Cross-Border Transactions

On April 22nd, according to a report released by Shenzhen, Luohu District has launched a digital RMB cross-border consumption carnival event, covering multiple fields such as cater

According to reports, the US Internal Revenue Service (IRS) has announced a new pilot program starting this summer and will dispatch four commissioners to Australia, Singapore, Col

According to reports, according to a press release from the Hong Kong Special Administrative Region government, the Hong Kong Monetary and Financial Research Center, which is responsible for research work under the School of Finance of the Hong Kong Monetary Authority, has released a financial research report titled “The Greater Bay Area Cross Border Payment and Settlement System: Current Practices and Latest Developments.”. According to the report, as the underlying technology of digital currency, 59% of respondents believe that blockchain is a relevant or highly relevant technology to strengthen financial integration in the Greater Bay Area. Respondents believe that blockchain can be used for multiple operations in cross-border transactions, including ensuring the accuracy and security of cross-border payment and settlement information, customer authentication, and AML/CFT review. In addition, the report also shows that as of the third quarter of 2022, the mBridge project involved more than 160 payment and foreign exchange transactions, with a total amount of over 171 million…

According to the report, the new CEO of Silicon Valley Bank said that the business in the United States was carried out as usual, and it was expected that cross-border transactions would resume in the next few days. Last weekend, FDIC transferred all the deposits and most of the assets of the former Silicon Valley banks to the newly established “transition bank” operated by FDIC, which provides comprehensive services. Depositors can withdraw funds in full, and new and existing deposits are protected. The new CEO of Silicon Valley Bank: business in the United States continues as usual, and depositors can withdraw funds in full Analysis based on this information:According to recent reports, the Silicon Valley Bank (SVB) has appointed a new CEO amidst a major transition in the banking industry. The news comes in the wake of the Federal Deposit Insurance Corporation’s (FDIC) recent transfer of all the deposits and most of the assets of the former Silicon Valley banks…