Monetary Authority of Singapore Announces New Payment Services Act

The Monetary Authority of Singapore (MAS) has reported the initiation of the city-state’s new Payment Services Act. The law commands the usage of an authorizing system that applies to installment suppliers, trades and different stages managing digital forms of money. Their administrators are obliged to meet anti-illegal tax avoidance and counter-terrorist financing guidelines. Singapore’s Payment […]

Continue Reading

Stablecoins Continue To Make Waves As Businesses Seek Crypto Solutions

As platform development rapidly accelerates, stablecoins continue to occupy a unique place within the blockchain space. These digital currencies, which are backed by hard assets, are widely derided by crypto purists. Nevertheless, as a means of storing and transferring wealth their popularity is growing rapidly. Now a number of recent moves indicates that they are […]

Continue Reading

Financial Firm SBI Holdings to Offer XRP Cryptocurrency as Shareholders’ Benefit

Japan’s crypto-friendly financial services company SBI Holdings is to give shareholders the option to receive the XRP cryptocurrency as a benefit. SBI announced on Friday that shareholders could either take the benefit in XRP or another product offered by its health food and cosmetics subsidiary SBI Alapromo. Under the scheme, newer shareholders on the company’s […]

Continue Reading

WHO Coronavirus Emergency Could Devastate The Stock Market

The World Health Organization officially declared a global health emergency Thursday. The coronavirus has spread to at least 18 countries. The stock market rallied Tuesday and Wednesday on the WHO’s reluctance to declare a crisis. But stocks tumbled Thursday after the CDC confirmed the first U.S. transmission of the virus. The latest escalation could be […]

Continue Reading

The National Bank of Cambodia Will Launch a Digital Payments Network This Quarter

The National Bank of Cambodia’s new digital currency is called Bakong.  It’s effectively a central bank digital currency (CBDC) that was launched on a trial basis throughout Cambodia in July. Chea Serey, director-general of the National Bank of Cambodia, said the system will be operational within the present fiscal quarter. Serey described Bakong as “the […]

Continue Reading