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foreign exchange
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
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
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
Overhauling ‘arcane’ finance sector with Bitcoin SV-powered DRIVE Pay
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
HSBC slashes forex costs with blockchain
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