Swiss Embrace Digital Payments: A Doorway to Stablecoins Switzerland, known for its precision watches, impeccable chocolates, and picturesque landscapes, is now making a name for itself in the digital payment realm. Recent data has revealed that digital payments in the country have surged to represent 35% of all in-store purchases, surpassing cash transactions for the […]
Kazakhstan proposes the creation of a crypto bank
Kazakhstan’s Bold Move: Proposing the Creation of a Crypto Bank In a world where cryptocurrencies are gaining more traction by the day, countries are finding themselves at a crossroads. On one hand, there is the allure of digital currencies, promising faster transactions, lower fees, and increased financial inclusion. On the other hand, there are concerns […]
Custodia and Vantage launch first US bank-issued stablecoin
Tokenised Banking Deposits: Custodia and Vantage Lead the Way in US Stablecoin Innovation In a groundbreaking move that could revolutionize the financial landscape, Custodia and Vantage have joined forces to launch the first US bank-issued stablecoin. This collaboration marks a significant milestone in the integration of blockchain technology into traditional finance, showcasing the potential for […]
Brazilian lawmaker proposes Bitcoin salary regulation
Brazilian Lawmaker Proposes Legislation to Regulate Bitcoin Salaries In a bold move towards embracing the ever-expanding world of cryptocurrency, a Brazilian lawmaker has put forward new legislation that could pave the way for the regulation of Bitcoin salaries within the country. This groundbreaking proposal aims to legalize the option for employees to receive their salaries […]
Mark Carney criticises Bitcoin as Canada’s new prime minister
Mark Carney Criticizes Bitcoin as Canada’s New Prime Minister In a recent development that has sparked debates in the financial world, Mark Carney, the newly appointed Prime Minister of Canada, has come out strongly against Bitcoin. The former Governor of the Bank of England is known for his stance on central bank digital currencies, which […]
New Hampshire moves closer to allowing Bitcoin investments
New Hampshire Advances Legislation to Permit Bitcoin Investments New Hampshire, known for its progressive stance on various issues, is making waves in the financial realm by moving closer to allowing investments in digital assets, particularly Bitcoin. The recent bill proposes empowering the state treasurer to allocate up to 5% of specific state funds into digital […]
Financial crime agency investigates Paytm over past transactions
Financial Crime Agency Investigates Paytm Over Past Transactions The latest regulatory challenge facing Paytm has thrust the Indian fintech giant into the spotlight once again. The Financial Crime Agency’s investigation into the company’s past transactions underscores the growing oversight of the country’s fintech sector. As one of India’s leading digital payment platforms, Paytm has revolutionized […]
ECB moves closer to digital euro with blockchain innovation
ECB Accelerates Towards Digital Euro Adoption Through Blockchain Innovation The European Central Bank (ECB) has taken a significant step forward in its journey towards the adoption of a digital euro, leveraging blockchain technology to revolutionize the region’s financial landscape. This move comes as part of the ECB’s strategic goal to enhance and unify Europe’s capital […]
Russia denies digital rouble expiry rumours
Russia Denies Digital Rouble Expiry Rumours In recent weeks, speculation has been swirling around the alleged expiration of digital roubles in Russia. However, senior bank executive Alla Bakina has stepped forward to clarify that these rumors are unfounded. According to Bakina, digital roubles, much like physical cash, remain the property of the wallet holder and […]
Russia eyes digital rouble for welfare payments
Russia’s Plan to Introduce Digital Rouble for Welfare Payments In a groundbreaking move towards modernizing its financial system, Russia is considering the introduction of a digital rouble for the distribution of welfare payments. This initiative is being spearheaded by key players in the Russian financial landscape, including the Ministry of Finance, the Central Bank, and […]