Russia’s central bank and Rosfinmonitoring pilot a new system to trace connections between crypto transactions and fiat operations. The Bank of Russia alongside Rosfinmonitoring, the country’s main body for financial intelligence, is working on a platform to detect connections between fiat operations and crypto transactions amid efforts to evaluate the size of the local crypto market. According to a report from...
Barclays, HSBC, and Citi, among other U.K. financial institutions, are embarking on a joint venture to pilot tokenized deposits. A group of British banks, including Barclays and Citigroup, is working on a new pilot of tokenized deposits aimed at enhancing the tracking of banking payments. In a press release on Apr. 15, the British trade association UK Finance revealed that...
Floki’s roadmap reveals plans for launching digital banking accounts that can be topped up with FLOKI tokens. The accounts aim to allow transactions in major currencies such as dollars, euros, and sterling. Floki will introduce debit cards and staking services as a critical component of its expansion, marking its transition from a meme coin to a comprehensive cryptocurrency...
A client of Malaysia’s biggest bank recently discovered that her bank balance had mysteriously increased to more than RM400mil. When Hafidzah Abdullah checked her account late last month it showed she was over RM404mil in credit. It would have been a huge windfall, especially in a country where the average household takes home around US$22,000 (RM102,993)...
A Maybank customer was surprised to wake up one day and find more than RM400mil parked in her account. Hafidzah Abdullah, director and co-founder of Malaysia HR Forum, knew she could not have become a multimillionaire overnight. Nor could she have expected the tortuous path she had to take to report the glitch and regain access...
