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Nigeria to pilot central bank digital currency in October

For much of 2021, the Central Bank of Nigeria (CBN) has been in the headlines for its anti-cryptocurrency measures. Yet, the institution has this week redoubled its investment and research into crypto’s underlying technology, blockchain, and has set a clear date for the pilot scheme of its blockchain-powered central bank

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Bank of Russia asks stock exchanges to not list crypto-related firms

As global cryptocurrency companies increasingly consider going public, the Russian central bank has officially recommended local exchanges to avoid crypto-related listings.The Bank of Russia issued an information letter on July 19, asking Russian stock exchanges to stay away from listings of foreign and local companies involved in a broad range

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China Merchants Bank and Nervos Foundation Come Together to Launch $50M Blockchain Ecosystem Fund

The investments from the $50 million fund will be allocated during a three-year period. Startups building on Nervos will receive an initial investment of between $200,000 and $2,000,000.On Tuesday, May 18, CMB International (CMBI), a wholly-owned subsidiary of China Merchants Bank, has joined hands with China’s leading blockchain solutions provider Nervos Blockchain.

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Swiss-Regulated Digital Asset Bank Sygnum Launches Dfinity’s Internet Computer Tokens (ICP) Custody Services

Despite the ICP token receiving much-needed support from Sygnum bank, its price is going down.Swiss-regulated digital asset bank Sygnum has announced the support of Internet Computer Tokens (ICP) that include custodian services. Consequently, Sygnum became the first regulated bank to support the Dfinity Foundation’s quest to decentralize the internet.In a

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Bank of America partnership with Paxos will allow same-day trade settlements

The second-largest bank in the United States is now reportedly using blockchain technology for settling stock trades.According to a Bloomberg report on Monday, Bank of America has joined Paxos Settlement Service, a platform capable of same-day settlement of stock trades using blockchain technology. Kevin McCarthy, head of financing and clearing,

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Cambodia’s SBI LY HOUR Bank launches first cross-border blockchain transfers via Ripple

Cambodian lender SBI LY HOUR Bank has launched the first blockchain-based remittance services between Cambodia and Vietnam.   SBI LY HOUR Bank is providing the new services with Vietnamese lender TP Bank, in which its parent, SBI Holdings, has a stake, according to a report by the Phnom Penh Post. The lender

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