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Finance

Spain’s BBVA to launch digital bank in Germany by 2025
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26 June, 2024

Spain’s BBVA to launch digital bank in Germany by 2025

BBVA has expanded aggressively in Italy, where it now has 500,000 clients on its digital banking platform, and it plans...
Nomura subsidiary Laser Digital obtains license to operate in the UAE
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26 June, 2024

Nomura subsidiary Laser Digital obtains license to operate in the UAE

The Nomura subsidiary may provide broker-dealer and fund management services to retail and institutional clients in the UAE, with CEO...
Singapore’s central bank expresses money laundering concerns with digital assets
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26 June, 2024

Singapore’s central bank expresses money laundering concerns with digital assets

While it considers legacy banking as the biggest risk for money laundering, the Monetary Authority of Singapore believes that digital...
Dealings in digital assets not illegal under Indian law, High Court rules
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25 June, 2024

Dealings in digital assets not illegal under Indian law, High Court rules

While India moves to regulate the digital asset space, a High Court ruled that digital currencies are not qualified as...
IMF’s work on CBDCs and digital currencies is straining its budget
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25 June, 2024

IMF’s work on CBDCs and digital currencies is straining its budget

The IMF has suggested it may reduce its output frequency, provide lighter analysis and give general policy advice, adding that...
CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF
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25 June, 2024

CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF

IMF says Middle Eastern and Central Asian countries can significantly benefit from CBDCs but urges caution as they come with...
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