To make a payment, participating banks would deposit their domestic central bank reserves in an escrow account controlled by the platform operator, and in return obtain a digital version to trade on the platform. “In the case of the Moroccan ceramics exporter, its bank would receive tokenized r...
•• Five leading broking companies were served show cause notices from the Securities and Exchange Board of India (SEBI). Investors who lent money using the exchange platform, incurred large losses when the borrowers defaulted on payments5 1Indian-origin couple sues UK bank over costly ...