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Called Fx Rate Locking, Alibaba’s foreign exchange hedging tool gives small businesses in China what they desperately need – scale.
A Swift solution – FINcopy – will inform the Reserve Bank of India in real time of every cross-border transaction involving the country.
The blockchain payment provider joins a Hong Kong company to enter the murky waters of China’s highly regulated cross-border payment enterprises.
MUFG and NTT DATA plan to build a blockchain trade highway that will ease bilateral trade between two of Asia's leading trading nations.
Taiwanese SMEs lost an estimated $6.6 billion in TRF (targeted redemption forwards) after the renminbi’s devaluation in 2015. The question now is who will pay back this money?