Yuval Noah Harari Warns Against Unchecked AI in Finance

by Александр Пирогов | May 8, 2024 | Blog News

Renowned author, philosopher, and history professor Yuval Noah Harari has raised concerns about the unchecked use of artificial intelligence (AI) in the financial system. Speaking at the Bank for International Settlements (BIS) Innovation Summit, Harari emphasized the...

RBI Governor: India’s Digital Rupee to Enable Offline Transactions

by Александр Пирогов | May 8, 2024 | Blog News

In a significant stride towards financial inclusivity, the Reserve Bank of India (RBI) is advancing its central bank digital currency (CBDC) project to facilitate offline transactions, announced RBI Governor Shaktikanta Das during a Bank for International Settlements...

Hong Kong Monetary Authority Forms Committee to Set Standards for Wholesale CBDC Interoperability

by Александр Пирогов | May 8, 2024 | Blog News

The Hong Kong Monetary Authority (HKMA) announced on Tuesday the establishment of a working committee aimed at setting industry standards for wholesale Central Bank Digital Currency (CBDC) interoperability. The committee, dubbed Project Ensemble Architecture...

Indonesian Regulatory Agency Forms Crypto Asset Committee

by Александр Пирогов | May 8, 2024 | Blog News

The Commodity Futures Trading Regulatory Agency, commonly known as Bappebti, has taken a significant step in overseeing the cryptocurrency industry by establishing a dedicated committee. With responsibilities including the regulation of cryptocurrencies, Bappebti has...

SEC Delays Decision on Ethereum ETFs Once Again

by Александр Пирогов | May 7, 2024 | Blog News

The U.S. Securities and Exchange Commission (SEC) has announced yet another postponement in its decision-making process regarding the approval of Ethereum exchange-traded funds (ETFs). Following the successful introduction of Bitcoin ETFs earlier this year, market...

New Bitcoin Rival Mollars Gains Traction Ahead of Exchange Listing

by Александр Пирогов | May 7, 2024 | Blog News

Mollars (MOLLARS), the latest contender in the crypto arena positioning itself as a store-of-value asset, is swiftly gaining momentum ahead of its official listing on public crypto exchanges. The anticipation surrounding its launch is palpable, with LBank becoming the...