Thursday, July 3, 2025

Chinese Bank Issues Commercial Paper Worth $16.9 Billion on Blockchain

[sociallocker id="55298"] China Zhe­shang Bank, a national commercial bank, used blockchain technology to issue an asset-backed commercial paper, or ABCP. It was issued as a part of the Na­tional As­so­ci­a­tion of Fi­nan­cial Mar­ket In­sti­tu­tional In­vestors’s (NAFMII) pilot project for ABCPs.An asset-backed commercial paper is a short-term investment issued by financial

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FATF Meeting Scheduled to Discuss VASPs Compliance With Travel Rule

[sociallocker id="55298"] The Financial Action Task Force (FATF) has a plenary meeting scheduled on June 24 to assess the progress of Virtual Asset Service Providers (VASPs) worldwide in enforcing the organization’s “travel rule”.According to Pawel Kuskowski at Forbes, the FATF meeting will be held virtually in two weeks to discuss

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