Tag: cross-border
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Eurojust aids cross-border crackdown on EUR 2 bln fraud scheme
Eurojust, the European Union’s Judicial Cooperation Unit, has played a pivotal role in a cross-border crackdown on a EUR 2 billion fraud scheme. This operation involved cooperation between authorities in multiple EU member states to dismantle a sophisticated criminal network. According to Eurojust, the fraud scheme involved money laundering, tax evasion, and other financial crimes.…
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USD 14 million cross-border e-CNY gold transaction completed in Shanghai
Published: September 15, 2023 In a groundbreaking move, a USD 14 million cross-border e-CNY gold transaction was successfully completed in Shanghai, signifying the growing importance of digital currencies in international trade. The transaction, facilitated by the Shanghai Gold Exchange (SGE) and China’s central bank, involved the use of e-CNY (digital Chinese Yuan) to purchase a…
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Indonesia, Singapore launch cross-border QR payment linkage
Indonesia, Singapore Launch Cross-Border QR Payment Linkage Indonesia and Singapore have joined forces to launch a groundbreaking cross-border QR payment linkage aimed at providing seamless and convenient payment options for businesses and consumers in both countries. Revolutionizing Payments This innovative partnership between Indonesia and Singapore aims…
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BIS and three central banks test cross-border wholesale CBDCs
BIS and Three Central Banks Test Cross-Border Wholesale CBDCs Introduction The Bank for International Settlements (BIS) recently announced its collaboration with three central banks in testing cross-border wholesale central bank digital currencies (CBDCs). This signifies an important step towards leveraging the potential of blockchain and distributed ledger technologies in the global financial landscape.…