China Spends $137.5 Billion for The AI Race

The Bank of China will allocate 1 trillion yuan ($137.5 billion) over the next five years to financially support AI companies, as stated in an announcement from the organization.The Bank of China will allocate 1 trillion yuan ($137.5 billion)…

byCoinpaper News

January 27, 2025

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Brazil To Ban Individual Stablecoin Transactions In A Move To Ramp Up KYC

Brazil’s central bank is growing increasingly concerned about cryptocurrencies drawing people away from the real. The institution plans to ban self-custodial stablecoins in an effort to steer people back toward the national currency.Brazil is ramping up efforts to tighten…

byCoinpaper News

December 27, 2024

cp6225 Ethereum blockchain 0493513d 777f 4bed a292 46532739294d 93506a32a8 1 - Deutsche Bank Develops Ethereum-Based Blockchain for Compliance

Deutsche Bank Develops Ethereum-Based Blockchain for Compliance

Deutsche Bank is developing a layer-2 blockchain solution on Ethereum, leveraging ZKsync technology to address compliance challenges and improve transaction efficiency.The cryptocurrency and blockchain sectors continue to evolve as major players announce strategic developments aimed at addressing scalability, regulatory…

byCoinpaper News

December 19, 2024

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Reserve Bank of India Advances Cross-Border Payments in Asia and Middle East

The Reserve Bank of India is expanding its cross-border payment platform to include new trading partners like the UAE.Governments across the globe are ramping up their initiatives to regulate the expanding cryptocurrency sector, with a particular emphasis on improving…

byCoinpaper News

November 25, 2024

cp6225 european union crypto f8ecc2eb 7d37 4f29 868d af104f571455 1406858d38 1 - European Central Bank Considers Blockchain for Capital Markets

European Central Bank Considers Blockchain for Capital Markets

The European Central Bank is considering a unified blockchain ledger to integrate digital assets with traditional financial markets.Financial innovation in the Middle East and Europe is gaining momentum as institutions embrace blockchain technology to modernize their markets. The National…

byCoinpaper News

October 8, 2024

Sygnum Bank Sees Solana as a Serious Ethereum Rival

Sygnum Bank suggests that Solana’s scalability and growing institutional adoption could position it as a serious long-term competitor to Ethereum.Solana’s increasing adoption by major institutions like Visa and PayPal highlights the blockchain’s scalability and low costs, positioning it as…

byCoinpaper News

October 4, 2024