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Global financial regulators are beginning to warn the public against the risks of investing in a market that many feel is in a speculative bubble.
US consulting company Accenture said on Thursday it has been appointed by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) to manage and develop a blockchain-based platform for interbank payments.
China's Alibaba expects its revenue to expand by 45% to 48% in its fiscal year from April as more small businesses join its online community in search of sales.
Alibaba founder Jack Ma and Donald Trump made headlines with the Chinese entrepreneur’s attention-grabbing pledge to create one million US jobs, but analysts say the move is more about generating good PR than substance.
Alibaba executive chairman Jack Ma met Trump and laid out the Chinese e-commerce giant's new plan to bring one million small US businesses onto its platform to sell to Chinese consumers over the next five years, an Alibaba spokesman said.
Singapore's central bank said it will launch a pilot project with the country's stock exchange and eight local and foreign banks to use blockchain technology for interbank payments.
Cuba's Communist government is filtering mobile phone text messages for key words such as "democracy" and "human rights" and then blocking them, dissidents said.
Singapore will make regulatory changes to facilitate the use of electronic payments, the central bank said on Aug 19, as the city-state aims to become a major centre for financial technology (fintech).
IBM plans to open a blockchain innovation centre in Singapore in collaboration with the government, as the city-state strives to become Asia's main financial technology hub.