In Hong Kong, local financial authorities have proposed to develop and implement new regulatory rules for issuers of stablecoins, which can be described as a reaction to ongoing changes in the sphere of virtual assets.
Yellow Card fintech has launched PayPalUSD paving new ways for digital financial transactions between Africa and the United States.
South-East Asian super-app Grab has enhanced its services with a Web3 offering supported by the USDC issuer Circle
The heads of the G20 countries called for measures to be taken and intensive work to implement global rules in the area of cryptocurrencies as soon as possible.
Last week, the central bank of Colombia released a report suggesting that limiting CBDC with a high degree of probability may be the right strategy for a financial institution.
To be eligible for the new Cryptocurrencies Hub, a PayPal user must have “a personal PayPal account and a Balance Account in good standing”
The Circle Internet Financial crypto company hopes that its $1 billion cash reserve will allow it to withstand the process of competition from so-called non-crypto firms like PayPal Holdings.
Cambodia’s central bank digital currency (CBDC), Bakong, will become the foundation for an expanding international payment system for Asian countries
Hackers were able to steal over $47 million from several stable pools at Curve Finance – an exchange liquidity pool on Ethereum
The shadow government of Myanmar, the National Unity Government (NUG), plans to create a neobank, whose activities will be carried out on the Polygon platform.
The South Korean prosecutor’s office said that Do Kwon, after his arrest at the end of March, was able to withdraw tens of millions of dollars from an organization that is associated with his blockchain project, which suffered a crushing failure.
USDC stablecoin developer Circle will launch the “official” version of its token running natively on the Arbitrum network
Stablecoin Tether Holdings Ltd. restored the entire market value of about $20 billion.
The Deputy Governor of the Bank of England, John Cunliffe, admitted that, with a high degree of probability, regulators will be forced to introduce restrictive measures regarding the possibility of using stablecoins to perform payment financial operations.
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