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The European Union’s banking regulator, the European Banking Authority (EBA), wants to update existing Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) rules for crypto providers. In a consultation paper published on Nov. 24, the EBA explains that current European regulations are no longer sufficient to govern AML/CFT standards compliance
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SWIFT has been actively involved in various CBDC-related projects, including a wholesale CBDC initiative in collaboration with the New York Federal Reserve Bank, utilizing a regulated liability network. SWIFT, a prominent bank messaging platform connecting over 11,500 financial institutions worldwide, announced that three banks have joined the beta phase of its
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Three central banks have joined the beta phase of bank messaging platform SWIFT’s central bank digital currency (CBDC) interoperability project, the company announced Sept. 13. It has also entered a new phase of sandbox testing, it said.The Hong Kong Monetary Authority, the Central Bank of Kazakhstan and an unnamed central
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The fundraise comes as interoperability protocols have attracted investors, despite the bear market. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Swift, the global messaging network for international payments, has shared key findings from its recent experiments on blockchain compatibility. Working alongside major financial institutions and Chainlink, Swift set out to showcase its potential as a central hub
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Layer-1 network ZetaChain has secured $27 million to support its chain-agnostic platform, according to an announcement on Aug. 16. Participants in the round include Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, Krust and other investors.The protocol created in
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied RocketX, a multichain centralized and decentralized exchange (DEX) aggregator that allows users to trade multiple assets, is integrating Hedera, per a press release shared with crypto.news on Aug. 10. RocketX integrates Hedera Incorporating the RocketX infrastructure aims to enhance
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Even crypto industry outsiders are gaining clarity on the benefits of blockchain technology, which is a significant step forward for the ecosystem. However, a challenge remains: The industry still struggles with interoperability between blockchain networks. Unless different chains can safely and efficiently communicate and exchange data, the full power of
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This is the launch of the standard that could connect all of the blockchains and all of the bank chains, Sergey Nazarov said in an interview with CryptoX. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied R3 has rolled out an upgrade of Corda, its enterprise-grade distributed ledger technology (DLT) network. The team claims the next-gen Corda offers users increased scalability, interoperability, privacy, and security. R3 completes Corda update R3, a provider of enterprise-grade
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