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Fintech Headlines

Switzerland seeks to regain cryptocurrency crown

Swiss regulators are stepping up efforts to halt an exodus of cryptocurrency projects from the country, after two of only a handful of banks active in the nascent sector shut their doors on it in the last year.

New products, standards buoy Islamic trade finance business

Islamic trade finance is poised for change with the launch of new products and common standards as Islamic banks look to grab market share away from traditional lenders which are retreating from the sector because of regulatory constraints.

IBM partners Stronghold for new digital stable coin

International Business Machines Corp is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said.

BlackRock is evaluating cryptocurrencies, CEO Fink says

BlackRock Inc Chief Executive Larry Fink on Monday said the world's largest asset manager has assembled a working group to look at blockchain technology and cryptocurrencies such as bitcoin, but cautioned he does not see massive investor demand.

Global regulators start monitoring crypto assets

Global regulators have published a framework for "vigilantly" monitoring risks from crypto assets like bitcoin <BTC=BTSP> and ether, even though they don't pose a major risk to financial stability for now.

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Trump denies wrongdoing, says lawyer's tape 'perhaps illegal'

WASHINGTON U.S. President Donald Trump on Saturday denied any wrongdoing a day after reports that his onetime attorney Michael Cohen had recorded them both discussing buying the rights to a story by a woman who said she had an affair with Trump. | Video