Barclays, HSBC and Citi collaborate to pilot tokenized deposits in UK

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...

Kraken exec advocates for Bitcoin ETF in the UK

Kraken UK managing director Bivu Das is calling for the introduction of Bitcoin exchange-traded fund (ETF) in the UK. Speaking during an interview at the Digital Asset Summit in London, Das stated that Bitcoin ETFs, which are restricted in the UK, can offer investors an opportunity to make decent returns. “The UK has always said it wants...

Bukit Aman probes traffic cop offering on-the-spot summons settlement to UK couple

KUALA LUMPUR: Bukit Aman Traffic Investigation and Enforcement Department (JSPT) is investigating the case of a traffic policeman allegedly issuing and offering to settle a summons on the spot for a British couple touring Malaysia in their vehicle. Bukit Aman JSPT director Comm Datuk Mohd Azman Ahmad Sapri said a video of the incident was detected...

UK PM Sunak battles to unite divided party in pivotal week

LONDON (Reuters) - Prime Minister Rishi Sunak faces the most dangerous moment of his premiership this week, when he is due to appear before a COVID-19 inquiry and must win a crunch vote in parliament on his plan to revive a policy to send asylum seekers to Rwanda. Just over a year since he became prime...

Johor girl to meet Queen Camilla at Buckingham Palace

PETALING JAYA: The biggest highlight of 15-year-old Kong Yong Sin's year is less than a week away. This Sunday (Nov 12), the SMK Tinggi Kluang, Johor student will board a flight to the United Kingdom, where she will meet Queen Camilla at Buckingham Palace on Thursday (Nov 16). The much-anticipated trip is her reward for being runner-up...