One week ago the Singapore crypto exchange announced that it had obtained a minimal viable product preparatory license from Dubai’s Virtual Asset Regulatory Authority.
The proposed scheme, in the emerging GIFT City financial hub, will allow customers of Indian banks to make and receive instant US dollar transactions, with 24/7 clearing and settlement processes using distributed ledger technology.
One week ago the Singapore crypto exchange announced that it had obtained a minimal viable product preparatory license from Dubai’s Virtual Asset Regulatory Authority.
The proposed scheme, in the emerging GIFT City financial hub, will allow customers of Indian banks to make and receive instant US dollar transactions, with 24/7 clearing and settlement processes using distributed ledger technology.
Datachain, Mitsubishi UFJ Trust and Banking Corporation, and Soramitsu announced a technology alliance to enable smooth transfer and exchange of stablecoins to be issued in Japan.
The largest US stock exchange Nasdaq is reportedly looking at Q2 2023 for the release of its custody services for Bitcoin and other cryptocurrencies. Fidelity opens its custody services to the public.
The move makes Gibraltar-based Xapo the first fully licensed bank in the world to offer USDC on-and off-ramps as a fast, free, 24/7 alternative to the expensive and slow SWIFT system used for international payments.
On March 14, the completion of the first pilot transaction using a stablecoin issued by the bank was announced on the official website of The National Australia Bank (not to be confused with the Reserve Bank of Australia).
