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SWIFT says it has reached a ‘breakthrough’ in recent CBDC experiments

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2 years ago

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“For CBDCs, our solution will enable central banks to connect their own networks simply and directly to all the other payments systems in the world through a single gateway,” said chief information officer Tom Zschach.

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South Korea probes Upbit for 600K KYC violations

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18 minutes ago

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November 15, 2024

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Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal.

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FSB calls for stricter oversight against AI vulnerabilities

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1 hour ago

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November 15, 2024

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FSB explores AI’s potential to revolutionize finance while spotlighting risks like fraud, data governance and systemic vulnerabilities.

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Don’t be delusional: Decentralization doesn’t compensate for regulation

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1 hour ago

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November 15, 2024

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DeFi needs regulation to build trust, attract institutional investment, and ensure long-term viability despite its decentralized nature.

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