European Parliament votes to create EU digital wallet’s final law
European legislators have advanced the adoption of a digital wallet for the entire European Union (EU) by approving a motion to forward the plan. According to a formal statement, the European Parliament voted on March 15 in favor of drafting a mandate for discussions with the EU member states on the reform of the new […]
India, UAE sign bilateral CBDC, Fintech innovation agreement
In a significant move towards fostering innovation in the financial sector, CBUAE and RBI have signed a CBDC and Fintech innovation agreement. The agreement aims to improve coordination between the two central banks, with a particular emphasis on new fintech applications like central bank digital currencies (CBDCs). According to the terms of the Agreement, the […]
Federal Reserve Announces July Launch For FedNow Service
The Federal Reserve Board announced that its real-time payments system, FedNow Service, is expected to launch in mid-2023. A new quick payment service named FedNow will soon be introduced, according to the Federal Reserve’s financial services section. If all goes according to plan, the system will formally launch in July. According to Ken Montgomery, a […]
SVB Parent Firm Reportedly Contemplating Bankruptcy
Silicon Valley Bank’s parent company, SVB Financial Group, is exploring for methods to liquidate its assets and is considering filing for bankruptcy as one of its options. SVB Financial is reportedly looking for purchasers for its remaining assets and considering bankruptcy, according to a Reuters article that quoted unnamed sources; however, sources stated that the […]
Crypto Casinos Security in USA: How to Keep Your Funds and Information Safe
In recent years, the popularity of crypto casinos has grown tremendously. Many players seek the convenience and anonymity of these crypto casinos. These crypto casinos offer the perfect combination of privacy and entertainment that most gambling enthusiasts seek. However, the cryptocurrency space is full of unscrupulous dealers. Many security threats are posed by crypto casinos. […]