On 2 April, LEOcoin opened their own exchange, LEOxChange, in Hong Kong and the cryptocurrency is now recognised by other digital currency exchanges.

Corporate treasury departments will have to start complying with International tax rules and provide documentation for transactions according to recent reports.

Emilio Saracho and Viswas Raghavan, both of JP Morgan, have been promoted from their roles at the Canary Wharf office to global roles at JPMorgan EMEA Corporate & Investment Bank.

The Royal Bank of Canada has become the first bank to complete cross-border Renminbi (RMB) payment using Canada’s new RMB Trading Hub.

Citigroup Inc’s retail forex brokerage arm, CitiFXPro, is being sold in order to consolidate their currency trading operation, a source told Reuters.