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Basel committee proposes full disclosure of banks' cryptocurrency holdings
Oct 10,2023
According to recently proposed plans of the Basel Committee on Banking Supervision, which establishes standards for traditional finance institutions, banks will be required to fully disclose their cryptocurrency holdings. This move comes as internati...
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The United States House of Representatives Financial Services Committee announced that Facebook CEO Mark Zuckerberg will testify before the Committee
Oct 09,2023
The U.S. Congresswoman Maxine Waters, Chairwoman of theUnited States House of Representatives, Financial Services Committee,announcedthat Facebook Chairman and CEO Mark Zuckerberg will testify on October 23 hearing. Hearing will be held related to de...
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UNICEF launches Cryptocurrency Fund
Oct 08,2023
The United Nations Children's Fund (UNICEF) is the first UN agency that allows donations in cryptocurrency through the launch of Cryptocurrency Fund. Through the new fund, UNICEF will be able to receive, hold, and disburse donations of cryptocurrenci...
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The Swiss National Bank and the Bank for International Settlements to start a digital central bank innovation hub in Switzerland
Oct 08,2023
The Central Bank of Switzerland (CSB) and the Bank of International Settlements (BIS) are working together on establishing an innovation hub which will focus on the deployment of central bank controlled digital money. Tests will be made by using the ...
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Walmart to extend the use of blockchain technology to improve seafood supply chain
Oct 07,2023
Walmart has been using blockchain based solutions for food supply chains since 2017. The company announced apilot projectfor blockchain tracked supply chains for its seafood producers. The project will start tracking shrimps imported from India to th...
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Sam Altman's crypto venture Worldcoin facing ban in Kenya over legal and safety issues
Oct 05,2023
A Kenyan parliamentary panel has recommended the shutdown of Worldcoin in the country due to concerns about the 'authenticity and legality' of its operations in the digital identity, financial services, and data security domains. An ad hoc committee ...
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PayPal to leave Libra Association
Oct 04,2023
Online payment company PayPal announced that they will leave the Libra Association, the organisation behind Facebook's cryptocurrency Libra. Announced as one of the first backers of Libra cryptocurrency, PayPa was a part of 28 global companies that f...
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Liechtenstein approves blockchain act
Oct 03,2023
Legislators in Liechtenstein have approved the 'Token and Trustworthy Technology Service Providers Act' (TVTG), often referred as a blockchain act. The act was put in motion back in May 2019, and with the approval of the parliament it will enter into...
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Barbados Stock Exchange to begin crypto-trading
Oct 01,2023
The Barbados Stock Exchange (BSE) will join the blockchain revolution by opening up a market for crypto-assets soon, BSE Managing Director Marlon Yarde has revealed.The stock exchange is anticipating regulatory approval for the trade in securitized d...
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Hong Kong acts against unregulated cryptocurrency trading platforms
Sep 26,2023
The Securities and Futures Commission (SFC) in Hong Kong is stepping up efforts to combat unregulated cryptocurrency trading platforms in the region. The SFC plans to enhance transparency by publishing a comprehensive list of licensed, deemed license...
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Malta initiates crypto regulation changes to align with EU's MiCA regulation
Sep 18,2023
Malta's Financial Services Authority (MFSA) has launched a public consultation to gather feedback on proposed changes to its crypto regulations. The objective is to bring the regulations in line with Europe's Markets in Crypto-Assets (MICA) regulatio...
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The Ministry of Health of UAE, has launched the blockchain-based system to share the assessment information
Sep 18,2023
Ministry of Health of the United Arab Emirates, issueda statementabout the successful development of the infrastructure for the blockchain based system to save and share the assessment information of health professionals, including doctors, pharmacis...
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