# Cambodia launches inter-banking platform that runs on blockchain

# Cambodia launches inter-banking platform that runs on blockchain

“# Cambodia launches inter-banking platform that runs on blockchain ” Amid a global race toward central bank digital currencies, or CBDCs, Cambodia officially launched a blockchain-based platform for digital money transactions called Bakong.  “Bakong, a payment and money transfer service through banks or microfinance institutions, was established under the initiative of the National Bank of…

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# JPMorgan’s stablecoin finally sees commercial light of day

# JPMorgan’s stablecoin finally sees commercial light of day

“# JPMorgan’s stablecoin finally sees commercial light of day ” A year-and-a-half after it was first announced, JPM Coin — JPMorgan Chase’s in-house stablecoin — is now live and in use by a major transnational tech firm for round-the-clock cross-border payments. According to a report on Oct. 27, this real-world proof that the technology is increasing efficiency and…

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# Kenya’s central bank exploring CBDCs due to ‘mushrooming’ of private cryptos

# Kenya’s central bank exploring CBDCs due to ‘mushrooming’ of private cryptos

“# Kenya’s central bank exploring CBDCs due to ‘mushrooming’ of private cryptos ” The Central Bank of Kenya, or CBK, has reportedly started discussions with international central banks to explore the possibility of entering the central bank digital currency space. CBK governor Dr. Patrick Njoroge told reporters during Georgetown’s DC Fintech week that: ““We [the…

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# US AML watchdog wants info on all international crypto transactions over 0

# US AML watchdog wants info on all international crypto transactions over $250

“# US AML watchdog wants info on all international crypto transactions over $250 ” The Financial Crimes Enforcement Network (FinCEN) and Federal Reserve are looking to get more information on smaller transactions than ever before.  According to a notice of proposed rulemaking published on Friday, the agencies want to lower the $3,000 threshold established in 1995 to…

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