The volume of cash transactions in Asia Falling to new lows driven by several factors, including the increase in the next gene technology and adoption levels for smartphones. According to Worldpay’s reportPhysical money in Asia is expected to shrink by…
US representative Maxine Waters (D-CA) has Published draft legislation to create a regulatory framework for Stablecoins. The bill is the product of three years of two-year negotiations during the latest congress between water, ranking member and leading Democrat in House…
Finally, the long delayed US regulatory clarity on Stablecoins comes. The debate about the specifications is raging, but as of last week we have two drafts of bills that give us some clues about what the rules will look like.…
The United States legislators from the House of Representatives have introduced A bill to prepare a framework for issue and operation of dollar-denominated “payment stablecoins”, including a mandate that issues must be granted permission to legally issue Stablecoins in the…
Australian banks have required an update of the payment laws to incorporate Digital payment Services, whose market share has been skyrocketed in recent years. The Australian Banking Association (ABA) urged the country’s parliament to approve proposed amendments to the Payment…
Another two US regulatory authorities have been given a new layer of magic colored color, with changes at The office for the foreign exchange office (OCC) and Consumer Agency for Economic Protection (CFPB) to get both agencies in line with…
The rapid technological advances in IndiaEspecially in areas such as Artificial Intelligence (AI), blockchain and data analysis, have opened new opportunities to change traditional financial services and processes, India Economic survey 2024-2025 pointed out. AI and large language models (LLMS)…
Federal Deposit Insurance Corporation (FDIC), the unit that insures deposits in banks and savings institutes, recently announced It would be to revise their guidelines so that banks can participate in digital asset -related activities. “Looking forward, we actively evaluate our…
The India’s reserve bank (RBI) has announced the testing of the application “On Tap” under the theme “Retail Payments” in its regulatory sandbox. EXTO India Technologies PVT. Ltd. has been selected for the trial phase. RBI’s “On Tap” application under…
Jordan has launched an initiative to establish extensive regulations for digital assets just weeks after announcing an ambitious blockchain travel plan. Prime Minister Jafar Hassan was chairman of a recent cabinet meeting focusing on new technicians, who approved a plan…
