2023

Fed Preps Digital Payments

Fed Preps Digital Payments

FedNow will permit individuals and institutions to make payments around the clock daily, challenging private sector incumbents such as PayPal, Venmo and Square Cash.

Microsoft Seals LSE Cloud Deal

Microsoft Seals LSE Cloud Deal

Microsoft’s investment in LSEG comes at a time when big tech names like Google, Amazon and IBM are increasingly engaged in an arms race to deepen relationships with financial firms.

2022

UAE: New Corporate Taxes

UAE: New Corporate Taxes

The latest developments come as the UAE moves to tighten regulations following criticism that it is a hub for illicit financial activity. 

Citi Speeds Asia Exit

Citi Speeds Asia Exit

Citi is selling its consumer businesses in Asia and EMEA to local and regional competitors.

2021

Miami To Offer Bitcoin Yield To Residents

Miami To Offer Bitcoin Yield To Residents

Miami has gotten exchanges including blockchain.com and eToro to relocate to the city as part of Suarez’s drive to create a crypto ecosystem and establish the city as a mining hub. 

UAE Liberalizes Corporate Ownership

UAE Liberalizes Corporate Ownership

The UAE, led by Dubai, earlier created a number of offshore business parks dubbed “free zones,” which permit 100% foreign ownership.

Bank Of Russia Prepares For Digital Ruble Launch

Bank Of Russia Prepares For Digital Ruble Launch

The Bank of Russia’s announcement is the latest move by central banks to harness the advantages of distributed ledger technology to stave off the rapid ascendancy of competing but regulatory-light cryptocurrencies like Bitcoin and Ethereum.