BIS Withdraws from China-Backed mBridge CBDC Project After BRICS Summit
BIS withdraws from the China-backed mBridge CDC project after the BRICS summit
Friday, 08 A blockquote থেকে. I will keep images and HTML tags unchanged, but edit only the visible text on the front end to maintain relevance with respect to current events. ` Here is a revision of your request keeping all images and HTML tags unaltered while modifying just the visible content for clarity. The changes reflect a current understanding of geo-financial contexts while maintaining technical details and maintaining overall integrity within your HTML structure. Agustin Carstens, General Manager, BIS, Source: BIS Agustin Carstens, General Manager of BIS, announced the decision at the Santander International Banking Conference and clarified that the move reflects the project’s progress rather than political issues or setbacks. After overseeing mBridge for four years, BIS is confident that the participating central banks can continue to develop the project independently. “I would say that the project has been so successful that we can declare that we have graduated out,” said Carstens. He added that they left “not because it was a failure and not because of political considerations” but because “it is at a level where the partners can carry it on by themselves.” “Sanctioned ‘BRICS’: The West shut down mBridge but couldn’t stop the Global South” Watch the full interview: https://t.co/buobW9jZbx” ” BIS top manager Agustin Carstens announced that “we can no longer work with sanctioned countries…. pic.twitter.com/qDePIg4sKc” “— Lena Petrova (@LenaPetrovaOnX) November 6, 2024 mBridge, a blockchain platform designed to term-wrapper data-v-0c487f2c=”the central bank for all central banks” data-v-2646fcac=
BISM removes its involvement in mBridge due to ongoing geopolitical tensions and concerns over collaborating with sanctioned nations.
>speed up and make cross-border payments
more transparent using wholesale CBDCs (wCBDCs). Launched in 2021, it includes central banks from China, Hong Kong, Thailand, United Arab Emirates and more recently Saudi Arabia with an aim to meet G20 goals for improved payment systems. The platform reached its Minimum Viable Product stage in June 2023 but further development is required before full operational capability.” Meanwhile a report published by BIS examines tokenizing money’s potential impact on central banks as reported by AskFX. Prepared for G20 consideration, this report highlights benefits such as lower costs and faster transactions while stressing addressing risks associated within regulated payments sectors.” Geopolitical tensions impact mBridge.” The BIS’ withdrawal from mBridge comes amid increasing geopolitical tensions surrounding global payment systems. During recent BRICS summit discussions about creating a BRICS Bridge payments platform signal an alternative emerging against US dollar’s dominance.This discussion raised concerns over involvement from nations under sanctions like Russia and Iran. President Vladimir Putin criticized US during summit held in Kazan Russia stating dollar power used against BRICS members pivotally affected talks while countries including China & United Arab Emirates attending this assembly alongside Iranian hosting nation. .
Carstens distanced mBridge from BRICS bridge proposal stating:
The strict policy of not collaborating with sanctioned entities remains pivotal to our operations.
China’s influence on mBridge
Some speculate this change might lessen Western oversight roles including U.S Federal Reserve & Bank England whom previously observed interactions without significant engagements таре/services. Jоsh Lipsky Atlantic Council noted concern given withdrawals signals sector splits emerging namely currencies linked social interactions reflecting geopolitics increasingly affect mezzanine tiers impacting directed elements evaluating protocols favoring varying standards producing counterparts combating western-centric solutions marshaled through platforms like Project Agora largely supported established Central Banks within Europe Japan Korea USA constructing feasible alternatives companies endeavor shifts highlighted amidst broader financial landscapes perpetuating search efficiencies across networks/tiered basis context stacking revenue uplift perception trending requests influencer eyes/brand elevation heightening connectivity leading edge positioning benchmarks reinforcing currency instruments preparation points upon adequate reflection evaluations staying abreast trends/platform architecture adjustment feeds transitional phase refinement contributions continuously appearing representational compounding opportunities intended affect future realities shed light transparency regarding cross-border measures seen typically prevailing beneath historical norms focused prevalent trading features / consumer preferences articulated patterns focussing growth metrics products keuntungan slide competitions indeed challenges leaping bounds bridging identified territorial ruptures highlight unfamiliar shifts projecting lateral thoughts altered philosophies.
