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Sumsub and GOE Alliance Sign MoU at WEF 2026 to Support Compliant Crypto Payments in Vietnam
manilatimes71d ago

Sumsub and GOE Alliance Sign MoU at WEF 2026 to Support Compliant Crypto Payments in Vietnam

DAVOS, Switzerland, Jan. 22, 2026 /PRNewswire/ -- During the World Economic Forum (WEF) 2026, Sumsub, a global leader in identity verification and fraud prevention, signed a Memorandum of Understanding (MoU) with the Global On-chain Economy Alliance (GOE Alliance) during an international networking and cooperation promotion program hosted by the Ho Chi Minh City People's Committee, and co-organized by HCMC C4IR and VIFC-HCMC. The MoU was announced during a working session attended by Vietnamese Government leaders, representatives of international organizations, and members of the domestic and international business and innovation communities. The event formed part of broader efforts to present the vision for developing Vietnam's International Financial Center (IFC) in Ho Chi Minh City, while expanding collaboration with global partners across finance and technology.Crypto Payments for International Tourism and ServicesThe agreement focuses on deploying practical, infrastructure-level use cases within the on-chain economy, with an emphasis on compliant crypto and stablecoin payment solutions for the tourism sector - an industry characterized by high-frequency and high-volume cross-border payments, where robust identity verification and fraud prevention are critical.Under the agreement, crypto payment solutions are intended for international tourists' expenditures, including accommodation, transportation, dining, shopping, and other tourism-related services. The use of cryptocurrencies and stablecoins helps reduce currency conversion barriers, lower foreign exchange costs, and deliver a more seamless and convenient payment experience for travelers. This is considered a highly feasible and easily deployable application scenario, with the potential to generate direct and tangible impacts on tourism and international consumer spending flows into Vietnam.The MoU was signed as part of a broader on-chain ecosystem initiative showcased at WEF Davos 2026, bringing together public-sector stakeholders and private-sector infrastructure providers - including the GOE Alliance, the Ho Chi Minh City Government, Sumsub, and stablecoin issuer Tether - to support the development and deployment of regulated, real-world crypto use cases within Vietnam's IFC framework.At the ceremony, Mr. Nguyen Thanh Trung - Chief Executive Officer of Sky Mavis and a Founding Member of the GOE Alliance - represented the Alliance in signing the MOU with Sumsub's Co-Founder and Chief Executive Officer, Andrew Sever. "The on-chain economy is new economic infrastructure, not a new market. Like railways for trade and the internet for information, it enables value in the 21st century and it only works through shared standards and collaboration," said Nguyen Thanh Trung, Chief Executive Officer of Sky Mavis and a Founding Member of the GOE Alliance."As crypto and stablecoin payments move into real-world use cases, strong compliance infrastructure becomes essential," said Andrew Sever, Co-Founder and CEO at Sumsub. "This collaboration reflects how governments and industry can work together to enable innovation while ensuring trust, security, and scalability, particularly in high-volume environments like international tourism."Separately during WEF 2026, the GOE Alliance also signed a MoU with Crystal Intelligence, the leading blockchain analytics provider in Europe, focused on the development of cross-border payment infrastructure within the on-chain economy.###About SumsubSumsub is a leading full-cycle verification platform that enables fraud-free, scalable compliance. Its adaptive, no-code solution covers everything from identity and business verification to ongoing monitoring - quickly adjusting to evolving risks, regulations, and market demands.Recognized as a Leader by Gartner, Liminal, and KuppingerCole, Sumsub combines seamless integration with advanced fraud prevention to deliver industry-leading performance.

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ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) Shares Up 1.7% – Here’s Why
americanbankingnews71d ago

ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) Shares Up 1.7% – Here’s Why

Shares of ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT – Get Free Report) rose 1.7% during mid-day trading on Thursday . The company traded as high as $41.92 and last traded at $41.07. Approximately 1,594,466 shares traded hands during trading, a decline of 33% from the average daily volume of 2,373,457 shares. The stock had previously [...]

