In today's globalized economy, the ability to conduct seamless cross-border transactions is crucial for businesses. However, the current payment ecosystem is fragmented and siloed, posing significant challenges for Business-to-Business (B2B) payments. Interoperability emerges as a key solution to
In a significant move towards strengthening data governance and addressing cybersecurity concerns, the Cyberspace Administration of China (CAC) introduced new draft measures for the certification process of personal information protection in cross-border data transfers (CBDT) on January 3, 2025.
In today's interconnected world, cross-border transactions have become a common aspect of global business and personal finance. However, the complexity of U.S. tax laws can create significant challenges for individuals and businesses engaged in these international dealings. The U.S. tax system's
China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), recently introduced stringent new rules aiming to intensify oversight of cryptocurrency activities. Set to become effective by December 31, 2024, these regulations specifically target illegal cross-border
In an unexpected but strategic move, Russia has started adopting Bitcoin for international trade to counteract the effects of stringent international sanctions. Russian Finance Minister Anton Siluanov confirmed that Russian companies have begun utilizing Bitcoin (BTC) for conducting international
As the global business environment continues to evolve rapidly, the logistics industry faces mounting pressure to enhance efficiency, transparency, and security within its supply chains. This dynamic landscape necessitates innovative solutions capable of addressing these challenges, and few