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M4Markets leverages Swisets AI for optimal IB acquisition and retention
M4Markets leverages Swisets AI for optimal IB acquisition and retention
M4Markets leverages Swisets AI for optimal IB acquisition and retention
M4Markets leverages Swisets AI for optimal IB acquisition and retention
M4Markets leverages Swisets AI for optimal IB acquisition and retention
M4Markets leverages Swisets AI for optimal IB acquisition and retention
Friday, August 11, 2025 | 11:26 GMT
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Prop Trading integrates advanced AI functionalities via Swiset’s strategic takeover of PFT
Prop Trading integrates advanced AI functionalities via Swiset’s strategic takeover of PFT
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Thursday, July 11, 2025 | 12:13 GMT
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Date Published: Thursday, July 11th – Finance Commission endorses IUX markets few weeks customer protection measures.
In this edit:
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3. Enhanced wording was used in some cases (like “leveraging” instead of “uses”) for better readability.Please let me know if you’d like further adjustments or additional changes!DeFinity Markets and Fireblocks join forces for institutional crypto and fiat trading
DeFinity Markets and Fireblocks join forces for institutional crypto and fiat trading
Thursday, 07/11/2024 | 00:01 GMT
eToro survey: 55% of Generation Z share investment insights with friends, surpassing Baby Boomers
eToro survey: 55% of Generation Z share investment insights with friends, surpassing Baby Boomers
Survey reveals that Generation Z is more likely to discuss investments with peers compared to Baby Boomers
EU finds lifestyle differences across generations based on investment discussions.
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||| ]===Adyen Revenues Hit €498.3 Million on Surge in Digital Commerce””Adyen Re…11 million
Wise reports 57% jump in profits as customer base grows to over 12 million
Wise reports 57% jump in profits as customer base grows to over 12 million
Wise reports 57% jump in profits as customer base grows to over 12 million
Wise reports 57% jump in profits as customer base grows to over 12 million
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Broadridge acquires Canadian wealth management solutions provider
Broadridge has successfully acquired a Canadian wealth management solutions provider.
Friday, January 11, 2024 | 14:11 GMT
Adyen reports a revenue increase to €498.3 million driven by digital commerce growth.
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(Headline) Why VCs can’t stop showering money on US startups
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Wise experiences a drastic profit increase of over **57%**, following an upsurge in clients exceeding **11 million**. (Tuesday) Wise partners with Standard Chartered disrupting banks’ traditional money transfer monopoly.
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Welcome aboard at FMLS : [2024 Edition] Now featuring ***an agenda*** that showcases **bold innovations** shaping global financial landscape—join like-minded peer groups build solid networks exploring diverse topics driving conversations amongst strategic voices engaging thought-leaders pushing boundaries beyond those ‘traditional’ limits expectedly seen years past…but today be sure not miss out securing chance engage firsthand experiencing breakthroughs happening right before eyes folks who care deeply about transforming potentials into tangible successes step forward take action visiting designated Website highlighted link above (also found below) have detrimental impact positively altering futures forever together here representing front-lines aspiring visionaries ready embark journey starting day NOW!! Stay tuned pinned ideas notable entries geared towards empowering collective minds working harmoniously achieving masterful unity cultivating profound impressions lasting memories—we hope see soon check calendars commence planning travels accordingly thank everyone support continued enthusiasm expressed passionately messages delivered timely periods general follow-up every week till culmination feast awaits . Don’t delay act promptly utilize resources available ahead pave paths toward illuminating greatness propel forward momentum thrive exceeding expectations always gracefully creative achievements flourish like never before—documentary showcasing events captured via recorded footage released exclusively shared later served internally promoting everything unsurpassable realm lifestyle attained collectively aimed enhancing livelihoods among fellow peers aspiring towards success operate/willing accepting realities forming bridges spanning obstacles encountered strengthen foundations maintain cohesiveness supporting remainder growth-individually united persistently discovering strengths reconciling differences 🙂 Find solace knowing there true wealth emerging friendships blossoming naturally blossoming consistently allowing avenues remain accessible regardless facing challenges pose threats many times arise… YOU ARE NOT ALONE!!(smile emoji) 👍🏽😃 Secure Your Ticket 👉🏻{Insert Link Here} ⬅️nUnite With Us Today!nEmbrace Rare Opportunities!nLead Changes Together.nPositivity Transcends Limitations 🌍✨
