The Bank of International Settlements (BIS) has released the blueprint of its instant cross-border payments solution dubbed Nexus. The BIS Innovation Hub says the Nexus solution will connect with Instant Payment Systems (IPSs) across nations to offer users superfast cross-border payments. BIS Launching Cross-Border Payments System The proliferation of distributed ledger technology (DLT) is fast

United States lawmakers are looking to impose stricter taxation rules on crypto investors, in a bid to milk out roughly $28 billion from the industry and use it to fund part of the proposed $1 trillion bipartisan infrastructure deal that aims to invest over half a trillion dollars in the country’s public works system, according

The crypto industry is seeing more and more headlines about tighter government restrictions.  On July 20 the European Commision (executive branch of the European Union), announced that a new proposal would result in tighter regulation for the cryptocurrency industry—in particular, regulation around anonymous wallets and transactions.  This had been rumoured so it wasn’t exactly a

“Big Four” professional services company Ernst and Young (EY) announced the completion of a blockchain-based solution that would help remove the bottlenecks found in the cross-border withholding tax (WHT) process.  Blockchain to Improve Cross-Border WHT Tax Process In a press release published by EY on Wednesday (July 28, 2021), the project called TaxGrid blockchain solution

PayPal, the popular payment processing company, has indicated that its customers may not have to wait anymore to see new crypto-centric functions on their platform. Dan Schulman, PayPal’s CEO, stated today during the company’s Q2 2021 investor call that the company’s debut edition of its super app wallet was “code complete.” The head of PayPal