AGP Executive Report
Last update: 9 hours agoCrypto Regulation Watch: India’s RBI panel is set to meet July 2 on crypto regulation, with the agenda also covering how VDAs should be taxed. Crypto Market Stress: Bitcoin slid below $60,000 amid macro jitters and a looming $10B options expiry on Deribit, while derivatives positioning signaled traders leaning defensive as liquidations mounted. Fintech Funding: Airwallex raised $320m at an $11bn valuation, pushing deeper into AI finance and autonomous finance infrastructure. Banking & Wealth Tech: MAS is creating a Future of Finance Institute to move AI and tokenisation beyond pilots, while Maybank partnered with Swiss firm Evooq to deploy AI advisory tools for relationship managers. Payments & Trading: Wise posted lower profits but announced a buyback of more than $500m after costs rose from its US listing; Binance said it will suspend crypto services in some EU countries. Cross-Border Finance: Circle and Nomura teamed up to target Japan’s $440bn FX market using stablecoin settlement. Digital Economy: Ethiopia highlighted digital transformation as a national competitiveness push, while Bahrain hosted a Smart Cities Summit focused on AI in fintech and urban tech.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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