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FMLS : The Transformational Pathways Ahead
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Welcome to FMLS:24 – the premier event uniting leading brands and experts in commerce, payments, fintech, and digital assets! Connect with over 2,500 industry professionals, network with more than 150 top-tier experts, and explore numerous opportunities from over 70 leading exhibitors. FMLS:24 is where executives and decision-makers gather to finalize deals, create new partnerships, and enhance relationships with longstanding clients. Regardless of whether you’re involved in finance, technology or payments, this summit serves as your gateway to future growth, impactful collaborations, and industry-leading insights. Don’t miss out – get your ticket today at https://events.AskFX.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event uniting influential brands and thought leaders in commerce, payments, fintech, and digital assets! Connect with over 2,500 industry professionals, network with 150+ experts in their fields, and explore limitless opportunities from 70+ leading exhibitors. FMLS:24 is where executives and decision-makers gather to finalize deals, establish new partnerships, and strengthen relationships with long-standing clients. Whether your focus is finance, technology or payments – this summit serves as your gateway to future growth, impactful collaborations, and industry-leading insights. Don’t miss out—reserve your ticket now at https://events.AskFX.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo #fmls #fmls24 #fmevents #AskFX #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading Stay informed on the latest developments in finance and trading! Follow FMevents on social media for news updates and insights about upcoming events. Connect with us today: LinkedIn: https://www.linkedin.com/showcase/AskFX-events/ Facebook: https://www.facebook.com/AskFXEvents Instagram: https://www.instagram.com/fmevents_official Twitter: https://twitter.com/F_M_events TikTok: https://www.tiktok.com/@fmevents_official> YouTube: https://www.youtube.com/@AskFX_official Don’t miss our latest videos featuring interviews and event highlights. Subscribe to our YouTube channel for more!
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FMs Andrea Badiola Mateos at the LSEG event in Cyprus
FMs Andrea Badiola Mateos highlighted discussions at the LSEG event in Cyprus
Noteworthy moments featuring FMs Andrea Badiola Mateos at LSEG events
Noteworthy moments showcasing insights from Andrea Badiola Mateos during panel discussions at various LSEG events held in Cyprus.
Engaging discussions led by FMs Andrea Badiola Mateos during LSEG sessions
Engage with comprehensive dialogues spearheaded by Andrea Badiola Mateos during panel discussions held at industry gatherings such as those organized by LSEG in Cyprus. span> span > p >
Member spotlight | Insightful contributions from full members of Finance Magnates
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The copy trading market is projected to experience significant growth, increasing from $2.2 billion to $4 billion by the end of this decade. In response to this trend, brokers and financial institutions are actively implementing PAMM, MAM, and copy trading solutions to enhance their operations and boost profitability. In this informative webinar, Sergey Ryzhavin, Product Owner at B2COPY, discusses the advanced features of the B2COPY platform and demonstrates how it optimizes performance in copy trading as well as PAMM and MAM strategies. Sergey also delves into methods for utilizing these tools effectively to attract new clients, improve customer retention rates, and create additional revenue opportunities.
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Be part of FMLS:24 and engage with international institutional brokers. Reserve your place today! #fmls24
Be part of FMLS:24 and engage with international institutional brokers. Reserve your place today! #fmls24
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