BIS’ mBridge shows CBDCs enhance cross-border payment efficiency: HKMA
The pilot successfully executed real-value cross-border transactions involving four currencies and 20 commercial bank participants across four jurisdictions, the HKMA said.
-
-
Chinese blockchain firms conducting financial businesses may be violating PBOC guidelines
The People’s Bank of China (PBOC) has reminded financial technology (fintech) firms to comply with financial laws and regulations, in the central bank’s new set of guidelines released earlier this month.
-
Markets: Bitcoin price hits three-week high; top 10 cryptos gain, led by Ether
Bitcoin posted a three-week high in afternoon trading in the Asia time zone. Ether led gains across all top 10 cryptocurrencies by market capitalization, with a 12% surge. Cardano’s ADA and Solana’s token also registered double-digit gains.
-
S.Korea’s Shinhan Securities lays groundwork toward hoped-for crypto expansion
As a leading financial institution of South Korea, Shinhan is gearing up for business expansion into crypto — while a local ban remains on the books.
-
UK lawmakers vote to regulate digital assets as financial instruments
Lawmakers in the British Parliament’s lower house voted in favor of recognizing cryptocurrency assets as regulated financial instruments and products Tuesday.
-
Singapore court issues ‘huge’ NFT decision, allows papers to be served via blockchain
The lead counsel for the plaintiff in the case has called Friday’s ruling a decision with implications for the global blockchain industry
-
Australian 2022 budget confirms digital assets will not be taxed as foreign currency
The Australian Government has clarified that cryptocurrency will continue to be taxed as an asset class instead of a foreign currency in its 2022 budget released on Tuesday.
-
As US midterms approach, poll says voters want policy interests to align with crypto, technology
Survey reveals popularity of crypto ownership among voters, their hopes for the industry’s growing potential and the need for regulation to protect consumers.