ChainCatcher news, according to official sources, global digital financial technology company Circle announced that it has signed a Memorandum of Understanding (MOU) with technology, media, and telecommunications company HKT (Hong Kong Telecommunications) to explore potential collaboration in developing blockchain-based customer loyalty solutions for merchants in Hong Kong.The two companies aim to leverage Circle's expertise in Web3 services and HKT's extensive merchant ecosystem and customer engagement capabilities to develop customer loyalty solutions powered by Web3 technology, enhancing the ways consumers discover and interact with merchants, and promoting a more social and dynamic engagement experience.

ChainCatcher news, according to official sources, Tether has signed a memorandum of understanding with BTguru, a leading technology and strategy company specializing in virtual and crypto assets, to assess a digital asset education program in Turkey.This is part of Tether's broader vision for Tether EDU, which aims to create a world where education is unrestricted and accessible to everyone, everywhere. By supporting initiatives that break down educational barriers, Tether provides opportunities in emerging markets and beyond, aiming to help individuals prepare for the challenges and opportunities of the digital age. This effort goes beyond traditional learning methods and aims to lay the foundation for lifelong success.The memorandum of understanding signed with BTguru aims to assess the development of a comprehensive program, introduce the benefits of blockchain and peer-to-peer technology to private and public stakeholders, and leverage BTguru's connections to facilitate discussions with Turkish financial institutions. Additionally, both parties will explore real-world asset tokenization use cases in banking and evaluate regional payment network scenarios using Btguru Core.

ChainCatcher news, according to Decenter, the Financial Services Commission (FSC) of South Korea has announced that it has signed a memorandum of understanding with the Korea Internet & Security Agency (KISA) to cooperate in investigating unfair trading of virtual assets. This is due to numerous allegations of market manipulation in the virtual asset market and fraudulent transactions combined with information technology (IT).FSC Chairman Lee Bok-hyun stated, "Unlike capital markets, unfair trading of virtual assets requires digital information analysis, such as fact-checking related to cyber attacks. We will establish a real-time response system with KISA to prevent disguised cyber attacks or manipulation of digital information. For example, if a digital asset issuer hides code for manipulating the network in a smart contract, arbitrarily changing the issuance and circulation amounts, which contradicts the digital asset allocation plan stated in the white paper, then digital information analysis will be necessary."

ChainCatcher news, the Hong Kong InvestHK and the Swiss Crypto Valley Association (CVA) have signed a Memorandum of Understanding (MoU). The agreement was signed on June 6, 2024, aiming to strengthen cooperation, particularly in the areas of blockchain and cryptocurrency technology.The agreement also aims to regularly provide the latest market information to companies in Hong Kong and Switzerland, encourage business development in key sectors, and promote bilateral investment through business delegations and investment promotion activities. The Memorandum of Understanding is an important step towards enhancing the interconnectedness of the global fintech ecosystem.

ChainCatcher news, Zand Bank, a digital bank authorized by the Central Bank of the UAE, announced the signing of a memorandum of understanding (MOU) with MANTRA, a Layer1 blockchain focused on RWA. The collaboration between the two entities will focus on developing a framework to support the tokenization and distribution of RWA, and will comply with the regulations of the Dubai Virtual Assets Regulatory Authority (VARA).

ChainCatcher news, Layer1 public blockchain platform Zetrix Foundation and digital services company MY E.G. Services Berhad (MYEG) have signed a memorandum of understanding (MoU) with licensed virtual asset management company MaiCapital based in Hong Kong, planning to jointly launch a virtual asset fund or a Hong Kong virtual asset ETF product.The memorandum of understanding focuses on the collaborative issuance of an ETF approved by the Hong Kong Securities and Futures Commission (SFC), which will include a basket of cryptocurrencies such as Bitcoin and Zetrix, as well as other potentially suitable cryptocurrencies.

