UAE’s dirham stablecoin race widens as RAKBank nets in-principle approval
RAKBank's in-principle nod from the Central Bank of the UAE to launch a dirham-backed stablecoin adds a homegrown bank to the UAE’s stablecoin race....
RAKBank's in-principle nod from the Central Bank of the UAE to launch a dirham-backed stablecoin adds a homegrown bank to the UAE’s stablecoin race....
Anger over collapse of currency has provoked largest demonstrations in Islamic republic in years...
📋 Key Facts ✓ Ghana legalizes cryptocurrency trading and activities. ✓ Central bank is authorized to regulate the sector. ...
Only three CBDCs have been successfully launched around the world so far, in Nigeria, the Bahamas, and Jamaica, although many jurisdictions are considering it as an option....
Policymakers sparred over decision to cut interest rates earlier in December...
The US dollar traded at 1.38 million rials on Wednesday, compared with 430,000 rials when the previous governor took office in 2022....
A Cambodian bank founded by accused scam boss Chen Zhi, who has been indicted by the United States over a multibillion-dollar fraud and extradited to China, was ordered liquidated on Thursday, Cambodi...
China’s yuan climbed past the psychological milestone of 7 per dollar for the first time since September 2024, on bets the central bank will allow a gradual appreciation to boost market confidence....
The economic situation is likely to worsen as Iran's Central Bank drastically reduced the subsidised exchange rates for dollars it offers to importers and producers....
China’s central bank has set the yuan’s daily reference rate at its strongest level in 15 months, as the currency strengthened in offshore trading and briefly broke through the closely watched seven-p...
FT poll shows preference for former Spanish and Dutch central bank heads to replace Christine Lagarde...
Bank of America will enable advisers across Merrill and its private bank to recommend four spot Bitcoin ETFs, expanding beyond client-led access....
Brian Moynihan, Chairman and CEO of Bank of America Anna Moneymaker/Getty Images President Donald Trump's trade push is de-escalating after months of tariff turmoil, BofA CEO Brian Moynihan said. Tari...
Brian Niccol said he wanted Starbucks to feel like the coffee shop from "Friends." Justin Sullivan/Getty Images Starbucks CEO Brian Niccol said a fictional café guided his vision of what his s...
The Hong Kong Monetary Authority (HKMA) expects to work with other financial regulators to promote artificial intelligence adoption in various sectors over the next five years and further advance fint...
SoftBank Group Chairman and CEO Masayoshi Son delivers a speech during the annual general shareholders' meeting in Tokyo on June 27, 2025. KAZUHIRO NOGI/AFP via Getty Images SoftBank is acquiring data...
Crude revenues to be funnelled to American banks as Washington lifts some sanctions on Caracas...
Nancy Green. Beyond Yoga This as-told-to essay is based on a conversation with Nancy Green, the CEO of Beyond Yoga, who's based in the San Francisco Bay Area. It's been edited for length and clarity. ...
Binance’s U.S. expansion could be a threat, the bank warned while upgrading Coinbase to a "Buy" rating....
Vasyl Dolmatov/Getty Images Bonus season at the nation's largest banks is starting today, led by Morgan Stanley. Year-end bonuses are expected to be big and rise across almost every business line. Her...