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foreign exchange

South Korea: 16 arrested over alleged illegal digital assets-linked forex transactions
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4 September, 2022

South Korea: 16 arrested over alleged illegal digital assets-linked forex transactions

South Korea sees a nearly 10% rise in illegal forex transactions tied with digital assets this 2022, forcing authorities to...
South Korea: FSS probe into banks finds $3.1B digital assets linked to forex transactions
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30 July, 2022

South Korea: FSS probe into banks finds $3.1B digital assets linked to forex transactions

The Financial Supervisory Service has discovered KRW1.6 trillion ($1.2 billion) of forex transactions at five Woori Bank branches. Another KRW2.5...
Wells Fargo, HSBC to use blockchain for interbank foreign exchange settlement
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19 December, 2021

Wells Fargo, HSBC to use blockchain for interbank foreign exchange settlement

The banks will settle bilateral transactions using a shared settlement system to process USD, CAD, GBP, and EUR with plans...
Overhauling ‘arcane’ finance sector with Bitcoin SV-powered DRIVE Pay
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9 May, 2019

Overhauling ‘arcane’ finance sector with Bitcoin SV-powered DRIVE Pay

Overhauling ‘arcane’ finance sector with Bitcoin SV-powered DRIVE Pay
Chinese regulator turns to blockchain for cross-border trade finance
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25 April, 2019

Chinese regulator turns to blockchain for cross-border trade finance

Chinese regulator turns to blockchain for cross-border trade finance
HSBC slashes forex costs with blockchain
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15 February, 2019

HSBC slashes forex costs with blockchain

HSBC slashes forex costs with blockchain
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