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Alibaba Expands B2B Platform With AI Tools, JPMorgan-Backed Tokenized Payments Pilot
Alibaba is moving to modernize its global B2B business with new paid AI tools and a push into tokenized payments, marking one…
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Kyrgyzstan Teams Up With Binance To Launch State-Backed Stablecoin
Kyrgyzstan has launched a national stablecoin and moved to introduce a central bank digital currency for state transactions, stepping up its effort…
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European Bank Mergers Face Political Roadblocks, Says EU Official
The European Union’s financial chief has voiced frustration over growing obstacles that are preventing the creation of larger, more competitive European banks.…
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JPMorgan To Accept Bitcoin, Ether As Collateral For Institutional Loans
JPMorgan Chase is set to allow institutional clients to use Bitcoin and Ether as collateral for loans, marking a notable expansion of…
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Bolivia’s New Leader Turns To Blockchain To Battle Corruption
Rodrigo Paz, Bolivia’s newly elected President, plans to use blockchain technology to fight corruption and modernize the country’s financial system. Paz aims…
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UK Steps Up Crypto Tax Enforcement As HMRC Sends 65,000 Warning Notices
HM Revenue & Customs (HMRC) has stepped up enforcement activity after identifying gaps in tax declarations from investors who trade cryptocurrencies such…
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Japan’s Largest Banks Plan Joint Stablecoin For Corporate Payments
Japan is preparing for a major shift in digital finance as the country’s three largest banking groups plan to jointly launch a…
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US Banks Tap Fed Emergency Window As Short-Term Borrowing Costs Climb
U.S. banks have tapped into the Federal Reserve’s emergency lending window, known as the Standing Repo Facility (SRF), as signs of funding…
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South Korea Gears Up For Stablecoin Regulation, Bill Due In October
South Korea’s Financial Service Commission (FSC) is reportedly planning to present a government-backed bill in October. This initiative is part of the…
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Visa Closes U.S. Open-Banking Unit, Shifts Focus To Europe And Latin America
Visa has closed its open-banking unit in the United States, a source familiar with the matter told Reuters, underscoring growing tensions between…