blockchain


Could a digital yuan dethrone the mighty US dollar? 

Could a digital yuan dethrone the mighty US dollar? 

The emergence of a blockchain-enabled digital yuan is said to have has set the cat among the pigeons in Washington. China has become the first major economy to issue a digital version of its currency and that has Fed chiefs in the US concerned that the dollar’s status as the …

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Finance and govt turn to blockchain solutions in Singapore

Finance and govt turn to blockchain solutions in Singapore

(ATF) Singapore’s Government Technology Agency (GovTech) and Ministry of Health say they have developed a 'globally interoperable' standard known as HealthCerts to verify Covid-19 test results – and speed up clearance through immigration checkpoints when travelling. HealthCerts is powered by blockchain-technology to issue legitimate digital documents such as vaccination certificates …

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Chinese beauty app Meitu joins Tesla in cryptocurrency investing

Chinese beauty app Meitu joins Tesla in cryptocurrency investing

(ATF) Following Tesla's bitcoin investment announcement in early February, that didn't just make headlines but also bumped up its bottom-line, Chinese photo-editing app Meitu Inc has said it too has jumped on the bandwagon.Meitu is the latest company to say it will hold cryptocurrencies as part of its treasury operations, …

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OCC ruling signals more innovation for stablecoins, CBDCs

OCC ruling signals further innovation for stablecoins, CBDCs

(ATF) The Office of the Comptroller of the Currency released a letter on January 7 announcing that US banks are now allowed to participate in public decentralized networks and use stablecoins to conduct payment settlements. The letter also added that banks under the jurisdiction of the OCC – which is …

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Fintech gets Covid tailwind 

Fintech gets Covid tailwind

(ATF) Regulatory challenges, the rise of bitcoin and accelerated digitalisation will mark the year ahead for fintech as legacy systems and manual processes will be under huge pressure to keep up and Covid-19 “fixes” and “workarounds” will be adapted as standard business processes.Fintech – technology used to support or enable …

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China unveils the latest generation of AI-powered security applications

China unveils the latest generation of AI-powered security applications

(ATF) China is rolling out artificial intelligence (AI) technologies that might find themselves unable to translate overseas - such as using a smile to pay for goods. The China designed application would allow shoppers to pay for items by smiling in its direction, an idea that might cause consternation in …

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Next-gen tech is speeding up financial sector change in Asia

Next-gen tech is speeding up financial sector change in Asia

(ATF) Despite the massive disruptions that have taken place this year with the pandemic, in many sectors innovation has seemed to only accelerate as businesses seek to return to growth. At Broadridge, we have sought to understand such trends through market surveys and direct client engagement, to see how leaders …

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The digital yuan/RMB is securing a seat at the table

The digital yuan/RMB is securing a seat at the table

(ATF) Last week, the People’s Bank of China 'airdropped' via lottery 10 million digital yuan or renminbi (eCNY or eRMB) to 50,000 residents in Luohu district in Shenzhen. Each resident received 200 eCNY (about US$30) into a digital wallet on their phones. This money could be spent at a range …

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