News and Updates

Cryptocurrencies are ‘undeniably’ mainstream as watchdog backs Bitcoin

Cryptocurrencies are now “undeniably part of mainstream finance”, according to the boss of one of deVere Group, the independent financial services organisation.

The bold statement from the founder and CEO of deVere Group, Nigel Green, comes as the Financial Stability Board (FSB), has released a report that concludes Bitcoin and cryptocurrencies do not currently pose a risk to the global financial system. (more…)

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Blockchain-based trade finance launches in Hong Kong

The Hong Kong Monetary Authority (HKMA) will launch a trade finance platform underwritten by blockchain in partnership with China’s Ping An Group.

The initiative, which launches in August, will bring together 21 banks, including HSBC and Standard Chartered. It follows HSBC’s world-first blockchain-written trade transaction in May. (more…)

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