CRYPTOCURRENCY
Hong Kong and Brazil Collaborate on Cross-Border Tokenization Initiatives
The Hong Kong Monetary Authority and Banco Central do Brasil are collaborating on cross-border tokenization projects, focusing on CBDC infrastructures and financial market innovation.
HKMA and NDRC Collaborate on Seminar to Boost Mainland Enterprises’ Cross-Border Financing in Hong Kong
HKMA and NDRC held a seminar to enhance Mainland enterprises' cross-border financing in Hong Kong, aiming to strengthen offshore debt issuance.
Banque de France and HKMA Collaborate to Enhance CBDC Cross-Border Payments
The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration to advance CBDC cross-border payment solutions.
Hong Kong Monetary Authority's Project mBridge Achieves MVP Milestone
Project mBridge reaches MVP stage, exploring CBDCs for cross-border payments.
Ripple (XRP) Transforms Cross-Border Payments with Blockchain Technology
Ripple leverages XRP to revolutionize cross-border payments, addressing inefficiencies in traditional banking.
UAE Central Bank Pioneers Digital Dirham Transfer to China via mBridge
The UAE Central Bank achieved a significant milestone by executing its first cross-border digital dirham transfer worth 50 million dirhams ($13.6 million) to China using the mBridge platform on January 29, marking a new era in digital currency transactions.
FSB 2024 Agenda: Strengthening Crypto Regulation and Embracing AI"
The Financial Stability Board (FSB) has announced its 2024 Work Programme, focusing on crypto regulation, AI, and digital innovation, aiming to enhance global cooperation and stability in finance.
China Dismantles $2.2 Billion Underground Banking Operation Leveraging Cryptocurrencies
Chinese authorities have dismantled a $2.2 billion underground banking network that used cryptocurrencies to bypass financial controls, seizing $28,000 worth of digital currencies.
Bank of China Achieves Groundbreaking $14 Million e-CNY CBDC Settlement in Gold
The Bank of China's Shanghai branch successfully settled a $14 million e-CNY CBDC for gold, marking a significant advancement in digital currency's role in international trade.
Ripple and Onafriq Forge Alliance for Blockchain-Enabled Payments in Africa
Ripple and Onafriq are collaborating to introduce blockchain-powered cross-border payments, aiming to improve transaction efficiency and financial inclusion in Africa, the GCC, the UK, and Australia.