Day: 30 October 2023

The Monetary Authority of Singapore (MAS) has initiated a significant collaboration with financial regulators from Japan, Switzerland, and the United Kingdom to foster the development of cross-border digital currency products and services.  In a statement released on October 30, 2023, the MAS announced the formation of a policymaker group, including ...

Cross-border transfers and remittances in Africa pose a persistent challenge that modern fintech startups struggle to effectively address. The current system is inefficient, lacks transparency, and proves cost-ineffective.  These payment problems have hindered Africa's cross-border trade growth and made it difficult for businesses to expand and access new customers. These ...

The early success of Web3 games like Axie Infinity attracted significant media attention and a large following of gamers and enthusiasts. The concept of Play-to-Earn (P2E)—rewarding gamers for active participation—sharply contrasts with traditional gaming systems. In traditional gaming spaces, players invest time and cannot directly generate profits as they do ...

Thailand's second-largest bank, Kasikornbank (KBank), has completed the acquisition of a majority stake in the local cryptocurrency exchange Satang Pro. The deal, valued at 3.7 billion baht, approximately $103 million, was officially announced through the Stock Exchange of Thailand (SET). Thailand's second-largest bank, Kasikornbank (KBank), has completed the acquisition of ...

Standard Chartered's crypto custody spin-off, Zodia, has launched its operations in Hong Kong to meet the growing institutional demand for crypto services in the region. The move was announced in an exclusive report by CNBC on October 29, 2023.  According to the CNBC report, the platform will initially support a ...