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EurasiaNet.org provides information and analysis about political, economic, environmental and social developments in the countries of Central Asia and the Caucasus, as well as in Russia, Ukraine, Moldova, Turkey, and Southwest Asia.
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Coinbase Defends Crypto ETFs Against Senatorial Criticism
On March 15, Coinbase’s chief legal officer, Paul Grewal, voiced his support for the approval of Bitcoin exchange-traded funds (ETFs). This came in response to the letter of two...
HKMA invites interested parties to apply in Phase 2 of the e-HKD CBDC pilot program
The Hong Kong Monetary Authority (HKMA), the central bank of Hong Kong, recently issued an invitation to interested parties to join its CBDC pilot program. The bank is about...
Lloyds partners with ApTap to enable easier management of customers’ household bills
Lloyds, one of the leading UK banks, recently announced a partnership with ApTap. The goal of the team-up is to help its customers with household bill management. Lloyds and...
JPMorgan Chase to roll out biometric payments with US retailers in early 2025
JPMorgan Chase recently revealed plans for a broad roll-out of biometric payments with US retailers. According to the bank, the plan is to push the feature out by early...
Wall Street Firms Test Pilot Program For Canton Network Blockchain Platform
Many top financial institutions including BNY Mellon and Goldman Sachs, have participated in a pilot of Digital Asset's Canton Network blockchain platform for Blockchain-based assets. The Canton Network was...
US Chamber Of Commerce Initiates Lawsuit Against CFPB Regarding Late Card Fees
The United States Chamber of Commerce has Initiated a legal action against the Financial Protection Bureau (CFPB) to prevent it from enforcing a rule to restrict late credit card...
Visa Partners With Taulia/SAP To Provide Embedded Finance
Visa, a major digital payment company, has joined forces with Taula, an SAP company firm and a leader in providing working capital management solutions. The latest collaboration aims to...
Klarna Faces $733,000 Fine for GDPR Information Shortcomings
A Swedish court of appeal has ruled that Klarna, a Swedish payments group, has been fined 7.5 million crowns ($733,324) for violating the EU's General Data Protection Regulation (GDPR)....
Mastercard Introduces New Subscription Management Tool Powered By Open Banking
Mastercard has rolled out an open banking-driven subscription management tool that banks can integrate into their applications. According to a survey conducted by Mastercard, 73% of individuals cited that...
HKMA starts a new CBDC sandbox project to support the development of the tokenization market
The Hong Kong Monetary Authority (HKMA) recently started a new wholesale central bank digital currency (wCBDC) project. The goal is to render support to the development of the tokenization...
