial Services (AFS) licensee. The regulatory relief eliminates […]
Swiss banks achieve milestone with deposit token test
Swiss Banks Achieve Milestone with Deposit Token Test Switzerland, known for its precision in watchmaking and banking, has once again proven its commitment to innovation with the recent successful deposit token test. This milestone not only showcases Switzerland’s dedication to staying at the forefront of digital money innovation but also underscores the country’s ambition to […]
Openbank adds cryptocurrency trading for German customers
Openbank Adds Cryptocurrency Trading for German Customers Openbank, the innovative digital bank, has made a significant move by introducing cryptocurrency trading for its German customers. This new service not only caters to the growing demand for digital assets but also positions Openbank as a forward-thinking financial institution in the ever-changing landscape of banking and investment. […]
UN to train governments in blockchain and AI
UN to Train Governments in Blockchain and AI The United Nations (UN) is taking a groundbreaking step towards empowering governments worldwide by providing training in blockchain and artificial intelligence (AI). This initiative aims to equip government officials with the knowledge and skills necessary to leverage these cutting-edge technologies effectively in various sectors, including digital IDs, […]
Vietnam confirms cyberattack on National Credit Information Center
Vietnam Confirms Cyberattack on National Credit Information Center In a concerning turn of events, Vietnam has confirmed a cyberattack on its National Credit Information Center. The early findings of the incident are pointing towards a criminal attempt to steal personal data, raising alarms about the security of sensitive information in the country. As a result, […]
AI scams target seniors’ savings
Beware of the Phantom Hacker: AI Scams Target Seniors’ Savings In the digital age, where technology advances at a rapid pace, it’s no surprise that scammers are leveraging artificial intelligence to orchestrate elaborate schemes. One such scam that has been gaining traction is the Phantom Hacker scheme, specifically designed to target seniors and exploit their […]
ESMA highlights risks of tokenised equity products
ESMA Highlights Risks of Tokenised Equity Products The European Securities and Markets Authority (ESMA) recently brought attention to the growing trend of tokenised equity products. While these digital assets offer a new way for investors to track share prices, they do not confer actual ownership of the underlying stocks. This distinction raises concerns about potential […]