Remove Distributed Ledger Technology (DLT) Remove Legal Remove Legal Framework
article thumbnail

Trade Finance Poised for Digital Revolution Though Obstacles Remain

Fintech News

But despite some progress, advancements have been slow for the past few decades due to legal obstacles, the lack of standards, and the need for unifying technologies, a new paper by Deutsche Bank says. Nimble progress According to the report, banks have done a considerable amount to collectively unlock digital trade.

article thumbnail

Project mBridge Reaches MVP Stage, Expands International Participation

The Fintech Times

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). This allows it to serve as a testbed for additional technology solutions and interoperability with other platforms.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hong Kong Consults on Proposed Regulations to Prudential Treatment of Cryptoasset Exposures

Global Fintech & Digital Assets

digital representation of value, which can be used for payment or investment purposes or to access a good or service) that depend on cryptography and distributed ledger technologies (DLT) or similar technologies. Scope of Application Cryptoassets will be defined as private digital assets (i.e.,

article thumbnail

Rewiring the cross-border payments paradigm: Risk and security in correspondent banking confirmation

The Payments Association

At The Payments Associations cross-border working group’s recent webinar, Rewiring the Cross-Border Payments Paradigm: Risk and Security in Correspondent Banking Confirmation , a panel of experts from fintech, banking, legal, and regulatory backgrounds explored how emerging tools and frameworks are reshaping the industry.