Visa Completes Hong Kong CBDC Pilot Test with Local Banks
Visa has completed the e-HKD Central Bank Digital Currency (CBDC) Pilot Programme with HSBC and Hang Seng Bank for the Hong Kong Monetary Authority. According to an announcement made on November 1, the e-HKD Programme involves the tokenization of deposits, in which the money entrusted with a bank is minted on the firm’s blockchain ledger, […]
Turkey Drafts New Crypto Regulations to Escape FATF ‘Grey List’ Status
According to reports, Turkey is drafting new regulations to govern crypto assets to convince the Financial Action Task Force (FATF) to remove it from a “grey list” of nations that have not done enough to combat money laundering and terrorist financing. In 2021, the FATF placed Turkey on its grey list. According to a report, […]
Collins Dictionary Names ‘AI’ Word of the Year for 2023
The Collins Dictionary, one of the world’s foremost publishers of English-language dictionaries, named artificial intelligence, specifically its abbreviation “AI,” the word of the year for 2023. The Collins dictionary defines AI as “the modeling of human mental functions by computer programs.” The publisher of dictionaries predicted that AI-powered language models would “explode into the public […]
Near Protocol Integrates Nym for Metadata Privacy, Encryption Services
Layer 1 Protocol Near has hired blockchain security firm Nym Technologies to provide end-to-end encryption and metadata privacy services for its ecosystem and DApps operating across it. Nym, a blockchain-agnostic layer-0 privacy infrastructure provider, will offer its mixnet tools to encrypt and conceal blockchain traffic and communication across the Near Protocol ecosystem. Masking off-chain metadata […]
Bastion Secures 2 Money Transmitter Licenses in US
Bastion, a new cryptocurrency startup founded by two former Andreessen Horowitz (a16z) executives, has been granted two money transmitter licenses (MTL) in the United States. Bastion has obtained its first two MTL licenses in New Hampshire and Arkansas, the company announced on October 31. The new licenses issued by the New Hampshire Banking Department and […]