Japan’s Number Two Bank by Assets Completes R3 Blockchain-Based Trade Finance Trial

SMBC conducted a proof-of-concept of R3’s Marco Polo with a multinational Japanese player. Japan’s second-largest bank by assets, Sumitomo Mitsui Banking Corporation (SMBC), has completed a proof-of-concept (PoC) using blockchain consortium R3’s Marco Polo trade finance platform. A press release confirmed the PoC completion on Feb. 18. SMBC, which is the only Japanese bank participating […]

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Top Five Exchange OKEx Launches Thai Baht Trading on Its P2P Platform

Cryptocurrency exchange OKEx has launched Thai Baht trading support to its client-to-client platform. Top five Cryptocurrency exchange OKEx has launched support for Thai baht-crypto trading on its client-to-client (C2C) platform, a press release shared with Cointelegraph on Feb. 14 reveals. According to the press release, currently only Bitcoin (BTC), Tether (USDT), Ethereum (ETH) and Litecoin […]

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UAE Exchange and Payment Platform Unimoni Join Ripple’s Payments Network

Finablr, a major payments and foreign exchange firm based in UAE, joins RippleNet to launch cross-border payments with Thailand. Finablr, a global payment platform and foreign exchange operator based in the United Arab Emirates, has joined Ripple’s (XRP) RippleNet blockchain network, a press release reveals on Feb. 11. Finablr’s network brands, UAE Exchange and payment […]

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Germany’s 2nd Largest Stock Exchange Boerse Stuttgart Launches Crypto Trading App

Germany’s second largest stock exchange, Boerse Stuttgart Group, has launched an app that allows euro-crypto trading. Germany’s second largest stock exchange, Boerse Stuttgart Group, has officially launched its crypto-trading app Bison, according to an official tweet today, Jan. 31. According to the app’s webpage, the software was developed by FinTech Sowa Labs — a subsidiary […]

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Thai Ministry of Finance Gives Digital Asset Business Licenses to Four Firms

Thailand’s financial regulator has granted operating licenses to four digital asset entities, while two others were rejected. The Thai Ministry of Finance has issued digital asset business licenses to four crypto-related firms, according to a notice published by the country’s Securities and Exchange Commission (SEC) Jan. 8. According to the announcement, the licenses were issued […]

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Japanese Banks Launching Digital Currencies Could Inspire the Traditional Cash Society

Can a largely cash-based society become the leader in bank-issued digital currencies? Japan is known as a land of contrasts. A country where serenity and tranquillity can be found in the middle of the hustle and bustle of large global cities, where proud traditionalism stands side-by-side with the developers and innovators of breakthrough technologies, where […]

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