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Progress can have its drawbacks, as the French stock market regulator, the nongovernmental Autorité des marchés financiers (AMF), has noticed. According to the AMF ombudsman, digital asset-related mediations rose sharply in 2022, as did the number of registered digital asset service providers (DASPs).

The House Financial Services Committee under its Republican leadership has dropped a new version of its stablecoin bill after receiving feedback from its Democratic members. 

The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) convened a bilateral meeting on May 29, intending to amplify cooperation in the financial services arena between the two regions.

Quantum computing has the potential to change the finance industry by creating instantaneous communications, regardless of distance and without national regulatory restrictions, according to the former head of the London Stock Exchange Group.

The United States Financial Services Committee has scheduled a hearing on digital assets to discuss digital assets and provide clarity for the ecosystem. 

France and Germany have failed to topple the UK’s dominance in financial services investment as the latter sees a double-digit gain in new projects.

Financial markets could face a sharp downturn in the event of any further shocks to the global economy, European Central Bank Vice-President Luis de Guindos told CNBC on Wednesday.

DWS, the asset manager majority owned by Deutsche Bank, has announced chief financial officer Claire Peel will leave the firm later this year after five years in the role.

Payment giant Mastercard finds that crypto and blockchain are useful and can bring much more value to financial industries as a whole, but only when they tackle the security and ease of use issues in order to build trust. 

DWS, the asset manager majority owned by Deutsche Bank, has announced chief financial officer Claire Peel will leave the firm later this year after five years in the role.

When most people think of surveillance, they probably think of cameras on street corners, government agencies collecting emails, or smartphones and smart home devices listening to conversations. But there is another form of government and corporate surveillance that gets less attention but is just as prevalent: financial surveillance.

Cryptocurrencies have the potential to revolutionize the financial industry by offering decentralized and secure transactions and promoting financial inclusion. They can play a significant role in areas where traditional banking services are unavailable or inaccessible by bridging the gap and providing access to financial services to those left out. How can Cryptos promote financial inclusion? Low entry barriers Cryptocurrencies have easy-to-meet requirements for entry, such as a smartphone or internet access, compared to traditional banking services. This means that people who may not have access to traditional banking services due to financial or geographical constraints can still use cryptocurrencies. For example, someone in a remote area without a bank branch can use cryptocurrencies to send and receive money without traveling long distances.Decentralized nature Cryptocurrencies are not controlled by any central authority or traditional financial institution, making them independent of the banking system. For example, in countries with a history of corruption or an unreliable banking system, cryptocurrencies can be a valuable alternative for individuals to store and transfer their wealth without relying on traditional banking institutions.

Boutique Moelis & Co has bolstered its European investment bank with another senior dealmaker hire in the region.

Tennis champion Serena Williams is set to join financial-services advisory and strategic-investing firm Consello Group with former Citigroup M&A co-chief Mark Shafir, according to people familiar with the matter.

Stablecoin operator Tether Holdings pulled over $4.5 billion out of banks in the first quarter of 2023, causing a “substantial reduction” in counterparty risk, the company reported in a post touting its latest attestation by BDO Italia. 

A number of prominent technology and digital asset firms have expressed support for Canton Network, a new blockchain seeking to streamline financial markets through the use of Web3 technology.

Deutsche Bank has hired Credit Suisse's head of financial sponsors in the latest senior recruit by the German lender as it takes advantage of the fallout from the Swiss bank.

The chair of the United States House of Representatives Financial Services Committee and six subcommittee chairs have sent a letter to U.S. Securities and Exchange Commission (SEC) Secretary Vanessa Countryman voicing their concerns over the agency’s proposed advisory clients custody rule. They join a string of crypto industry figures in expressing their objections.

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House Financial Services Committee Chair Patrick T. McHenry accused US Securities and Exchange Commission Chair Gary Gensler of avoiding requests for information about cryptocurrency-related matters, going so far as to threaten a hearing if they don’t hear back soon.