Bank of Russia Governor Highlights Challenges in Creating Common BRICS Currency
Russia’s central bank governor underscores the challenges and importance of consensus in establishing a common currency for BRICS nations. In a recent statement, the governor of Russia’s central bank emphasized that the establishment of a common currency for the BRICS nations would necessitate the agreement of numerous parties. The announcement sheds light on the formidable challenges and complexities surrounding the …
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ADB Pioneers Revolutionary Blockchain Solution for Cross-Border Bond Settlement
The ADB successfully tested blockchain for cross-border bond settlements, dividing transactions into PvP and DvP parts. Key Points The Asian Development Bank (ADB) has made a groundbreaking announcement regarding the use of blockchain technology in cross-border bond settlements. The project, known as Project Tridecagon, was an ambitious undertaking that aimed to expand the delivery versus payment (DvP) system to international …
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Hong Kong Virtual Bank Set to Offer Seamless Crypto Conversions and Accounts, According to Reports
Crypto companies in the US are struggling to find domestic banking partners, and now they are searching for overseas services. ZA Bank, the top virtual bank in Hong Kong by assets, has stepped up to provide crypto account services and assistance with crypto-to-fiat exchanges. About the Report According to a recent report on April 12, the bank will function as …
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