The Fed said that the newly introduced activities monitoring plan aims to encourage the good aspects of financial innovations along with addressing risks.
Amid the arrangement with the Bahamian government, the DoJ couldn’t add further charges on SBF. However, it still plans to look at the alleged campaign finance scheme.
The DREX CBDC will utilize distributed ledger technology (DLT) for settling wholesale interbank transactions, and retail access will rely on tokenized bank deposits.
The exchange’s USDC balance was reduced from $3.4 billion on March 1 to $23.9 million by May 1.
The new MPI license makes it possible for Blockchain.com to offer regulated digital payment token services to institutions and accredited investors.
Bitstamp is also looking to expand its operations in the UK after securing the FCA license earlier this year.
Scammers may continue to cash in on the PayPal stablecoin launch for as long as possible.
Following the attack, the Cypher Protocol team highlighted that an internal investigation had been launched to determine the root cause of the exploit.
Ripple has now joined more than a thousand members of the ISDA to shape the global derivatives market and contribute to key decisions.
McHenry believes that stablecoins have the potential to play a huge role in the 21st-century payments system.
Worldcoin has lost its documents and machines in Nairobi to Kenyan police and other authorities in a recent raid.
PayPal assures its users that PYUSD is fully backed by USD, reserve with funds supporting the stablecoin, while addressing concerns about issuing unbacked tokens.
Crypto scammers are trapping gullible investors by creating replica websites and social media accounts of real-life projects. Later they ask the users to connect their wallets, and siphon off the funds.
Though subdued, it was a positive all-round performance for the crypto market in Q2 2023.
Since launching nearly a week ago, Worldcoin has been subject to increased scrutiny and criticism.