A senior Bank of Italy official warned that stablecoins issued by multiple entities across different countries pose significant risks to the European Union’s financial system unless they are strictly limited to jurisdictions with equivalent regulatory standards. Speaking at the Economics of Payments Conference in Rome on Thursday, Chiara Scotti, vice director of the Bank of … Read more
A senior Bank of Italy official warned that stablecoins issued by multiple entities across different countries pose significant risks to the European Union’s financial system unless they are strictly limited to jurisdictions with equivalent regulatory standards. Speaking at the Economics of Payments Conference in Rome on Thursday, Chiara Scotti, vice director of the Bank of … Read more
A senior Bank of Italy official warned that stablecoins issued by multiple entities across different countries pose significant risks to the European Union’s financial system unless they are strictly limited to jurisdictions with equivalent regulatory standards. Speaking at the Economics of Payments Conference in Rome on Thursday, Chiara Scotti, vice director of the Bank of … Read more
The long-awaited White House crypto strategy is out, but the 163-page report isn't likely to tell the crypto industry much that it doesn't already know — including about the federal bitcoin reserves, which remain a black box for a sector keen to learn anything new. The report offers the most comprehensive outline of President Donald … Read more
In India, the fintech industry reached an important milestone with the launch of UPI payments in April 2016. By 2027, UPI transactions are expected to cross the 100-crore mark, as per a report by PwC India. August 20 is observed as National Fintech Day to celebrate the annual growth of the collaboration between the sectors … Read more
Microsoft touted its progress selling Artificial Intelligence (AI) tools to corporate customers during a companywide town hall on Thursday, including a major deal with Barclays Plc. Chief Commercial Officer Judson Althoff told employees that Barclays agreed to buy 100,000 licenses for Microsoft’s Copilot AI assistants, according to people familiar with the event. Althoff also said … Read more