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Italy's banks support the European Central Bank's effort to introduce a 'digital euro' central bank digital currency (CBDC), a top official of the Italian Banking Association (ABI) said at a press seminar, according to a recent Reuters report. However, the banks want to spread out the upfront capita…
Pakistan is considering launching a rupee-backed stablecoin, as experts warn that delays in regulating digital assets could cost the country up to $25 billion in lost economic opportunities.Speaking at the Sustainable Development Policy Institute (SDPI) Conference on Friday, Pakistan Banks Associati…
Opinion by: Christos A. Makridis, associate research professor at Arizona State University and visiting fellow at the Heritage FoundationStablecoins received a real boost when US President Donald Trump signed the GENIUS Act earlier this year — and now European banks are trying to get into the act by…
Indian tax authorities are investigating more than 400 high-net-worth Binance traders suspected of evading India's relatively high crypto taxes while trading on the world's largest cryptocurrency exchange, according to a report from The Economic Times. The traders are suspected of evading taxes on t…
Uganda has launched a central bank digital currency (CBDC) pilot as part of a broader tokenization effort across the African nation, while its neighbor Kenya is on the verge of enacting a crypto regulation bill. Blockchain financial infrastructure company the Global Settlement Network (GSN) has part…
Strategic investment & partnership: DeFi Technologies has invested in and partnered with Canada Stablecorp to help scale QCAD, a Canadian dollar stablecoin rail. Other investors in Stablecorp include Coinbase Ventures, Circle Ventures, Side Door Ventures, and additional industry leaders. Can…
A group of major European banks has joined forces to launch a euro-pegged stablecoin in compliance with Europe’s Markets in Crypto-Assets (MiCA) framework.Dutch lender ING and Italy’s UniCredit are among nine banks participating in the development of a euro-denominated stablecoin, according to a joi…
Kazakhstan’s central bank launched a pilot project with a new stablecoin pegged to the local fiat currency in collaboration with Solana and Mastercard.The National Bank of Kazakhstan announced the launch of the stablecoin project within the framework of its Digital Assets Regulatory Sandbox, accordi…
European Union finance ministers moved closer this week to a common position on the bloc's planned central bank digital currency (CBDC), the digital euro, which the EU frames as a strategic alternative to U.S.-dominated payment rails like Visa and Mastercard. The latest push emerged from ministerial…
Canada’s central bank is calling for the country to establish a stablecoin regulatory framework to modernize the payment system and avoid falling behind other countries that are moving forward with such policies.“Even if you’re on the right track, you’ll get run over if you sit there,” Ron Morrow, t…
Ripple has finally finished its legal battle against the US Securities and Exchange Commission, bringing legal clarity to the underlying coin, XRP . Now observers are asking whether XRP can finally focus on providing a viable alternative to SWIFT.The Society for Worldwide Interbank Financial Telecom…
Stellar (XLM) is currently stabilizing near the $0.42 mark after a volatile July rally that pushed prices up by more than 75%.Following a brief pullback to around $0.37, buyers have stepped in, keeping the token above critical support zones. As of early August, XLM trades between $0.384 and $0.392, …