Securities firms in Thailand are now authorized to count crypto as capital funds. Thailand’s Securities and Exchange Commission has revised its net capital rules regarding digital assets. According to a Nov. 18 report by The Bangkok Post, the Thai SEC now allows firms dealing with digital assets to include the value of those assets when […]
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HSBC Bangladesh has completed the country’s first blockchain-powered cross-border trade settled using a letter of credit. The Bangladesh branch of global banking firm HSBC has conducted the country’s first blockchain-based letter of credit (LC) transaction on the Contour DLT platform. The transaction was used to settle the importation of 20,000 tonnes of fuel oil from […]
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Blockchain firm ConsenSys is becoming increasingly active in the central bank digital currency space. Ethereum software firm ConsenSys has just sealed its sixth central bank digital currency project. On Oct. 28, the blockchain organization announced that it will be collaborating with Société Générale Forge on experiments for a digital euro. Société Générale Forge is the digital […]
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The first 200 cabins in a crypto-themed cruise ship will go on sale in November Ocean Builders, a company that builds “floating, off-grid seapod homes,” has bought an old Australian cruise ship it renamed ‘Satoshi’ and plans to fill with crypto companies, entrepreneurs, and digital nomads off the coast of Panama. In an announcement, Ocean […]
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Tripadvisor experience marketplace Viator has partnered with ShareRing to facilitate payments and store travelers sensitive information. Australian-based blockchain company ShareRing has partnered with Tripadvisor experience marketplace Viator to allow users to pay for almost 400,000 tourism experiences with a variety of cryptocurrencies. The ShareRing platform, built on Tendermint, will allow users to book, register, and […]
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DBS and Standard Chartered will soon launch a trade finance platform for central banks worldwide. The Singapore-based multinational banking entity DBS and Standard Chartered have completed the proof-of-oncept of their blockchain trade finance platform called the Trade Finance Registry. The two entities developed the PoC in collaboration with 12 other banks on top of the […]
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The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform. The Bank of Thailand launched the world’s first blockchain-based government savings bond issuance platform using IBM’s blockchain technology. Within two weeks of the launch, the central bank sold more than $1.6 billion worth of savings bonds, as per IBM’s official announcement […]
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Following a successful research phase between the two central banks, Consensys will develop a proof-of-concept for cross-border interbank blockchain payments. Blockchain firm ConsenSys announced Sep. 25 that it had been awarded the contract for a cross-border payment project between Thailand and Hong Kong. The company will lead the second implementation phase of Project Ithanon-Lionrock. The […]
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Blockchain is helping companies from Vietnam and Thailand settle trades more smoothly. The Asian Development Bank (ADB), headquartered in the Philippines, has settled its first letter of credit (LC) transaction using the Standard Chartered-backed Contour blockchain network. The trade was a part of ADB’s trade and supply chain program and involved Standard Chartered and the […]
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That’s one less travel headache A blockchain-based app aimed to make travel during the pandemic easier has been launched. The app, called ICC AOKpass, allows users to verify their COVID-19 status instantly. Dorjee Sun, CEO of blockchain firm Perlin, told CIR Magazine that ICC AOKpass “uses a common global standard that can be deployed and […]
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