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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

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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

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“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

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Bitcoin Vault (BTCV) is a 2 year-old cryptocurrency based on SHA-256 cryptographic hash function, the same algorithm used for mining Bitcoin. However, it brings a revolution in the security aspect through the anti-theft solution using an innovative three-key proprietary wallet.  One of the biggest advantages for the users of BTCV is that they have a

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Blockchains today have grown separate from one another, where liquidity between chains isn’t practical without centralization. This is a real problem to blockchain adoption and particularly DeFi, as we know that through recent developments composability between tokens and protocols is the real bread and butter of this technology. To tackle these composability drawbacks, protocols have

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