FATF Criticizes Qatar for Not Regulating Crypto Companies
The Financial Action Task Force (FATF) has slammed the Qatar Central Bank (QCB) for failing to implement its regulations prohibiting virtual asset service providers in the country. In a report published on 31 May, the global money-laundering and terrorism financing watchdog highlighted Qatar’s need to enhance its capacity to combat evolving forms of criminality, including […]
How To Design A Trading App And Platform: 7 Things
In today’s dynamic world of finance, where time is money and opportunities are fleeting, having a seamless and intuitive trading app can make all the difference. You Should Know As the global markets continue to evolve, the demand for efficient trading platforms has skyrocketed. Whether you’re an aspiring trader or an established investor, understanding the […]
RBI Advises Banks to Adopt AI, Blockchain Technologies
Reserve Bank of India’s (RBI) Deputy Governor has recommended that Indian bank directors “adopt innovative technologies such as artificial intelligence (AI) and blockchain.” During a conference held by the Reserve Bank of India (RBI) for the directors of Indian institutions, the Deputy Governor, Mahesh Kumar Jain, discussed risk strategies for sustainable growth and stability. Jain […]
XDC Network enters Japan via SBI VC Trade Partnership
XDC Network, formerly XinFin, has expanded its presence on the Japanese market through a partnership with SBI VC Trade, a subsidiary of SBI, a Tokyo-based financial holding company. On May 31, XDC Network announced that it would join SBI’s subsidiary crypto exchange. The CEO of the exchange, Fumiki Ozaki, has confirmed the news: “We are […]
India to Expand CBDC Pilot to More Locations
The Reserve Bank of India (RBI) stated that it is expanding its ongoing pilot of the Central Bank Digital Currency (CBDC) to more locations and financial institutions so as o add more use cases and features to the digital currency. RBI stated in its annual report that the CBDC was introduced in phases throughout the […]