India state-owned SIDBI completes pilots for asset tokenization
SIDBI is harnessing the power of blockchain technology under a partnership with Infosys to expand local MSMEs, foster trust among lenders, and improve processes in the financial sector.
SIDBI is harnessing the power of blockchain technology under a partnership with Infosys to expand local MSMEs, foster trust among lenders, and improve processes in the financial sector.
The latest funding received by Carnegie Mellon University will be allocated for developing an AI institute geared toward promoting the ethical usage of AI technology and the improvement of AI tools.
Lifting the ban will lend credibility to Indian players in the digital currency space and reduce the hurdles for retail investors to trade on digital currency exchanges.
Part of the conditions set by the Financial Action Task Force to remove Pakistan from its “grey list” was the ban on digital currencies, according to Minister of State for Finance and Revenue Dr. Aisha Ghaus Pasha.
As the effects of the FTX collapse continue to haunt regulators, IOSCO has joined other jurisdictions in calling for regulating digital assets, as seen in its newly published set of draft rules.
Huobi Global is facing another hurdle in its operations, this time in Malaysia, over a suspected violation of the Capital Markets and Services Act, forcing the Securities Commission to halt its operations.
India was identified in the HERE Technologies report as a country leveraging blockchain, drones, cloud technology, and the Internet of Things to stimulate growth in the industry.
The Hong Kong Monetary Authority’s pilot will explore six categories of use cases, including offline payments, tokenized deposits, and settlement of Web3 transactions.
By including digital currencies as part of the reporting requirements, South Korean lawmakers hope to reduce the illegal acquisition of wealth among public officials.
Prosecutors from the US Department of Justice disclosed that Las Vegas resident Bryan Lee promoted CoinDeal as an investment mechanism offering clients "extremely high returns."
Banking officials state that relying on CBDCs for SME loans can ensure "the authenticity and credibility of the closed-loop circulation of credit funds.”
The Montenegro prosecutor's appeal revolves around the fact that the bail conditions for Do Kwon and Han Chang-Joon appear to be a slap on the wrist compounded by the flight risk posed by the duo.