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Business

UK: Bulk of digital currency firm license applications rejected by FCA
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12 July, 2023

UK: Bulk of digital currency firm license applications rejected by FCA

The financial regulator argues that its AML/CFT laws on "crypto assets" would help bring extra credibility to the U.K., a...
Terra co-founder Daniel Shin faces first court hearing in South Korea
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12 July, 2023

Terra co-founder Daniel Shin faces first court hearing in South Korea

The South Korean court noted that it would study the submissions of Daniel Shin's legal team; both parties are expected...
Philippines steps up digital asset regulation to boost investment hub bid
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12 July, 2023

Philippines steps up digital asset regulation to boost investment hub bid

The Philippines securities regulator is banking on heightened digital asset regulations to boost its capital markets as it tries to...
Mastercard AI-powered tool seeks to assist financial institution crackdown fraud
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12 July, 2023

Mastercard AI-powered tool seeks to assist financial institution crackdown fraud

Mastercard stated that combining its AI capabilities and "unique network view of account-to-account payments" will be a game-changer in cracking...
BIS publishes security and resilience framework for CBDC systems
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11 July, 2023

BIS publishes security and resilience framework for CBDC systems

The framework, which is part of Project Polaris, is designed to protect CBDC systems from "new and elevated threats" while...
Thumbs-up emoji is a valid contract agreement, Canadian judge rules
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11 July, 2023

Thumbs-up emoji is a valid contract agreement, Canadian judge rules

A farmer who replied with a thumbs-up emoji to the photo of a contract agreement will have to pay off...
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