ChainCatcher news, the blockchain-based global settlement network Velo and its partner Lightnet announced the signing of a memorandum of understanding with the Solana Foundation to collaborate on the Laos Gold Project. Solana will serve as the blockchain settlement layer, while Velo will act as the backbone infrastructure layer and the designated clearinghouse for the Laos Digital Gold Exchange.It is reported that this collaboration will ensure the efficiency and security of transactions on the blockchain and enhance interoperability between different blockchains.

ChainCatcher news, according to the South China Morning Post, Animoca Brands has signed a memorandum of understanding with KACST (King Abdulaziz City for Science and Technology), a major scientific research center in Saudi Arabia.Yat Siu, co-founder and chairman of Animoca Brands, stated that the signing of the MOU aims to enter the underlying layer of Web3 development in Saudi Arabia and explore opportunities to participate in the early development stage.

ChainCatcher news, Tether today announced the signing of a Memorandum of Understanding (MOU) with the National Prospects Project Agency (NAPP), which is responsible for cryptocurrency regulation and development in the Republic of Uzbekistan. This strategic collaboration aims to position Uzbekistan as a central hub for peer-to-peer and blockchain technology, triggering a revolution in innovation and economic growth.Tether CEO Paolo Ardoino stated: "We are excited to collaborate with the National Prospects Agency (NAPP) of the Republic of Uzbekistan to explore the immense potential of blockchain, stablecoins, and peer-to-peer telecommunications technology in Uzbekistan. This partnership reflects Tether's commitment to promoting innovation and responsible development in the global digital asset ecosystem."

ChainCatcher News, the People's Bank of China and the Central Bank of the UAE have renewed a currency swap agreement in Hong Kong worth 35 billion RMB / 18 billion dirhams (4.9 billion USD), extending the bilateral currency swap agreement for five years to promote financial and economic ties. The two parties also signed a Memorandum of Understanding on Strengthening Cooperation in Central Bank Digital Currency to enhance technical cooperation in the development of central bank digital currencies. The renewed agreement will promote bilateral trade and strengthen financial cooperation between the two countries, and will facilitate the provision of liquidity to financial markets in local currencies, enabling more effective and efficient settlement of cross-border financial and trade transactions.

ChainCatcher news, Circle announced that it has signed a memorandum of understanding with Japan's financial group SBI Holdings to circulate USDC in Japan, establish banking relationships, and promote the use of Circle's Web3 services. SBI Shinsei Bank Limited will also provide banking services for Circle, enabling Japanese businesses and users to use USDC and gain liquidity.SBI Group will also adopt Circle's Web3 service solutions, such as programmable wallets, blockchain infrastructure, and smart contract management tools.

ChainCatcher news, the Hong Kong Monetary Authority held a bilateral meeting with the Saudi Central Bank in Riyadh today to strengthen cooperation in the financial services sector. Saudi Central Bank Governor Ayman Alsayari and HKMA Chief Executive Eddie Yue signed a memorandum of understanding to promote joint discussions on financial innovation. The memorandum will accelerate cooperation in various relevant fintech areas, sharing experiences in research and innovation, with a focus on the latest developments in regulatory technology, tokenization, and payment infrastructure.HKMA Chief Executive Eddie Yue stated: There is significant room for cooperation between the Kingdom of Saudi Arabia and Hong Kong in areas such as economy and trade, sustainable development, finance, and fintech. In particular, the memorandum will further promote collaboration and the exchange of information and expertise between the Saudi Central Bank and the HKMA in financial innovation and fintech. The HKMA sincerely hopes to work closely with the Saudi Central Bank to enhance connectivity between the Middle East and Asia in investment and financial markets.

ChainCatcher news, blockchain low-code development platform provider Morpheus Labs announced the signing of a memorandum of understanding with Tencent Cloud, aiming to promote Web3 gaming and metaverse innovation, and facilitate the development of the Web3 ecosystem. According to the memorandum, the collaboration between Tencent Cloud and Morpheus Labs will cover the development of digital technologies, blockchain, and Web3-related solutions, and will jointly build a fast, secure, and scalable integrated development environment.Both parties are primarily focused on the Asia-Pacific region, seeking to provide services for established and emerging companies in gaming and other verticals of blockchain to accelerate growth in their respective markets. (Source link)