Zodia Markets Obtains VASP License In Ireland
Zodia Markets, sponsored by Standard Chartered, has obtained a VASP license from the Central Bank of Ireland in light of the MiCA regulation. Digital asset exchange and brokerage platform Zodia Markets, sponsored by Standard Chartered, announced on Friday that it has received a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland. […]
Privacy in DeFi: Challenges and Solutions for Anonymity
DeFi, as the name implies, is a decentralized financial system that eliminates the requirement for a centralized authority to process financial transactions anywhere in the world. While there are many benefits to using DeFi, like increased transparency and accessibility, there is an increasing concern about privacy in DeFi. The fact that users must take most […]
IBM Plans to Automate “Back-Office” Jobs with AI
IBM CEO Arvind Krishna said the company expects to replace around 30% of its non-customer-facing staff with AI technology over the next five years. IBM Seeks to Adopt AI Technology to Improve Efficiency and Reduce Costs International Business Machines Corp (IBM) is looking to put a “pause” on hiring for “back-office” roles that could be […]
SEC Gets Green Light to Seek Singapore Records in Do Kwon Case
The SEC has obtained a court order to seek records from Singapore’s regulator as part of its lawsuit against Terraform Labs and its founder Do Kwon for allegedly defrauding investors through a stablecoin scheme. In February, the SEC filed a lawsuit against Terraform and Kwon, accusing them of offering unregistered securities and engaging in a […]
South Africa’s Central Bank ‘Paves Way’ for Crypto Clients
South Africa’s Central Bank said that customers with digital assets shouldn’t be banned “en masse.” South Africa’s central bank said that banks can now deal with funds linked to digital assets and shouldn’t block all crypto clients randomly. The South African Reserve Bank (SARB) said in new guidelines released this week that banks in the […]