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The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision of financial institutions. Hong Kong Central Bank to Support Fintech Development Hong Kong’s monetary policy … Read more
Though its billionaire owner has personally spoken out against digital assets many times, Berkshire Hathaway’s investment may indicate the firm is more open to the idea. Go to Source Powered by WPeMatico
Investment scams have been by far the most common type in Australia recently, a new report by the country’s consumer watchdog has revealed. And while a growing number of Australians fall victim to fraudulent schemes involving cryptocurrency, bank transfers remain the scammers’ favorite way to extract money. Australians Lose $670 Million to Scammers in a … Read more
The group has previously warned of “financial stability concerns” and risks faced by banks when it comes to cryptocurrencies. Go to Source Powered by WPeMatico
New technologies, including blockchain and cryptocurrency mining, have helped Iran to increase budget receipts and withstand foreign sanctions, according to the country’s minister for economy and finance. The high-ranking official believes the government can’t interfere with their development for too long. Government Official Cautions Against Impeding Crypto Development Over the past few years, Tehran has … Read more
Top Russian bankers cite their reasons for not liking Bitcoin after Tinkoff’s CEO said that the central bank was stopping it from offering crypto trading services. Go to Source Powered by WPeMatico
Russia has officially legalized crypto trading this January but the government still doesn’t allow local banks to offer crypto services. Go to Source Powered by WPeMatico
Starling blocked crypto exchange deposits last week, citing “high levels of suspected financial crime with payments to some cryptocurrency exchanges.” Go to Source Powered by WPeMatico
Upbit exchange paid 10 times more in fees to South Korean internet bank K bank Q1 2021 than in the previous quarter. Go to Source Powered by WPeMatico
Banks like HDFC and State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular. Go to Source Powered by WPeMatico