Zand, a digital bank helmed by Dubai property tycoon Mohamed Alabbar and backed by investors including Franklin Templeton, has been granted a banking license by the United Arab Emirates.
The troubled crypto lender paid down $183 million of its debt to the decentralized exchange Maker, blockchain data shows, possibly in a bid to recover bitcoin-linked collateral that otherwise would remain trapped.
The U.K. HM Revenue & Customs (HMRC) agency opened a consultation on the state of crypto taxation, specifically for DeFi.
Global warming's associated effects are posing an increased risk to financial institutions worldwide. The Basel Committee has issued guidelines to help mitigation.
The listed fund has reduced new investment into fintech companies over the past year from £44.4m to £16.4m.
Parliament and the Council agreed to track crypto transfers continuously and block suspicious transactions in a provisional agreement.
The UK'S HM Treasury has announced regulations for the BNPL sector in response to controversy. Klarna UK Head, Alex Marsh, responds.
Hidden Road, a global credit network, announced on Thursday that it had closed a $50 million Series A led by Castle Island Ventures.
Bitwave allows enterprises to survive and thrive in the financial revolution made possible by cryptocurrency.
The UK may be leading the pack when it comes open banking adoption, however, it still has a significant amount of work to do according to new research.