Foreign Exchange
Coins.ph tightens FX spreads to 2 BPS, challenging banks with institutional-grade infrastructure
Coins.ph challenges banks with BSP-regulated FX trading, offering institutional-grade 2bps spreads on major G10 pairs, including USD/PHP, USD/EUR, USD/JPY.
Ban on Kimchi bonds ends; Singapore’s new law kicks in
South Korea banned the Kimchi bonds in 2011, but a dip in USD liquidity in the forex markets has forced...
South Africa: Digital assets not subject to forex controls
In a case pitting South Africa’s largest bank against the central bank, a court ruled that digital assets are not...
BIS ‘Project Rialto’ aims to make FX settlement more efficient
The BIS has now announced Project Rialto, an FX module to streamline settlement for instant cross-border payments. It will use...
BIS concludes wholesale CBDC experiment for FX, cross-border payments
The Bank for International Settlements has released the Project Mariana report, exploring challenges and solutions in a wholesale CBDC pilot...
Australia records first FX transaction with CBDCs as trial gathers steam
Blockchain infrastructure provider Canvas broke the news on May 17, noting that two digital asset fund managers, DigitalX and TAF...
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