The government has announced moves that will see stablecoins recognized as a valid form of payment as part of wider plans to make Britain a global hub for cryptoasset technology and investment. Measures include legislating for a ‘financial market infrastructure sandbox’ to help firms innovate, an FCA-led ‘CryptoSprint’, working with the Royal Mint on an […]

Ripple has partnered with the Republic of Palau to explore the country’s first national digital currency and its use cases with the XRP Ledger (XRPL). The partnership will initially focus on developing strategies for cross-border payments and a USD-backed digital currency for Palau. This could see the implementation of the world’s first government-backed national stablecoin in the first […]

Banque Saudi Fransi, a bank based in the Kingdom of Saudi Arabia, has gone live with the latest version of Fusion Kondor, Finastra’s treasury management solution. The move will enhance, automate and standardize the bank’s treasury and trading operations, including the possibility of introducing new pricing models, trader activity monitoring, and risk management features. This will enable the […]

Press release: IPO oversubscribed by 1.07x with more than 80% of the applicants subscribed through E-IPO. KARACHI, 28th MARCH, 2020: The Initial Public Offering of Bank Islami Ehad sukuk has been successfully closed. Despite the ongoing COVID–19 pandemic, significant interest was received from both institutional and retail investors with PKR 320.6 million subscriptions received against […]