Georgieva said high crypto asset adoption could affect the effectiveness of monetary policy transmission, capital flow management measures and fiscal sustainability due to volatile tax collection. When it comes to the development of digital money, Georgieva said in a panel discussion policymakers could either be part of it and help do it better, or be …

Rules, infrastructure needed to prevent crypto risks: IMF chief Kristalina Georgieva Read More »

ZestMoney Failure: How did ZestMoney lose all the zest it started with? How did it go from Series C to Seed? Through a timeline, ETBFSI brings to you the series of events that led the lending startup to be one of India’s biggest hit in the BNPL segment, and to now finally shut down.

With the stake acquisition, Infibeam is looking to integrate its digital payments framework with Pirimid Fintech’s capital market trading software for clients in India and globally.

Regulations need to balance investor protection and technological innovation, said Kim So-young, vice chairman of the Financial Services Commission, at a conference held in Seoul on digital currencies. The conference was held by the South Korean government and central bank, jointly with the International Monetary Fund (IMF), following the Bank of Korea’s launch of a …

South Korea regulator to take innovation more into account on crypto regulations Read More »

Spot trading on the company’s international exchange, which is currently geared toward derivatives trading, will roll out in phases starting with the digital currencies bitcoin and ether against USDC stablecoin on Dec. 14, Coinbase said in a blog post. Coinbase’s shares edged 0.5% higher on Wednesday after rising nearly four times so far this year.

“The challenge is that high crypto asset adoption could undermine macro-financial stability,” the IMF’s managing director, Kristalina Georgieva, said at a conference in Seoul on digital currencies.

Fed Chair Jerome Powell said the Fed is aware of the risks of keeping rates higher for too long and lowering them too late, bolstering expectations of a rate cut in early 2024. Bitcoin’s dominance is currently 52.17%, according to CoinMarketCap. BTC volume in the last 24 hours fell 1% to $24.9 billion.

M2P Fintech is among the largest banking infrastructure companies powering the digital ambitions of banks, lenders, fintechs, and other financial services players and is present in over 20 markets across the Asia Pacific, MENA, and Oceania regions.

Zerodha CEO Nithin Kamath warns about the growing threat of deepfakes and AI-generated content in the financial services industry. Kamath highlights the challenge faced by banks and institutions in verifying customer identities due to the increasing sophistication of deepfakes. As deepfakes improve, it becomes harder to validate if a person is real or AI-generated. This …

Zerodha CEO Nithin Kamath has an ‘AI warning’ for banks and financial institutions Read More »

Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and fraud charges against its CEO, Sam Bankman-Fried, undermined the credibility of the industry. The price of bitcoin, the biggest cryptocurrency and the market’s chief barometer, has more than doubled …

Crypto market eyes interest rates and expected bitcoin ETFs in 2024 Read More »