SWIFT Plans to Launch New Central Bank Digital Currency Platform Within Next Two Years

SWIFT Plans to Launch New Central Bank Digital Currency Platform Within Next Two Years

ByNews Polite

Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system, it has told Reuters. The move, which would be one of the most significant yet for…

Bitzlato Co-Founder Arrested by US Authorities Over Alleged Processing of $700 Million in Illicit Funds

Bitzlato Co-Founder Arrested by US Authorities Over Alleged Processing of $700 Million in Illicit Funds

ByNews Polite

U.S. authorities said on Wednesday they have arrested the majority shareholder and Co-Founder of Hong Kong-registered virtual currency exchange Bitzlato Ltd for allegedly processing $700 million (roughly Rs. 5,700 crore) in illicit funds. Anatoly Legkodymov, a Russian national living in China, was arrested in Miami on Tuesday on charges that…

Huobi to Be Acquired by About Capital, Co-Founder Leon Li Sells Stake in Crypto Exchange: All Details

Huobi to Be Acquired by About Capital, Co-Founder Leon Li Sells Stake in Crypto Exchange: All Details

ByNews Polite

Huobi Global’s controlling shareholder Leon Li has sold his entire stake in the cryptocurrency exchange operator and will cease to be involved in its operations, according to the company. Li sold his holding in Huobi to a buyout firm managed by About Capital Management (HK)Co., the company said in an…