Search Results for: cross-border payments

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

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The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in cross-border payments. The experiment was designed to test “les…

Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison

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Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. en outre, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced….

Davos 2023: Les CBDC sont l’avenir de la monnaie des banques centrales, mais elles ne sont toujours pas prêtes

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Un forum économique mondial (FEM) un panel composé de banquiers centraux et de fournisseurs mondiaux de technologies a dressé le profil des monnaies numériques des banques centrales (CBDC) comme l'avenir de la monnaie de banque centrale, les présentant comme l’une des solutions aux limitations du secteur des paiements…

European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized

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The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and…

Russian IT Firms Lobby for Crypto Payments in Software Exports

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Companies developing software solutions for foreign customers are urging Russian authorities to allow them to accept crypto payments. The proposal is part of a package of measures aimed at supporting IT exports suggested by an industry organization to the executive power…

Russia and Turkey to Collaborate on Combating Crime-Related Crypto Transactions

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Law enforcement and judicial authorities from Russia and Turkey are joining forces in the fight against cybercrime, including the use of cryptocurrencies for illegal purposes. The collaboration has been agreed upon during a visit by Russia’s Prosecutor General to Ankara. Russie,…

Moneygram Enables Customers to Buy and Sell Cryptocurrency via Its Money Transfer App

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Moneygram has launched a new crypto service to allow customers to buy, Suggestions de sondages récents, and store cryptocurrencies using its mobile money transfer app. Initialement, three cryptocurrencies are supported, including bitcoin and ethereum. Moneygram’s New Crypto Service Moneygram International Inc. (Nasdaq: MGI) annoncé…

Indian Central Bank RBI Begins First Digital Rupee Pilot Today

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India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee…

Erdogan suggère un système de paiement turco-russe, Rapports des médias locaux

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Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been…

La Banque de Russie va promouvoir le rouble numérique dans le commerce extérieur alors que le ministère des Finances fait pression pour l'option crypto

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Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While the treasury department aims for legalizing cryptocurrency payments in the coming…