November 29, 2022
FinTech Revolut Eyes Japanese Expansion
British FinTech startup Revolut is looking at Asia to continue its rapid growth. Revolut has 25 million customers — primarily in Europe — and aims to quadruple that number in three...
November 29, 2022
Crypto Creditors Clamor as FTX Employees Get Paid
Insolvent cryptocurrency exchange FTX doesn’t just owe its million-plus creditors money. The once-heralded crypto platform, formerly helmed by the now disgraced Sam Bankman-Fried (SBF), also owes its employees their salaries...
November 29, 2022
India to Test Retail Version of Digital Rupee
India’s central bank will begin testing its proposed digital rupee for retail use this week. “The pilot will test the robustness of the entire process of digital rupee creation, distribution, and...
November 28, 2022
FTX Collapse Creates ‘Sense Of Urgency’ Among World’s Regulators
The new head of global securities regulator IOSCO said the collapse of the FTX exchange shows why the agency will focus on companies like it next year. Speaking to Reuters...
November 27, 2022
Turkey Investigates Sam Bankman-Fried, Seeks Seizure of ‘Suspicious’ FTX Assets
Add Turkey to the list of countries investigating Sam Bankman-Fried — or SBF — founder of the failed cryptocurrency platform FTX. PYMNTS reported earlier this month that authorities in Turkey...
November 27, 2022
Japan’s Top Utilities Face New Antitrust Fines
Japan’s trade watchdog is likely to impose a record amount of fines on several major utilities after finding they formed a cartel and obstructed the liberalization of the country’s electricity...
November 24, 2022
Mobile Operator Veon To Sell Russian Business For $2.2B
Amsterdam-listed mobile operator Veon said on Thursday it would sell its Russian business, Vimpelcom, to senior members of the Vimpelcom management team, led by CEO Aleksander Torbakhov, for 130 billion...
November 23, 2022
Report: Bank of Japan Set to Test CBDC
The Bank of Japan will reportedly join a host of other countries in testing a central bank digital currency (CBDC) next year in experiments with three of the country’s banks....
November 22, 2022
FTX’s First Day in Court: ‘Personal Fiefdom of Sam Bankman-Fried’
Almost a full two weeks after first filing for bankruptcy on Nov. 11, the insolvent cryptocurrency exchange FTX finally held its first-day motion requests on Tuesday (Nov. 22). The hearing...
