The Uzbekistani government has granted approval to two private banks, Kapital Bank and Ravnaq Bank, participating in its Special Regulatory Sandbox Regime for crypto assets, to issue crypto cards. These cards, named UzNEX, will be integrated directly with the...
Despite the liquidator's objections, a Singaporean court has ruled that the legal proceedings concerning the $140 million dispute between Teneo Capital, Three Arrows Capital (3AC)'s liquidators, and DeFiance Capital must take place within the country. These contested funds are...
Binance has taken another legal action in its ongoing battle with the United States Securities Exchange Commission (SEC). On August 14, 2023, the exchange submitted a motion requesting a protective order against the regulator. The motion, filed by BAM...
The Monetary Authority of Singapore has released the final draft of its regulatory framework for stablecoins. The updated framework, published on August 15, 2023, targets stablecoins pegged to the Singapore dollar or any major G10 currencies such as the...
In a strategic move to bolster its influence in the Canadian cryptocurrency market, Coinbase has introduced a new feature designed to streamline funding and withdrawal processes for local users. Through a strategic partnership with Peoples Trust Company, Coinbase has...
Hut 8 Mining Corp. has announced that it has received an "interim order" from a Canadian court to proceed with its planned merger with US Bitcoin Corporation. The company announced this development in a press release on August 14,...
The Canadian Central Bank has indicated that the prospects for widespread adoption of a central bank digital currency (CBDC) in daily transactions are currently limited because of the country' mature payment ecosystem. In a Staff Discussion Paper released on...
The Reserve Bank of Zimbabwe (RBZ) has announced that it is finalizing its plans to introduce Gold-Backed Digital Tokens for everyday transactions. In his presentation of the Mid-Term Monetary Policy Statement (MPS) on August 9, 2023, John Panonesta Mangudya,...
Visa is making significant strides in an experiment that could change how we handle on-chain gas fees. The global payment solutions provider is exploring a new way to pay these fees using Visa cards. In a recently published report...
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has put forth an innovative proposal to enhance India's payment ecosystem. The plan involves integrating an AI-powered conversational payment system into the country's unified payments interface (UPI). During...
