Chinese scientists claim to have created a new blockchain storage system that they say can resist attacks from quantum computers. The system is important because quantum computers could make current encryption methods useless. The team’s solution, known as EQAS (Efficient Quantum-resistant Authentication Storage), introduces a new framework to safeguard blockchain systems against the immense computational…
Robinhood is making a big statement to the financial services community. The trading platform said Monday it has launched US stock and ETF tokens in the European Union at an event in Cannes, France. European Robinhood customers will have access to more than 200 US stock and ETF tokens. Stock token holders will also receive…
The Hong Kong government has pledged to promote the public adoption of licensed stablecoins, unveiling a broad set of new digital asset (DA) policies as the city seeks to cement its role as a global cryptocurrency hub while serving as a test bed for Beijing’s fintech aspirations. In the “Policy Statement 2.0 on the Development…
Hong Kong’s Financial Secretary Paul Chan outlined plans for a second digital asset innovation push in a blog post over the weekend. After the first policy statement in 2022 formalized its approach to cryptocurrencies, it is planning to announce its future strategy soon. It sounds like the focus could be on digital securities and tokenized…
Fintech firm Ant International, the global affiliate of Chinese tech giant Ant Group, said it would apply for a stablecoin issuer licence in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies comes into effect in August. “We welcome the passage of the Stablecoins Bill … and hope to contribute more to the city’s vision…
China is not a fan of cryptocurrencies. Over the past decade, the Chinese government has built up one of the world’s most hostile regulatory frameworks against cryptocurrency-related activities, including trading and mining. Beijing views digital assets like bitcoin as a threat to the country’s financial stability and capital account controls, and even a challenge to…
Today Hong Kong’s Legislative Council passed the Stablecoin Bill for fiat-referenced stablecoins. The legislation is expected to come into force later this year and is seen as a key pillar in Hong Kong’s desire to maintain and enhance its position as an international financial center. Last year the Hong Kong Monetary Authority (HKMA) launched a…
The recently concluded Consensus 2025 event, hosted by CoinDesk, has been hailed as a resounding success, bringing together key players in the cryptocurrency and blockchain industries. Held as one of the largest gatherings for crypto enthusiasts, developers, and investors, the event showcased groundbreaking discussions on decentralized finance, regulatory frameworks, and the future of digital assets….
The travel sector has also witnessed a tremendous digital revolution, and now it is more convenient than ever before for individuals to organize vacations, book hotels, and pay online through travel applications. It only takes a few clicks on a mobile phone for tourists to book flights, hotels, cars on rent, and activities, simplifying the…
The US House of Representatives has followed the Senate in voting to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants such as Apple, Google and X, that offer digital payment apps and wallets. Editorial This content has been selected, created and edited by the Finextra editorial team…