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Franklin Bitcoin ETF (BATS:EZBC) Shares Up 0.7% – Here’s Why
americanbankingnews71d ago

Franklin Bitcoin ETF (BATS:EZBC) Shares Up 0.7% – Here’s Why

Franklin Bitcoin ETF (BATS:EZBC – Get Free Report) shares traded up 0.7% during mid-day trading on Thursday . The company traded as high as $52.30 and last traded at $52.15. 691,299 shares changed hands during trading, The stock had previously closed at $51.81. Franklin Bitcoin ETF Trading Down 0.9% The company has a 50-day moving [...]

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Core Scientific (NASDAQ:CORZZ) Trading Down 1.8% – Should You Sell?
americanbankingnews71d ago

Core Scientific (NASDAQ:CORZZ) Trading Down 1.8% – Should You Sell?

Core Scientific, Inc. (NASDAQ:CORZZ – Get Free Report) fell 1.8% during trading on Thursday . The stock traded as low as $17.99 and last traded at $17.87. 3,989 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 13,185 shares. The stock had previously closed at $18.19. Core Scientific [...]

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Invesco Galaxy Bitcoin ETF (BATS:BTCO) Trading Up 0.6% – Should You Buy?
americanbankingnews71d ago

Invesco Galaxy Bitcoin ETF (BATS:BTCO) Trading Up 0.6% – Should You Buy?

Invesco Galaxy Bitcoin ETF (BATS:BTCO – Get Free Report)’s stock price shot up 0.6% on Thursday . The stock traded as high as $90.03 and last traded at $89.77. 152,235 shares changed hands during mid-day trading, The stock had previously closed at $89.27. Invesco Galaxy Bitcoin ETF Trading Down 0.9% The company’s 50-day simple moving [...]

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CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) Trading Down 0.8% – What’s Next?
americanbankingnews71d ago

CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) Trading Down 0.8% – What’s Next?

CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) shares were down 0.8% during trading on Thursday . The company traded as low as $24.95 and last traded at $25.22. Approximately 427,430 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 690,302 shares. The stock had previously closed [...]

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Stablecoin Payments Revolution: Fashion Group Hyungji’s Strategic Partnership with Arbitrum Foundation
bitcoinworld71d ago

Stablecoin Payments Revolution: Fashion Group Hyungji’s Strategic Partnership with Arbitrum Foundation

BitcoinWorldStablecoin Payments Revolution: Fashion Group Hyungji’s Strategic Partnership with Arbitrum FoundationSEOUL, South Korea – January 23, 2025 – Fashion Group Hyungji, a prominent South Korean apparel company, has announced a groundbreaking partnership with the Arbitrum Foundation to implement stablecoin payments across its global retail network. This strategic move represents a significant advancement in blockchain adoption within traditional retail sectors, potentially transforming how consumers interact with [...]This post Stablecoin Payments Revolution: Fashion Group Hyungji’s Strategic Partnership with Arbitrum Foundation first appeared on BitcoinWorld.

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ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) Trading Up 1.7% – Should You Buy?
defenseworld71d ago

ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) Trading Up 1.7% – Should You Buy?

ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT – Get Free Report)’s stock price traded up 1.7% during trading on Thursday . The company traded as high as $41.92 and last traded at $41.07. 1,594,466 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 2,373,457 shares. The stock had previously [...]

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Cedi ends third week of January trading at GH¢10.87 to $1
ghanamma71d ago

Cedi ends third week of January trading at GH¢10.87 to $1

The Ghana cedi, has ended the third week of January 2026 by trading at GH¢10.87 to the US dollar on the Bank of Ghana’s interbank foreign exchange market. Data released by the central bank on Friday, January 23, 2026, showed the dollar buying at GH¢10.86 and selling at GH¢10.87. Other major currencies also recorded slight [...]

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Income Capital Management Yearly Results 2025
openpr71d ago

Income Capital Management Yearly Results 2025

Income Capital Management Reports Strong 2025 Performance in a Year of Divergent Global MarketsPrague, Czech Republic- Income Capital Management closed 2025 with solid results across its diversified investment strategies, successfully navigating a year marked by sharp divergences between asset classes.

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