Business

Jamaica’s finance ministry launches incentive program to trigger CBDC growth
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16 April, 2023

Jamaica’s finance ministry launches incentive program to trigger CBDC growth

Since its launch in 2022, about 190,000 Jamaicans have signed up for the JAM-DEX wallet, with total transaction activity valued...
Singapore central bank working on digital asset banking standards
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16 April, 2023

Singapore central bank working on digital asset banking standards

The MAS is in a working group with banks and authorities to develop standards for banks to onboard VASPs; however,...
Chinese regulators plot tighter controls for AI services amid rising interest
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16 April, 2023

Chinese regulators plot tighter controls for AI services amid rising interest

The latest AI regulations include the need for service providers to ensure their content is in line with IP laws...
Hong Kong’s ZA bank will offer digital currency to fiat conversions: report
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16 April, 2023

Hong Kong’s ZA bank will offer digital currency to fiat conversions: report

ZA Bank CEO Ronald Iu disclosed that the digital bank plans to offer settlement services in the yuan, U.S. dollars,...
France hints at rapid development in metaverse sector
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15 April, 2023

France hints at rapid development in metaverse sector

France joins several countries in building its metaverse industry and is dead set on developing "virtual immersive universes" in various...
India G20 presidency wants common digital currency regulation, Nirmala Sitharaman says
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15 April, 2023

India G20 presidency wants common digital currency regulation, Nirmala Sitharaman says

The Finance Minister stated that with a global outlook on digital currencies, bad actors could not profit from regulatory arbitrage...