Fintech PR

CCI Announces Major Expansion Across Geographies and Expertise

Published

4 weeks ago

October 30, 2024

cci-announces-major-expansion-across-geographies-and-expertise

Global expansion to Africa, Japan, and a partnership for global standards.
Proof of Stake Alliance now part of the CCI ecosystem; new subject matter expert joins.
New research partnership with Decentralization Research Center.
Read more from CEO Sheila Warren.

WASHINGTON, Oct. 30, 2024 /PRNewswire/ — Today, the Crypto Council for Innovation (CCI) announced a series of significant developments as part of its continued growth and global expansion.

They include: partnerships with the Japan Cryptoasset Business Association (JCBA) and Global Digital Finance (GDF), the integration of the Proof of Stake Alliance (POSA) into the CCI ecosystem, and the addition of Yele Bademosi as Africa Advisor.

Expanding Expertise: Proof of Stake Alliance

Staking market value has surged to nearly $600 billion. Next year, regulators and policymakers across jurisdictions will turn increased attention to this growing ecosystem.

As part of our commitment to expanding technical expertise and to making sure leaders stay ahead of the curve, CCI is proud to announce the integration of the Proof of Stake Alliance (POSA) as a core project that will prioritize educating global policymakers on the critical role of staking in network security and decentralization.

The project will continue to be led by trusted expert Alison Mangiero, Executive Director of POSA. It is anchored by Figment and Polychain Capital and members include Andreessen Horowitz, Ava Labs, Blockdaemon, Eigen Labs, Electric Capital, Lido, Kiln, and Paradigm. Anchors will help guide the areas of strategic focus and all members will work on advocating for clear and forward-looking policies for an important year ahead.

“CCI has always been about setting the standard for the responsible growth of blockchain technology,” said Sheila Warren, CEO, Crypto Council for Innovation. “Combining POSA’s technical expertise with CCI’s global advocacy reach will create the ideal team to lead the conversation around the future of this crucial issue.”

“With staking more critical than ever, joining forces with CCI is a pivotal step forward,” said Alison Mangiero, Executive Director, POSA. “At the Proof of Stake Alliance, we’ve been dedicated to producing legal and policy research and advocating for policies that support, grow, and protect proof-of-stake technologies and raising awareness about their crucial role in network security and maintenance. We are ready to take this message forward globally.”

“The exponential growth of the staking market underscores its critical role in the blockchain ecosystem,” said Jennie Levin, Chief Regulatory and Strategy Officer, Figment. “As we join forces with Crypto Council for Innovation, Figment is committed to advocating for clear, equitable policies that foster innovation while ensuring consumer protection. Our goal is to educate policymakers globally on the technical nature of staking services, emphasizing their distinct role in network security and decentralization.”

“Polychain is proud to be an anchor of POSA and continue supporting this initiative to educate global policymakers about the essential role staking plays in network security and decentralization,” said Matt Perona, COO, Polychain Capital. “We look forward to identifying and raising topics of critical importance for consideration by the broader group that will help guide POSA’s work.”

Global Expansion: CCI partners in Japan, on Global Standards and adds Yele Bademosi as Advisor

CCI and JCBA Forge Partnership to Expand Digital Asset Policy Collaboration Across Asia

In a groundbreaking move, CCI and JCBA are joining forces to collaborate on advancing digital asset policy in Japan and across Asia. The partnership is focused on sharing regulatory insights, policy developments, and advocacy efforts to amplify their collective voice in the region.

“This partnership strengthens both organizations’ ability to drive thoughtful, informed policy discussions on a global scale,” said Warren. “We look forward to working with JCBA to shape the future of digital asset regulation in an increasingly key global market.”

This collaboration marks an important milestone in uniting the strengths of the U.S. and Japan in the crypto ecosystem. By aligning regulatory efforts across key markets, CCI and JCBA are poised to drive greater consistency in global policy approaches, enabling business and innovation to thrive while ensuring robust consumer protections.

Strengthening Industry Collaboration: CCI and Global Digital Finance (GDF)

CCI is excited to announce its collaboration with GDF. A leading organization dedicated to making finance truly global and digital, GDF focuses on reshaping financial services and markets through decentralized financial market infrastructure and digital assets.

Through this collaboration, both organizations will continue existing joint work on critical issues, including staking; engage jointly on select key policy papers and consultation responses to regulators and policymakers; and further build community engagement in the UK. This work will help ensure that crypto and digital assets are used responsibly and sustainably, laying the groundwork for a more inclusive global financial system.

“GDF and CCI share a common mission of promoting global financial inclusion and accessibility,” said Laura Navaratnam, UK Policy Lead, CCI. “This collaboration, along with CCI’s growing influence across various regions, are setting the stage for a more connected, innovative, and equitable future for blockchain and digital assets worldwide.”

“CCI and GDF are both recognised by industry, policymakers, and regulators as the preeminent global industry associations with a track record of building community consensus and delivering material outcomes that move the digital assets industry forward – the collaboration has created a supranational tour de force,” says Elise Soucie Watts, Executive Director, GDF.

