Last year’s high-profile insolvency of German fintech giant Wirecard may be followed by more failures among payment firms and electronic money (e-money) institutions (EMIs), the UK financial markets regulator, the […]
Financial ‘super-app’ Revolut has announced it is applying to become a UK bank. But the fintech firm, which boasts over 12m customers and has a private market valuation of over […]
Many observers argue that the imminent arrival of central bank digital currency (CBDC) could herald the biggest shake-up to the world’s monetary system for nearly a century. But, say the […]
Dan Hyde, a partner at UK-based law firm Harrison Clark Rickerbys, specialises in emerging technology. His beat includes artificial intelligence, robotics, the internet of things, quantum computing, cryptocurrency and distributed […]
The US government is turning to stablecoins—transferable digital tokens backed by fiat currency—as a way of speeding up its notoriously slow domestic payments system. Earlier this week the Office of […]
For its promoters, it overcomes unfair restrictions on access to the world’s banking system. For critics, it’s the engine of a massive, system-wide fraud. All eyes are on tether, the […]
The founder of the world’s largest cryptocurrency exchange says crypto adoption may stall if consumers can’t find safer, more convenient ways to store their digital money. Outpacing stock exchanges Founded […]
Humans have an innate ability to deceive, both each other and themselves. And nowhere is this skill put to more powerful effect than in the world of money. Financial fraud […]
SC Ventures, the innovation and ventures unit of Standard Chartered Bank, and Northern Trust, one of the world’s largest custodian banks, are teaming up to create Zodia Custody, a new […]
Economics textbooks tell us humans created money to overcome the drawbacks of barter. If your chicken wasn’t worth someone’s bushel of grain, you had no bread and they had no […]