SAFE

SAFE
2026-08-02 08:30:12

China’s foreign exchange regulator says AI and big data will be used to strengthen oversight

China’s State Administration of Foreign Exchange said it held a video conference on work plans for the second half of 2026, laying out key foreign exchange management priorities for the period. According to the meeting readout carried by Odaily, the regulator said it will strengthen and improve oversight in the foreign exchange sector and push forward revisions to the Regulations on Foreign Exchange Administration. The agenda also called for improving supervisory capacity by applying new technologies including artificial intelligence and big data to foreign exchange oversight. At the same time, authorities said they will step up supervision of trading behavior in the foreign exchange market and keep intense pressure on illegal cross-border financial activities. Beyond enforcement, SAFE said it will strengthen its foreign exchange reserve operation and management capabilities, raise the professional level of reserve management, improve overall foreign exchange administration, advance the balance of payments statistical system, deepen the construction of “digital foreign exchange administration” and “secure foreign exchange administration,” and accelerate practical exploration of “smart foreign exchange administration” use cases.

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China’s foreign exchange regulator says AI and big data will be used to strengthen oversight
Safe
2026-07-29 12:56:09

Safe logged nearly 130 million Q2 transactions as revenue fell more than 30% from Q1

Safe posted a record transaction count in the second quarter, according to its latest report cited by The Block and relayed by BlockBeats on July 29. The crypto wallet protocol said it processed nearly 130 million transactions during the quarter, while total accounts created topped 63 million, up 20% year over year. The report also said roughly $1 of every $48 in global stablecoin supply is held in Safe. Revenue moved in the opposite direction. Safe reported about $1.98 million in revenue for the quarter, down from $2.88 million in the first quarter, a decline of more than 30% on a quarter-over-quarter basis. The report said the drop may be tied to pressure on crypto prices. Most of Safe’s transaction volume in the quarter came from consumer applications on World Chain and Polygon. World App accounted for 52% of activity, while Polymarket made up 35.7%. The report also gave an update on Safenet, Safe’s onchain security network launched in beta in April. By the end of the quarter, Safenet had handled 456,000 transaction checks, secured by staked SAFE tokens. Current staking stands at about 54.8 million SAFE.

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Safe logged nearly 130 million Q2 transactions as revenue fell more than 30% from Q1
Newity
2026-07-24 01:15:16

Newity Raises $11M to Bring Small Business Lending Onchain

Newity has raised $11 million in a strategic round led by CMT Digital. The fintech says it has processed over $12 billion in financing for more than 125,000 businesses and is exploring tokenized loan assets.

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Newity Raises $11M to Bring Small Business Lending Onchain