Financial Innovation

The FATF has updated its standards to strengthen the risk-based approach by focusing more on proportionality of measures and urging countries to support innovation in the financial sector, including crypto. This change aims to balance regulation with growth, benefiting crypto users and businesses alike.

Citibank has launched the Citi Integrated Digital Assets Platform (CIDAP) to revolutionize digital asset management through blockchain. Offering services like digital custody, tokenization in partnership with Wellington Management and WisdomTree, and instant payment solutions, Citi is shaping the future of finance. Recent collaborations and landmark initiatives showcase their leadership in the crypto space.