Cash-strapped Maldives to build $9bn blockchain hub in bid to lure investors

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Dubai-based family office has announced plans to invest $8.8bn to build a “blockchain and digital assets” financial hub in the Maldives, a scheme the cash-strapped Indian Ocean archipelago hopes will help it through a … Read more

Reeves’ pension overhaul smacks of ‘desperation’, says shadow chancellor

Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. Rachel Reeves has been accused by the Conservatives of “desperation” after plans to corral pension funds to invest more in the UK were criticised by the industry. The chancellor is trying to increase the amount … Read more

Trump’s crypto-friendly stance lures firms to US market

Deribit, the world’s largest cryptocurrency options exchange, is looking to enter the US market, joining a host of European and Asian cryptocurrency companies that are trying to exploit President Donald Trump’s pledge to make the country the global centre for digital assets. The Dubai-based group, which handled a notional $1.3tn of deals last year, is … Read more