Business

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification
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11 April, 2024

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

Basel Committee on Banking Supervision published a report in December claiming that all permissionless blockchains are risky and banks must...
Microsoft, PwC Middle East new AI center of excellence to upskill workforce in Saudi Arabia
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11 April, 2024

Microsoft, PwC Middle East new AI center of excellence to upskill workforce in Saudi Arabia

The new AI excellence center led by Microsoft and PwC Middle East will focus on equipping the local workforce with...
Hong Kong’s largest digital bank pursues stablecoin issuers
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11 April, 2024

Hong Kong’s largest digital bank pursues stablecoin issuers

ZA Bank will offer stablecoin issuers accounts for cash reserves and is exploring possibly custodying stablecoins and other digital assets...
PayPal users can now use PYUSD stablecoin to fund cross-border transfers
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10 April, 2024

PayPal users can now use PYUSD stablecoin to fund cross-border transfers

With circulation down by 40%, PayPal is exploring new use cases for its PYSUD stablecoin, and international remittances have emerged...
Isle of Man to release national AI strategy by end of 2024
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10 April, 2024

Isle of Man to release national AI strategy by end of 2024

With work for the incoming national AI strategy expected to gather steam in the coming months, the Isle of Man...
US Treasury plea for anti-‘crypto’ tools gets mixed reception from Senate committee
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10 April, 2024

US Treasury plea for anti-‘crypto’ tools gets mixed reception from Senate committee

As criminals become more innovative, the chances of rogue individuals taking advantage of "cryptos" in funding their ideologies increase, forcing...
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