Tuesday, 15 June 2021
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Kazakhstan to launch digital tenge

Kazakhstan has started a public consultation for the launch of a central bank digital currency (CBDC).

     
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Alibaba incurs $1.17 billion net loss in Q4 after record-high antitrust fine

Alibaba posted a quarterly net loss for the first time since 2014 mainly due to the anti-monopoly fine slapped by the regulator in March. Tighter regulation also overshadows the initial public offering (IPO) prospects of Ant Group, Alibaba’s…

     
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The central bank digital currency disruption has arrived!

As trials move into actual implementations, global financial markets and monetary systems will be disrupted and transformed.

     
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Volt Bank's Weston and Railsbank's Xiao: “BaaS allows us to do banking differently…

Steve Weston, founder and CEO at Volt Bank and Justin Xiao, chief operating officer at Railsbank, Asia Pacific discuss plans to leverage their partnership for banking-as-a-service in a bid to launch in a competitive Australian market where…

     
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ITM’s Thakkar: “India’s fintech industry to reach $160 billion by 2025”

The growth in financial services has been remarkable over the past few years in India and the financial sector has witnessed a transformation with the introduction of fintech. Let us take a glimpse of key fintech segments that affect man…

     
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Bitcoin’s market dominance falls to 38% as crypto asset trading grows

Crypto markets have seen recent spikes and increased volatility as more mainstream companies and speculators continue to join the digital asset trading and investment bandwagon. The impressive rise of other cryptocurrencies beside Bitcoin…

     
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Countdown to COP26: Are banks green or still grey in the fight against climate…

The world’s 60 largest banks from Europe, Asia and North America continue to funnel nearly $3.8 trillion into fossil fuel projects from 2016 to 2020. Most nations are missing their Paris Agreement targets by a long shot.

     
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Central banks work to link multiple CBDCs across borders

Several central banks are in different stages of implementing fiat digital currencies. Beyond domestic and retail applications, national central bank digital currencies (CBDC) can also be linked to facilitate cross-border and wholesale…