CCI and GDF look forward to continuing to collaborate in order to support the digital asset ecosystem and to achieve appropriate regulatory outcomes for our members to help grow responsible innovation.

Expanding Networks Across Africa: Welcoming New Advisor Yele Bademosi

CCI welcomes Yele Bademosi as a new advisor. Yele, Co-Creator of Onboard Global and a prominent voice in the African blockchain space, will help CCI expand its network across the African continent. His extensive knowledge of Africa’s digital asset landscape and his commitment to fostering blockchain adoption make him a valuable addition to the CCI team.

“Yele’s appointment underscores CCI’s dedication to broadening its global reach, with a particular focus on Africa’s rapidly growing interest in blockchain technology,” Warren said. “Through his leadership, CCI will work to connect African innovators with global policymakers, ensuring that Africa’s burgeoning crypto industry is represented in discussions shaping the future of digital finance.”

With these key developments, CCI is poised to lead the conversation on the future of blockchain technology, fostering an environment of innovation, collaboration, and forward-thinking regulation across the globe.

Focusing on Fundamentals: CCI and Decentralization Research Center

CCI and the Decentralization Research Center (DRC) are also announcing a partnership aimed at advancing research and promoting collaboration on the critical issue of decentralization within blockchain technology.

As decentralized technologies continue to reshape industries, the DRC will focus on defining use cases, key metrics, and features that illustrate the spectrum of decentralization across blockchain networks.

Through this partnership with CCI, a broad range of stakeholders will gain evidence-based insight from educational materials and analyses that highlight the importance of decentralized models.

The DRC believes that decentralization is not only key to blockchain but is also critical across all emerging technologies to ensure more equitable ownership and governance of the systems that shape our society. While CCI remains focused on the crypto ecosystem, there is increasing interest from policymakers in decentralization as it relates to adjacent technologies, including artificial intelligence.

“This collaborative effort will foster clarity and consensus, helping to elevate the voice of decentralized communities and inform regulatory and policy frameworks that reflect the unique value of decentralized systems,” Warren said.

“Decentralization is the cornerstone of trust and resilience in blockchain systems,” said Connor Spelliscy, Executive Director, DRC. “We’re excited to partner with CCI to deepen understanding and promote frameworks that capture the value of decentralization.”

Addendum – Executive Quotes on POSA

“We founded the Alliance when many of the first proof of stake blockchains were launching, and the first staking as a service providers were beginning to commercialize their services,” said Evan Weiss, COO of Alluvial and Founder of POSA. “In the years since, the staking industry has grown and matured exponentially. I’m excited for POSA to take its next step forward as a global player, advocating for the regulatory clarity that would unleash a new wave of institutional and mainstream adoption for staking ecosystems, and bring millions of new users onchain.”

“At Blockdaemon, we’re proud to be part of POSA, marking a significant step toward amplifying the voice of the staking industry on a global scale,” said Konstantin Richter, CEO & Founder, Blockdaemon. “As proof-of-stake ecosystems expand, it’s crucial to advocate for clear, thoughtful standards to help risk management while pushing forward innovation to establish staking as a critical technical service.”

About the Crypto Council for Innovation

The Crypto Council for Innovation is the premier global alliance for advancing innovation. It believes in leading with a global view, advocating for inclusive regulation, and developing evidence-based insights to support government and business leaders. It has teams in San Francisco, Washington DC, New York, Denver, London, Brussels, and Hong Kong.

Press contact

Amanda Russo, Director of Communications, Crypto Council for Innovation, [email protected] +1 510 761 1657

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Fintech PR

China’s AIMA brand electric motorbike is now in Bangladesh

Published

9 hours ago

November 23, 2024

CISION (PR Newswire)

DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.

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Fintech PR

China Telecom Gulf Officially Launches in Saudi Arabia for Business

Published

10 hours ago

November 23, 2024

CISION (PR Newswire)

china-telecom-gulf-officially-launches-in-saudi-arabia-for-business

HONG KONG, Nov. 23, 2024 /PRNewswire/ — On November 21, China Telecom Gulf was officially launched in Riyadh. This milestone marks a significant step in China Telecom’s efforts to provide deep services under the “Belt and Road Initiative” and to promote the building of a “China-Arab Community with a Shared Future.” It signifies another solid advancement on China Telecom’s path toward internationalization. Mr. Liu Guiqing, Executive Director and EVP of China Telecom Corporation, delivered an opening speech, along with Mr. Fawaz, Representative of Contact Office of Chinese Companies in the KSA, Deputy General Manager of Industrial and Commercial Bank of China Riyadh Branch. Over 100 guests and leaders from the Economic and Commercial Office of Embassy of the PRC of the KSA, Saudi Telecom Company (STC), Bank of China, Huawei, and others attended to witness this momentous occasion.

