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South Korea Gears Up For Stablecoin Regulation, Bill Due In October
South Korea’s Financial Service Commission (FSC) is reportedly planning to present a government-backed bill in October. This initiative is part of the…
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Visa Closes U.S. Open-Banking Unit, Shifts Focus To Europe And Latin America
Visa has closed its open-banking unit in the United States, a source familiar with the matter told Reuters, underscoring growing tensions between…
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Grayscale Files SEC S-1 For Avalanche Trust (AVAX) Listing On Nasdaq
Grayscale Investment has submitted an S-1 registration with the U.S Securities and Exchange Commission (SEC), a filing reveals. The initiative aims to…
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Wall Street And European Banks Explore G7-Backed Stablecoins In Blockchain Shift
Global banks have joined forces to explore issuing digital money on public blockchains in a shift in how traditional finance approaches blockchain…
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HSBC Bids To Take Hang Seng Private In $13.6B Deal, Pauses Buybacks
HSBC made a move to tighten its grip on Asian banking after offering HK$106.1 billion ($13.6 billion) to buy out minority shareholders…
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UK Banks Launch Tokenized Deposit Pilots To Test Faster Payments
UK banks are quietly embracing blockchain technology, launching pilots of tokenized deposits that could reshape the way money moves across Britain’s financial…
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Tether In Talks With SoftBank And Cathie Wood’s Ark For $20 Billion Raise: Report
Tether Holdings SA is in talks with potential backers including SoftBank Group Corp. and Ark Investment Management LLC for a funding round…
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Coinbase Seeks Federal Trust Charter In Bid To Expand Crypto Payments
Coinbase has officially applied for a national trust charter with the U.S. Office of the Comptroller of the Currency (OCC), the exchange…
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U.S. Regulators Move Toward Clarifying Banks’ Role In Digital Asset Sector
The Federal Deposit Insurance Corporation (FDIC) is gearing up for a pivotal decision that could alter the relationship between banks and cryptocurrency…
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Russia’s Central Bank Warns State Is Undermining Investor Rights
For the first time since Moscow began its large-scale nationalisation drive, Russia’s central bank has publicly pushed back against how the government…