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...
The French financial regulatory body, the Autorité des marchés financiers (AMF), has introduced significant revisions to the country's existing cryptocurrency regulations. These updated rules will impose more stringent registration criteria on cryptocurrency companies seeking licenses. In a blog post...
The United States Securities Exchange Commission has made moves to appeal the recent ruling in its lawsuit against Ripple. In a letter addressed to Judge Analisa Torres on August 9, 2023, the SEC contended that the court's decisions on...
Ripple has revealed its plans to engage with Hong Kong's vibrant developer community and burgeoning blockchain investments. This announcement was made via a post on X (formerly known as Twitter) on August 9, 2023. The blockchain firm posted a...
