UAE central bank approves licensing system for stablecoins
KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of dirham-backed payment tokens.
KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of dirham-backed payment tokens.
As Project mBridge enters its MVP phase, the BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platform’s potential.
Tether invests $18.75 million in XREX Group and launches XAU1 stablecoin to enhance cross-border B2B payments and regulatory technology.
As the FATF introduced new challenges for crypto businesses, industry leaders share insights for potential solutions.
Regulatory uncertainty is holding back the $20 trillion dollar financial advisory industry from investing more in crypto, claims Bitwise investment head Matt Hougan.
The U.S. politicians have accused Nigeria’s government of charging Gambaryan, a Binance compliance officer and former federal agent, with “baseless” crimes.
According to Odaily, the CME's 'Federal Reserve Watch' has predicted that the Federal Reserve is highly likely to maintain its current interest rates. The probability of the rates remaining unchanged in June is estimated at 99.8%, with a mere 0.2% chance of a 25 basis point increase. Looking further ahead to August, the likelihood of the rates staying the same is predicted at 82.3%. The possibility of a cumulative 25 basis point reduction is estimated at 17.5%, while the chance of a 25 basis point increase is projected at a minimal 0.1%. These predictions indicate a strong inclination towards stability in the Federal Reserve's interest rate policy in the coming months.
A judge ordered the U.S. Securities and Exchange Commission to pay $1.8 million following “bad faith conduct” over a temporary restraining order to freeze DEBT Box’s assets.
The new currency, an outgrowth of the government’s gold-backed token, is performing well economically but receiving mixed public reviews.
The former FTX CEO spent roughly a week at the Federal Transfer Center in Oklahoma City, with many speculating authorities planned to send him to a California prison.