SWIFT

Russia passes bill legalizing digital assets in bid to avoid international sanctions
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1 August, 2024

Russia passes bill legalizing digital assets in bid to avoid international sanctions

In a desperate move, Russia passed a bill allowing businesses to use digital assets for cross-border trade beginning in September,...
Russia pushing ‘crypto’ payments, SWIFT alternative as sanctions bite
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8 July, 2024

Russia pushing ‘crypto’ payments, SWIFT alternative as sanctions bite

Bank of Russia said it had softened its stance on digital asset payment due to sanctions but admitted that the...
SWIFT completes CBDC connector second trials
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29 March, 2024

SWIFT completes CBDC connector second trials

Participated by 38 institutions, results of the second trial of SWIFT's CBDC connector have been released, a project enabling CBDC...
Swift digital bill of lading solution moves forward with proof-of-concept completion
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17 December, 2023

Swift digital bill of lading solution moves forward with proof-of-concept completion

SWIFT announces completion of second eBL Proof-of-Concept with BNY Mellon and Deutsche Bank, aiming for industry-wide adoption through interoperability solutions.
Reserve Bank of India opens talks with US, Hong Kong for cross-border CBDC features
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7 December, 2023

Reserve Bank of India opens talks with US, Hong Kong for cross-border CBDC features

India is eyeing a collaboration with U.S. Federal Reserve and HKMA for cross-border CBDC functionality to enhance international remittances and...
Kazakhstan, Hong Kong join SWIFT’s CBDC interoperability beta test
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19 September, 2023

Kazakhstan, Hong Kong join SWIFT’s CBDC interoperability beta test

The new beta test focuses on interlinking CBDCs to foster cross-border payments, while a second test with 30 banks tests...
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