
Foreign Exchange
NY Federal Reserve testing CBDCs to improve foreign exchange transactions
The exploration is part of Project Cedar, an experiment conducted by the BIS to test the worthiness of wholesale CBDC...
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
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