-
In Malaysia, where annual economic growth has averaged just under 5 percent over the past five years, fintech is a part of everyday life. It is rapidly becoming a central part of the country’s financial sector, with considerable promise for expansion, according to new IMF analysis.tags: Fintech
-
Indonesia’s top Muslim clerical body has issued an edict deeming virtual money acceptable, as long it met specific conditions. To showcase the compliance of their services with Islam, fintech firms are organising forums with Islamic scholars and sponsoring religious festivals. Newer startups are tailoring services for Indonesia’s growing body of “born-again” Muslims, known as the “hijrah” movement at home.”tags: Fintech IslamicFinance
-
Justin Sun has seized control of the Steem blockchain – with the apparent help of several prominent crypto exchanges.
-
Institutions can hedge against possible bank runs with a new wallet from euro-backed stablecoin issuer STASIS, which stores assets with financial intermediaries that have low-risk balance sheets.
-
Germany’s financial regulator has released guidelines classifying crypto as financial instruments. This move further expands the definition of financial instruments to include all kinds of digital assets with the previous paradigm only covering security tokens.