Shanghai Clearing House floats digital yuan services for commodity trading
One of the changes of the new regime is abolishing the 2022 “Guidelines for the Spot Clearing Business of Bulk Commodities” in favor of the revised edition in May 2023.
One of the changes of the new regime is abolishing the 2022 “Guidelines for the Spot Clearing Business of Bulk Commodities” in favor of the revised edition in May 2023.
SNB's pilot program will explore the possibility of launching a wholesale CBDC, although technical details of its whitepaper state it will rely on commercial bank money rather than a CBDC.
As Do Kwon deals with life under police custody in Montenegro while awaiting his extradition, Swiss authorities took the initiative to freeze his assets stashed under the care of Sygnum bank.
YouTube's plan to use artificial intelligence in dubbing videos into other languages draws ire from critics worldwide, a move that could lead to a rise in misinformation online.
The South Korean telecommunication firm, KT Corporation, is invested in the intersection of AI and robotics as well as in customer care, education, and healthcare industries.
The draft regulations ban using AI for examinations, requiring teachers to educate pupils on the “tendencies and limitations” of the technology; it is also limited in artistic fields.
International money transfer operators are expected to apply for a one-time license to pay out funds in the eNaira, with the CBN providing account details for IMTOs to receive foreign currencies.
The CACEIS Bank approval was granted by France's Autorite des Marches Financiers on June 20, following a lengthy scrutiny of CACEIS' application.
The AWS Generative AI Innovation Center fund is designed to connect machine learning AWS AI experts with a global customer base to fuel the design of new generative AI projects.
Leveraging artificial intelligence, Google claims the service can detect four times more confirmed suspicious activities than traditional detection systems.
The European Central Bank intends to achieve financial inclusion through several initiatives, including providing physical digital euro payment cards, in-person support, and defunding through cash.
Singapore believes digital money would be key in revitalizing the future of the financial and payments sector, laying out standard protocols to help fintech firms with its use and ensure uniformity.