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 in the future.
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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 as a low-hanging fruit.
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 is seeking a head of AI to spearhead its design.
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 the Treasury to call for tools to combat the issue.
Dutch Central Bank President praises digital euro, says monetary policy needs ‘to keep up with society’
The Dutch Central Bank President Klaas Knot says digital euro needs “to keep up with society. To pursue strategic autonomy. And to maintain access to public money in a digital world."
Survey: 52.6% of Americans warming up to CBDCs
52.6% of the Federal Reserve Bank of Philadelphia respondents were deemed 'warm' to central bank digital currencies (CBDCs), represented chiefly by young people, high earners, non-whites, and males.
From bits to business—Blockchain technology has real utility
Far from being a digital currency conference, the London Blockchain Conference 2024 will tackle how businesses, governments, and individuals can benefit from blockchain's game-changing tools.
South Korea eyes blockchain tech to streamline job application process
South Korea's plan to introduce digital skills will span five years and is geared toward deepening the talent pool and catch up with other competing jurisdictions for emerging technologies.
Nvidia to establish $200M AI center in Indonesia with Indosat
The $200 million center project by Nvidia and Indonesia will power the Southeast Asian country’s push into artificial intelligence (AI), providing infrastructure and talent for the digitization drive.
Central banks explore asset tokenization on BIS unified ledger
The Bank for International Settlements’ Project Agorá is a collaborative effort by seven central banks to create a platform for cross-border CBDC payments and tokenized money transfers.
Bank of England, FCA consulting on Digital Securities Sandbox, views Autumn date for first entrants
Successful applicants of the U.K.’s Digital Securities Sandbox will be able to provide securities depository and settlement services and operate a trading venue under the modified regulations.
Asset tokenization projected to push blockchain revenues by 2,300% to $290B by 2030
A report by GlobalData says that blockchain technology was misused for novelty applications initially but is now powering practical applications in several sectors.
Binance exec case in Nigeria adjourned to April 19
Tigran Gambaryan was detained and charged alongside Binance over alleged tax evasion and currency manipulation charges; he’s now being held in an underground cell in Abuja.
This week in AI: Google’s pending AI search, Amazon Go’s lack of AI, and more
Google is exploring the introduction of paid "premium" features in its search services powered by AI, while Amazon has revealed its innovative checkout-free technology.
‘Untangling Web3 Podcast’ features Kurt Wuckert Jr. and the history of Bitcoin
Episode 44 of the Untangling Web3 Podcast featured CoinGeek's Kurt Wuckert, who shared his pre-Bitcoin career, the early days of Satoshi Nakamoto, scaling and block size debates, and more.
ESMA DLT Pilot Regime Year 1 outcome highlights low uptake, key challenges
ESMA published a letter to the European Commission, the Parliament, and the Council on Thursday, providing an interim update on the bloc’s DLT Pilot Regime.
Unleashing the true potential of blockchain technology
While AI, the metaverse, and Web3 are becoming household names, developers are starting to figure out how blockchain can play a role in making them work and how the intersection will look like.
Hong Kong to issue new DLT adoption guidelines for banks
The Hong Kong Monetary Authority has promised to issue the new guidelines in the coming weeks but clarified that they will not be binding laws for users and will not be exhaustive.
OpenAI allows ChatGPT access without the need to create accounts
OpenAI notes that users are no longer required to create accounts before using ChatGPT 3.5, starting with users based in the United States before a global rollout.
Argentina to VASPs: Register or shut down
Argentina is moving forward with a requirement for all VASPs to secure licenses in accordance with FATF recommendations, rattling ‘crypto’ anarchists.