EU Considers Easing Restrictions on Foreign Stablecoins The world of cryptocurrency and blockchain technology is ever-changing, with new developments and innovations constantly reshaping the landscape. One such recent development is the proposal by the European Union to potentially ease restrictions on foreign stablecoins. This proposed guidance would treat non-EU stablecoins as equivalent to those registered […]
Major South Korean banks plan won-based stablecoin
Major South Korean Banks Poised to Introduce Won-Based Stablecoin In a groundbreaking move set to revolutionize the financial landscape of South Korea, major banks in the country are gearing up to launch a won-based stablecoin by the year 2026. This joint initiative holds the potential to significantly transform the way payments are made, remittances are […]
Turkey tightens grip on digital assets
Turkey Tightens Grip on Digital Assets Turkey has recently implemented new regulations tightening its grip on digital assets, particularly stablecoin transfers. These regulations have introduced daily and monthly limits on stablecoin transfers within the country, marking a significant shift in the Turkish government’s approach to digital currencies. Stablecoins, a type of cryptocurrency pegged to a […]
South Korea plans slow rollout of stablecoins
South Korea Plans Slow Rollout of Stablecoins South Korea, known for its tech-savvy population and innovative approach to finance, is treading cautiously when it comes to the introduction of stablecoins. The Bank of Korea officials have expressed concerns that the widespread adoption of stablecoins could potentially disrupt financial markets and have a significant impact on […]
GENIUS Act clears path for bank-run blockchains
GENIUS Act Clears Path for Bank-Run Blockchains In a groundbreaking move, the United States has passed the GENIUS Act, a law that paves the way for banks to issue stablecoins and operate blockchain networks. This significant development holds the potential to revolutionize the financial industry by offering clients faster and more regulated payment options. The […]
Bitget Wallet enables crypto QR payments in Vietnam
Bitget Wallet Revolutionizes Crypto Payments with VietQR Integration In a groundbreaking move for the crypto community in Vietnam, Bitget Wallet has introduced VietQR integration, allowing users to make daily purchases using stablecoins like USDT and USDC. This innovative feature is set to revolutionize the way people in Vietnam engage with cryptocurrencies, offering a seamless and […]
Senate passes the GENIUS Act to regulate stablecoins
Senate Passes the GENIUS Act to Regulate Stablecoins The United States Senate recently made a groundbreaking decision by passing the GENIUS Act, a significant piece of legislation aimed at regulating stablecoins. This move comes in response to the growing popularity of stablecoins in the digital currency market and the need to establish clear guidelines to […]
Senate edges closer to GENIUS Act
Senate Nears Final Approval of GENIUS Act The United States Senate is on the brink of a significant legislative milestone with the potential final approval of the bipartisan-backed GENIUS Act. This legislation, aimed at regulating stablecoins, has been making waves in the financial and technological sectors as it moves closer to becoming law. If all […]
Bank of America prepares for dollar stablecoin
Bank of America Prepares for Dollar Stablecoin Regulatory clarity is shaping the next steps for major banks entering the stablecoin market. As one of the largest financial institutions in the United States, Bank of America is gearing up to launch its own dollar-pegged stablecoin. This move comes as no surprise, considering the increasing interest in […]
Deutsche Bank explores stablecoin options
Exploring the Future of Banking: Deutsche Bank Considers Stablecoin Options In the ever-changing landscape of finance, traditional banks are constantly seeking ways to streamline their operations and provide more efficient services to their customers. One of the latest trends in the banking industry is the adoption of tokenised deposits and stablecoins, with Deutsche Bank at […]