OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Facebook’s Diem Announces US Bank as Exclusive Issuer…
The Diem Association has shifted its operations to the US and partnered with crypto-friendly US bank Silvergate, which will become the exclusive issuer of the Diem USD stablecoin. Facebook has not backed down from developing…
SEC Chair Says Digitization of Money Has Arrived
The head of the Securities and Exchange Commission said the digitization of money is here and regulators should work in a symbiotic manner with it. [caption id="attachment_200198" align="alignleft" width="150"] Jay Clayton[/caption] Jay Clayton, the Chair…
Libra will probably have little impact in Sweden
Libra may become an alternative for certain cross-border payments, but will probably not be used for payments in Sweden to any great extent. These are some of the conclusions drawn in an Economic Commentary published…
Zuckerberg Faces Bi-Partisan Grilling on Capitol Hill Regarding…
The House Financial Services Committee held a hearing entitled “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors". The hearing had only one witness, Mark Zuckerberg, Chairman and Chief Executive Officer…
Yves Mersch: Money and private currencies – reflections…
In 1787, during the debates on adopting the US Constitution, James Madison stated that "[t]he circulation of confidence is better than the circulation of money". It's telling that Madison chose to use public trust in…
Lael Brainard: Delivering fast payments for all
It is a pleasure to be here in Kansas City with Federal Reserve Bank President Esther George to talk about the future of America's payment system.1 Our payment system is a vital part of America's…
Facebook’s New Digital Currency, the Libra, Continued to…
The US Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing entitled, “Examining Regulatory Frameworks for Digital Currencies and Blockchain.” A good portion of the hearing…
eToro Launches Portfolio for $100 Billion Drone Market
eToro has launched its latest portfolio which offers retail clients the chance to invest in the technological development of drones and their use cases in a time when the drone market is expected to be…