South Africa’s Financial Sector Conduct Authority (FSCA) has warned the country’s public against dealing with crypto exchange platform Binance.
According to a Sept. 2 report, the SEC has established a dedicated fintech division tasked with studying crypto and blockchain investments and products – knowledge it could then marshal into a future crypto regulatory framework.
The initiative, dubbed Project Dunbar, will prototype shared platforms enabling direct transfers between institutions using digital currencies issued by multiple central banks. The pilot’s findings will be used to inform the “development of global and regional platforms” in addition to supporting the G20’s roadmap for improving cross-border payments.
Amid El Salvador preparing to officially enforce the country’s Bitcoin Law in early September, Salvadorans took to the streets to protest over the adoption of Bitcoin (BTC) as an official currency.
The Monetary Authority of Singapore (MAS) has shortlisted 15 “Global CBDC Challenge” participants to help build an in-house retail central bank digital currency (CBDC).
The Central Bank of Nigeria (CBN) said Monday it will work with Bitt Inc., a blockchain and payments startup, to launch the African nation’s eNaira digital currency later this year.
International banking group Standard Chartered (SC) and a supply chain fintech services company in China will jointly create a blockchain-based trade finance platform.
There are multiple aspects of blockchain — from business to technical and more — but with the way the industry is exploding, it’s really hard to get it right.
According to Deloitte’s “2021 Global Blockchain Survey,” 81% of the financial services industry (FSI) executives believe that blockchain technology is “broadly scalable” and has achieved mainstream adoption.
The aim was to see if the trade documents issued by two separate systems can be verified by each other. ANZ Bank, Standard Chartered, DBS Bank and Rio Tinto also participated.
