December 2024 – Page 49

JPMorgan Renames Onyx to Kinexys to Lead in Blockchain Innovation

JP Morgan has rebranded its Onyx blockchain unit as Kinexys by JP Morgan, signaling the banking giant's intention to integrate blockchain technology into mainstream financial...

Deutsche Bank Resolves Most Claims in Postbank Case

Deutsche Bank has been pursuing the acquisition of Postbank since 2008, but has encountered difficulties in reaching a settlement with Postbank shareholders. Recently, Deutsche Bank...

FCA Regulations and Lengthy Approval Processes Hinder the UK’s Ambitions to Emerge as a Global Crypto Hub

British ambitions to establish itself as a global crypto hub are being hampered by a conservative regulatory environment, resulting in a 51% drop in registration...

Busha and Quidax Receive Provisional Licenses from Nigerian SEC

Nigerian cryptocurrency exchange platforms Busha and Quidax have secured the first provisional licenses from the Nigerian Securities and Exchange Commission (SEC) under the Accelerated Regulatory...

UAE Payment Fintech Ziina Secures $22 Million in Series A Funding

UAE-based payments fintech Ziina has raised $22 million in a Series A funding round led by Altos Ventures, with participation from prominent investors such as...

Fed Governor Waller Cautious About Linking Fast Payment Systems

Federal Reserve governor Christopher Waller has expressed caution regarding the push to interlink national fast payment systems, emphasizing that the US is prioritizing the development...

Singapore to Equip Police with Authority to Halt Voluntary Bank Transfers to Scammers

Singapore's Ministry of Home Affairs is initiating consultations on new legislation intended to grant police the authority to direct banks to limit the banking activities...

PSR to Reduce APP Reimbursement Cap to £85,000

In response to increasing pressure from the government and industry, the UK's Payment Systems Regulator (PSR) is set to reduce the reimbursement limit for banks...

Binance Kazakhstan Secures Approval for Complete Regulatory License

Binance Kazakhstan has received approval for a comprehensive regulatory license.

Governments Commit to the Council of Europe’s AI Framework Convention

The Council of Europe has introduced a treaty described as “technology-neutral,” aimed at establishing a legal framework for the entire lifecycle of AI systems while...