Singapore exploring use of blockchain to link National Trade Platform to trade platforms in other countries

By Priyankar Bhunia Mr. Ravi Menon, MD of MAS was speaking at a blockchain conference in India, organised in India by FinTech Valley Vizag, an initiative of the state government of Andhra Pradesh. In a keynote address on October 9, 2017, at Global Blockchain Business Conference[1] in Vishakhapatnam (India), Mr. Ravi Menon, Managing Director of the Monetary Authority of Singapore…

Ukraine: Further liberalization of capital controls (dividends and letters of credit)

Cameron McKenna Ukraine On 13 April 2017, the National Bank of Ukraine (the “NBU”) issued Regulation No. 33 (“Regulation No. 33”) amending certain existing NBU Regulations regarding currency controls. Regulation No. 33 is part of the on-going liberalisation of capital controls ultimately aimed at improving the business environment in Ukraine. Repatriation of dividends for 2016…

Blockchain for finance is ‘a decade away’

By Yolanda Bobeldijk Despite the “hype” around banks’ development of distributed-ledger technology – known as blockchain – it will take at least 10 years for it to transform financial services. That is according to Veronica Lange, the head of innovation at UBS. Speaking during a panel discussion at the Innovate Finance Global Summit on April 10 she…

UK pledges to double export finance to support trade with Qatar – minister

Britain will double the amount of export finance available to support trade with Qatar to 4.5 billion pounds, trade minister Liam Fox said on Monday. “No trade between the UK and Qatar should fail for lack of finance and insurance, that is why the UK government … can give buyers and sponsors in Qatar attractive…

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