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Standard Chartered Becomes First International Bank to Participate in Digital RMB Business Pilot

China has rolled out its digital RMB interconnection platform with Standard Chartered Bank that is expected to use it in streamlining cross-border payments and other services. The People’s Bank of China (PBoC) has made significant progress in rolling out the digital Renminbi ( e-CNY) during the past year. With about 26

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Santander Private Banking International diversifies into crypto trading for high net worth clients

Santander Private Banking International, a division of Banco Santander, is now offering its wealthy clients the opportunity to trade and invest in prominent cryptocurrencies like Bitcoin and Ether, marking a significant shift in the bank’s approach to digital asset management. Santander Private Banking International, an arm of Banco Santander, is now

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XRP, TON Are Given Green Light by the Dubai International Financial Centre (DIFC) for Legal Use

More than 4,300 registered companies operating within the DIFC can now integrate XRP and TON tokens into their virtual asset services. The Dubai Financial Services Authority (DFSA) has added XRP (XRP) and Toncoin (TON) to the list of tokens that can be legally utilized within the Dubai International Financial Centre (DIFC).

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XRP, TON win approval in Dubai International Financial Centre free trade zone

The Dubai Financial Services Authority (DFSA) recognized two more tokens on Nov. 2, adding XRP (XRP) and Toncoin (TON) to its list of recognized tokens. They join Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) as coins recognized in the Dubai International Financial Centre (DIFC). The tokens’ new status will allow financial

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UN launches international effort to tackle AI governance challenges

United Nations Secretary-General António Guterres revealed the establishment of a 39-member advisory committee aimed at tackling matters related to the global regulation of artificial intelligence (AI) on Oct. 26.According to the announcement, the roster comprises individuals ranging from tech industry leaders, government representatives spanning from Spain to Saudi Arabia, and scholars

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China’s Digital Yuan (e-CNY) Used in First International Crude Oil Trade by CBDC: Report

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a

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UK to Host Inaugural International Summit on AI Safety in November

The discussions during the summit will address the unpredictable nature of AI progress and the critical importance of maintaining human control over its development. The UK is gearing up to host the world’s inaugural international summit on artificial intelligence (AI), focusing on the existing threats associated with this rapidly advancing technology. The

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Russia building blockchain system for international settlements

Russian Prime Minister Mikhail Mishustin announced on Sep. 28 that the country is developing a blockchain-based system for international settlements using digital financial assets (DFA), which are tokenized versions of traditional financial instruments. Speaking at the Moscow Financial Forum, the Prime Minister said that the Russian government alongside the Bank of

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