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India, Qatar’s Financial Intelligence Units Partner to Combat Money Laundering through Virtual Digital Assets

Misuse of virtual digital assets (VDAs) for money laundering has been a top concern for regulators globally since cryptocurrencies began attracting widespread investor interest. India and the UAE, two regions seeing significant growth in the VDA sector, have now joined forces to address this issue. This week, the Financial Intelligence Units (FIUs) of both nations…

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Binance’s Tri-Party Model: How It’s Calming Institutional Investor Concerns, According to Division Head

Catherine Chen, Head of VIP and Institutional investors at Binance, sat down for an exclusive conversation with Gadgets 360 during the recently held Binance Blockchain Week in Dubai. She highlighted the growing interest in crypto among institutional investors this year, driven largely by the US SEC’s approval of crypto ETFs earlier in the year. In…

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WazirX’s Nischal Shetty Aims to Build India’s Largest Decentralised Exchange Within 12 Months

Nearly four months after a hack resulted in losses exceeding $230 million (around Rs. 1,900 crore), WazirX is still focused on restructuring its finances and finalising its operational roadmap. In a virtual town hall held this week, founder Nischal Shetty revealed plans to launch a decentralised exchange (DEX) alongside the existing WazirX platform. Shetty noted…

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JPMorgan Rebrands Blockchain Division from ‘Onyx’ to ‘Kinexys’ and Unveils New Features

JPMorgan is expanding its alliance with blockchain technology. In a recent development, the US-based bank said it has rebranded its blockchain unit, originally launched as ‘Onyx’, to ‘Kinexys’ to signify its operational roadmap for Web3 adoption. The rebranding brings along an array of new financial products and services with blockchain at the centre. This development…

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UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services

Asset management firm UBS has announced that it has completed the pilot trial of a blockchain solution, that will help financial institutes streamline their service offerings around tokenised assets. The Switzerland-based firm currently has a market cap of over $104.3 billion (roughly Rs. 8.8 trillion). Diving deeper into blockchain use cases, UBS teamed up with…

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