Search Results for: fiat currency

DigiFT Obtains Recognition as Recognised Market Operator and Capital Markets Services Licence From the Monetary Authority of Singapore

DigiFT, a digital assets exchange, was admitted into the Monetary Authority of Singapore FinTech Regulatory Sandbox in June 2022 for dealing in capital markets products by facilitating the issuance of security tokens, and for operating an organised market for secondary trading As a Capital Markets Services licence holder and a

December 5, 2023 4 mins read

UAE Central Bank Takes First Steps Towards CBDC Development

Mastercard’s Blockchain and Digital Asset Head Deems CBDCs Unnecessary

The head of Mastercard’s blockchain and digital assets for the APAC region told CNBC that CBDCs are unnecessary since consumers are already comfortable with fiat currency. Ashok Venkateshwaran, speaking on the fringes of the Singapore FinTech festival on Wednesday, said that adoption is the most challenging aspect of the industry.

November 17, 2023 2 mins read

Crypto Exchange XREX Secures In-principal Approval in Singapore

XREX, a cryptocurrency exchange located in Asia that focuses on global transactions, was granted in-principle approval for a Major Payment Institution (MPI) license in Singapore. The Monetary Authority of Singapore (MAS) has awarded preliminary permission to XREX Singapore for a license that would enable the firm to provide digital payment

November 17, 2023 1 min read

Bank of America Indicates a Near-Term Digital Dollar Unlikely in the U.S

Bank of America (BAC) stated in a research on Monday that central bank digital currencies (CBDCs) are on the horizon, but will not occur in the near future. The report found that 33% of the world’s central banks, representing 67% of nations and 98% of global GDP, are actively investigating

November 15, 2023 2 mins read

Citi Develops Blockchain FX Solution under the Monetary Authority of Singapore’s Project Guardian

SINGAPORE–(BUSINESS WIRE)–Citi has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades. The application is a part of Project Guardian(i), a collaborative initiative by the Monetary Authority of Singapore (MAS) and the financial industry. While the current phase of the application tested

November 15, 2023 3 mins read

Tassat® Appoints Zain Saidin as CEO to Spearhead Long-term Growth

Kevin R. Greene to continue role at Tassat as the Chairman of the Board of Directors NEW YORK–(BUSINESS WIRE)–Tassat Group, Inc., the leading provider of real-time digital payments solutions, today announced the appointment of Zain Saidin as Chief Executive Officer (CEO). Saidin assumes the CEO position after serving as Chief

November 8, 2023 3 mins read

UK Authorities Gain Power to Seize Crypto Holdings Without Arrests

UK Government Unveils 2024 Regulation Plans for Stablecoins

The UK government has updated its intentions to regulate stablecoins backed by fiat currency. The paper was released on October 30 with the intent of easing and regulating the usage of fiat-backed stablecoins in UK payment networks. The paper states that in 2024, His Majesty’s Treasury plans to present explicit

October 30, 2023 1 min read

Web3 Gaming, NFTs and More With Tegro & WazirX Co-founder

The natural evolution of Game Finance (GameFi) from Web2 to Web3 has been a journey that has yielded crucial lessons. The bear market that intensified in 2022 provided a boost for innovators and builders in the space to experiment with new paradigms. Ultimately, users are getting the opportunity to explore

October 28, 2023 14 mins read

Bitcoin Hits an All-Time High in Five Countries, What’s Behind ?

Bitcoin, the world’s leading cryptocurrency, recently made headlines by reaching all-time highs in Argentina, Lebanon, Egypt, Laos, and Nigeria. While it might have gone unnoticed in some regions, it’s essential to understand that Bitcoin’s value isn’t tied to any specific currency, and its global nature means its price can vary

October 26, 2023 3 mins read

Consensys Acquires Wallet Guard to Bolster MetaMask Security

MetaMask App Briefly Removed; Then Reinstated on Apple App Store

Self-custodial wallet MetaMask seems to have been removed from the Apple App Store and reinstated shortly after. The app could not be downloaded directly from anywhere, including the MetaMask download website for a brief while. No one has provided a reason why the cryptocurrency wallet was taken down from the

October 14, 2023 1 min read