Popular stablecoin issuer Paxos is set to introduce a new U.S. dollar-backed stablecoin in Singapore, marking a significant step in its global expansion strategy. In an official statement released on November 15, 2023, Paxos revealed that it obtained an...
Umar Farooq, JPMorgan's Global Head of Financial Institution Payments, has projected that the bank's premier flagship digital asset, JPM Coin, will soon start processing daily transactions of over $ 10 billion within the next one or two years. Farooq...
According to IMF Managing Director Kristalina Georgieva, artificial intelligence (AI) has the potential to amplify the benefits of central bank digital currencies (CBDCs). Speaking at the ongoing Singapore FinTech Festival at Tampines on Wednesday, November 15, 2023, the IMF...
A new study commissioned by the top French financial regulator, the Financial Markets Authority (AMF), has highlighted a substantial uptick in cryptocurrency investments among French retail investors. The study, which was based on a survey of over 8,000 participants,...
Crypto.com has obtained a VASP License from Dubai's VARA and is proceeding to the final stage of regulatory approval for virtual asset services in the region. The crypto exchange announced this development in an official statement published on November...
Bitget has decided to permanently exit the Hong Kong market just seven months after establishing a dedicated regional division. In an official statement released on November 13, 2023, the crypto exchange disclosed that its Hong Kong division, BitgetX, is...
Standard Chartered's venture capital arm, SC Ventures, has joined forces with Japanese financial conglomerate SBI Holdings to establish a $100 million digital asset investment fund in the United Arab Emirates (UAE). The collaboration, as revealed in a press release...
Spain's top financial regulator, the National Securities Market Commission (CNMV), has taken action against Miolos Desarrollos S.L., a crypto firm, for violating the country's advertising and promotion rules related to cryptocurrencies. The CNMV announced these disciplinary proceedings through a...
Swiss crypto bank SEBA's Hong Kong subsidiary has received a full operating licence from the region's financial regulator, the Securities and Futures Commission. The crypto bank announced this development in an official statement on November 8, 2023. According to...
Binance has launched a new Web3 wallet service that simplifies and secures user engagement with Web3 technologies, such as DeFi and dApps, for its vast user base of over 140 million. The crypto exchange announced this development at its...