In his address, Mr. Liu Guiqing emphasized China Telecom’s commitment to openness, cooperation, and mutual benefit. He expressed the company’s willingness to share its experiences in cloud-network integration, cloud transformation, intelligent operations, and technological innovation. China Telecom aims to work closely with various levels of Saudi governments, enterprises, and partners to actively participate in the development of local digital infrastructure, drive the rapid advancement of next-generation information technologies, and establish a robust bridge for cooperation between China and Saudi Arabia in the field of information technology. Leveraging its extensive resources and global operational capabilities, China Telecom plans to bring its strengths in 5G, cloud computing, artificial intelligence, and other fields to provide innovative, high-quality communication products and services to Saudi enterprises, institutions, and consumers.

Mr. Fawaz extended his warm congratulations on the opening of China Telecom Gulf. He highlighted that as a leading global provider of communication services, China Telecom possesses abundant cloud-network resources and mature international service capabilities. The establishment of China Telecom Gulf is a significant step toward supporting the digital transformation of businesses in the region. He expressed confidence that through joint efforts, the company will seize opportunities in the digital era and contribute to Saudi Arabia’s socio-economic development and practical cooperation between China and Saudi Arabia in various fields.

China Telecom showcased its global resources, business capabilities, and its investments and partnerships in the Middle East and Africa. Key services introduced included eSurfing Cloud, computing power solutions, quantum technology, and customized 5G networks. Currently, China Telecom operates branches in 42 countries and regions worldwide, owns 53 international submarine cables, and manages 27 self-operated Internet Data Centers (IDCs). Its cloud-network integrated infrastructure and customer-centric digital service systems provide coverage across the globe.

During the event, China Telecom Gulf signed strategic cooperation agreements with Saudi Telecom Company (STC), Huawei Saudi Arabia, and Baud Telecom Company. The parties committed to deep collaboration, leveraging their respective strengths to provide optimized and convenient digital experiences to Saudi customers.

The establishment of China Telecom’s presence in Saudi Arabia marks a major milestone in the company’s entry into the Middle Eastern communications market, representing a key development in its global strategy. Moving forward, China Telecom Gulf will leverage China Telecom’s robust digital infrastructure and resource integration capabilities. We will collaborate closely with local Saudi enterprises, Chinese businesses expanding internationally, and global companies to strengthen cooperation and enhance exchanges. The company aims to contribute to the growth of Sino-Saudi and Middle Eastern industrial cooperation, continuously offering more smart solutions for the development of the Middle East’s digital economy, while striving to become a world-class provider of digital and intelligent technology services.

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Fintech PR

Redefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore

Published

1 day ago

November 23, 2024

CISION (PR Newswire)

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SINGAPORE, Nov. 23, 2024 /PRNewswire/ — The thriving India–Singapore partnership in banking and technology reached a new milestone as Nucleus Software celebrated 30 years of transformative innovation at Synapse 2024, held in Singapore. The event underscored the company’s role in redefining financial services across Southeast Asia (SEA) and the globe, bringing together leaders in finance and technology to explore a shared vision for the future of banking.

Synapse 2024 celebrated 30 years of Nucleus Software’s leadership in driving transformative change across Singapore and Southeast Asia’s financial ecosystem. The event also shone a spotlight on the Global Finance & Technology Network (GFTN), an initiative supported by the Monetary Authority of Singapore (MAS) to champion responsible technology adoption. The event highlighted the deepening synergies between India and Singapore, driven by their shared commitment to innovation, cross-border collaboration, and financial inclusion. As the financial services sector undergoes rapid evolution with advancements in artificial intelligence, blockchain, and digital banking, these partnerships are setting the stage for a more connected, resilient, and inclusive global ecosystem.

Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, reflected on the milestone: “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”

The event brought together a distinguished array of participants, highlighting the transformative potential of India–Singapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of Honor, set the tone for the event with his opening remarks, emphasizing the transformative role of big tech in reimagining scalable, customer-centric financial services in the digital age.

Following his address, key speakers enriched the discussions with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore and Group CEO-Designate of The Global Finance & Technology Network (GFTN), underlined the importance of fostering responsible technology adoption and building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former Comptroller and Auditor General of India, shared his perspectives on governance and policy frameworks in financial systems. Mr. S.M. Acharya, Chairman of Nucleus Software and former Defence Secretary of India, offered a visionary outlook on leveraging technology to modernize and secure banking frameworks. Finally, Mr. Pieter Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech innovator, discussed the future of decentralized finance and its implications for the financial sector.

The event showcased the transformative role of technology in global financial systems, emphasizing innovations that set benchmarks for scalability and inclusivity. Panelists discussed the importance of localized solutions, the challenges of cross-border integration, and leveraging dual business models to optimize capital and foster public participation. The dialogue highlighted the need for common standards, unified frameworks like APIs, and collaborative efforts to accelerate financial inclusion and drive global connectivity in the digital age.

For 30 years, Nucleus Software has consistently introduced advanced lending and banking solutions that support financial institutions’ evolving needs in Singapore and South East Asia. Driven by lean development methodologies like Acceptance Test-Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push boundaries in efficient, flexible, and secure financial technology.

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