Search Results for: International

Belt and Road Initiative – Hong Kong the Gateway for RMB Internationalization

The Belt and Road Initiative (BRI) is a transcontinental long-term policy and investment program which aims at infrastructure development and acceleration of the economic integration of countries along the route of the historic Silk Road.  BRI was unveiled in 2013 by China’s President Xi Jinping and, according to the Belt and Road Portal, the massive project will … Continue reading Belt and Road Initiative – Hong Kong the Gateway for RMB Internationalization

Coinbase Custody Launches New International Institutional Grade Crypto Service to European Clients

With its operations based in Dublin, Ireland, Coinbase Custody launched its institutional-grade crypto asset storage service to clients in Europe.  The cryptocurrency exchange launched Coinbase Custody in 2017 for institutional clients such as hedge funds and family offices. Its assets under management have over $7 billion in cryptocurrency assets, with its acquisition of Xapo’s institutional custody business in … Continue reading Coinbase Custody Launches New International Institutional Grade Crypto Service to European Clients

How Does Cryptocurrency Regulation News Affect the Bitcoin Price? Bank Of International Settlements Research Reveals

New research conducted on behalf of the Bank for International Settlements indicates that contrary to popular belief, the Bitcoin price and other cryptocurrency prices respond very positively to news of incoming regulations,when they are clear. The Dallas Federal Reserve Bank’s Globalization Institute recently published a working paper by researchers from the Bank for International Settlements … Continue reading How Does Cryptocurrency Regulation News Affect the Bitcoin Price? Bank Of International Settlements Research Reveals

Libra Adds New Nonprofit Member Heifer International to Tackle World Hunger and Poverty After Enduring Months of Regulatory Scrutiny

The Libra Association has welcomed a new member, Heifer International, a nonprofit organization aimed to tackle world hunger and poverty. The addition of Heifer International brings the tally of members in the Libra Association to twenty-three.  Around 780 million people in the world live in extreme poverty and spend less than $1.90 per person per … Continue reading Libra Adds New Nonprofit Member Heifer International to Tackle World Hunger and Poverty After Enduring Months of Regulatory Scrutiny

International Chamber of Commerce to Deploy Blockchain-Powered App for Tamper-Proof COVID-19 Compliance Status

International Chamber of Commerce (ICC) has partnered with International SOS, the globe’s biggest medical and travel security services firm, to establish a new blockchain-enabled mobile app dubbed ICC AOKpass. It will be instrumental in providing trusted and immutable recognition of persons’ COVID-19 compliance status.  People to get back on their feet By availing a tamper-proof … Continue reading International Chamber of Commerce to Deploy Blockchain-Powered App for Tamper-Proof COVID-19 Compliance Status

Bitpay Announces the First Large Online International Furniture Brand to Go Live

Beliani, a European online home accessory and furniture seller, has secured a partnership with BitPay, a US-based bitcoin payment service provider, to allow buyers make purchases using cryptocurrencies, such as Bitcoin, Ripple, Ether, and Bitcoin Cash, as well as dollar-pegged stablecoins like USD Coin (USDC). According to the release shared with Blockchain.news, this approach will … Continue reading Bitpay Announces the First Large Online International Furniture Brand to Go Live

China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

The Chinese government is planning to make the province of Hainan into a free trade port, focusing on facilitating free trade, investment, and cross-border capital flows.    The plan encourages government institutions to use blockchain and other emerging technologies to improve government functions.   Chinese President Xi Jinping has previously announced the decision to develop … Continue reading China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade

Bank of International Settlement Revealed Positive Outlook on Central Bank Digital Currencies

The Bank for International Settlements (BIS), a coalition of 62 central banks, has weighed in on the trending topic of central bank digital currencies (CBDCs). The global central bank noted a positive interest by central banks to develop their state-backed digital currencies. This observation was contained in a special chapter it released ahead of its … Continue reading Bank of International Settlement Revealed Positive Outlook on Central Bank Digital Currencies

MAS Announces Project Ubin’s Successful International Settlement Network in its Final Phase Report

The Monetary Authority of Singapore (MAS) and government-owned conglomerate Temasek released the final report of the Singaporean CBDC project, Project Ubin. The report is the fifth and final phase of Project Ubin, Singapore’s blockchain-based multi-currency payments network prototype that was built for the financial industry and blockchain ecosystem. Singapore’s central bank introduced Project Ubin in … Continue reading MAS Announces Project Ubin’s Successful International Settlement Network in its Final Phase Report

Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

2020 has been quite a year for Hong Kong, marked by months of political unrest, the emergence of the coronavirus pandemic, and a sweeping new national security law that China imposed on the city. The national security law, unanimously passed by China’s ruling Communist Party, sets up against secession, subversion, terrorism, and collusion with foreign … Continue reading Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

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