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China Considers Yuan-Backed Stablecoins To Boost Currency Usage: Report
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.
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"Trump Is Not Happy With India Because...": What Ex-Diplomat Said
One of the reasons behind Washington's punitive tariffs on New Delhi is that US President Donald Trump is miffed with India for ignoring his so-called role in brokering a peace deal with Pakistan following the recent military conflict.
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Swiss Luxury Faces Skyrocketing Prices As Trump's 39% Tariffs Kick In
Prices for the eponymous Swiss watches, Swiss chocolate and Swiss cheese could skyrocket in a week as a result of US President Donald Trump's trade war.
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Maharashtra Woman Duped For Rs 1 Lakh In Currency Exchange Fraud: Cops
Three unidentified persons allegedly duped a woman from Navi Mumbai of Rs 1 lakh under the pretext of providing her US currency in exchange for the Indian money, police said on Wednesday.
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Explained: What Is Tokenization And Why Is It Crypto's Next Big Thing?
Tokenization has long been a buzzword for crypto enthusiasts, who have been arguing for years that blockchain-based assets will change the underlying infrastructure of financial markets.
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Criminal Stablecoin Use Continues Growing, Task Force Says
A new report says stablecoins now account for most illicit activity on crypto ledgers. As per the new report from the Financial Action Task Force found that a wide array of illicit actors — including terrorists, drug traffickers and North Korean hackers — have stepped up their use of stablecoins since the group’s last report on digital assets...
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Probe Agency ED Conducts Raids In Multiple Cities In Money Laundering Case
The Enforcement Directorate (ED) on Wednesday conducted search operations in various cities, including Mumbai, Bengaluru, Jalandhar, Indore and Kolkata, in connection with its probe into alleged money laundering in a firm.
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Democrats Look To Block UAE Arms Sales, As Trump Announces New Deals
US congressional Democrats seek to block UAE arms sales over its alleged involvement in Sudan's civil war and concern about crypto currency ties.
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US Banks Permitted to Offer Crypto Custody and Management Services, OCC Confirms
The US Office of the Comptroller of the Currency (OCC) has clarified that all national banks and federal savings associations under its control are permitted to offer crypto services to their clients. These may include crypto-to-fiat conversions, trade executions, and tax services among others.
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Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
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US Bank Regulators Pull Back Guardrails on Bank Crypto Activities
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
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Rapper Diddy, Awaiting Trial On Sex Trafficking, Using This As Currency In Prison
Sean "Diddy" Combs, currently awaiting trial on multiple charges, including rape, sex trafficking and kidnapping, is reportedly using $1 cans of mackerel, known as "macks," as a form of currency among inmates.
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Trump Says Dollar Will "Always Be Currency Of Choice"
President Donald Trump on Friday said the US dollar is "always" going to be the "currency of choice," as investors fled what is typically considered a key haven currency amid his seesawing tariff policies.
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US SEC Says Stablecoins Aren’t Securities That Require Registration
US SEC has determined that the assets, generally, aren’t securities. The determination applies as long as a crypto asset is backed by a stable currency such as the US dollar, a commodity like gold or a pool of other assets.
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Anti-CBDC Bill Cleared by House Financial Services Committee in US: Details
Republican lawmakers, led by Tom Emmer, are pushing the "Anti-CBDC Surveillance State Act," aimed at preventing financial surveillance of US citizens through central bank digital currencies.
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China Considers Yuan-Backed Stablecoins To Boost Currency Usage: Report
China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.
-
"Trump Is Not Happy With India Because...": What Ex-Diplomat Said
One of the reasons behind Washington's punitive tariffs on New Delhi is that US President Donald Trump is miffed with India for ignoring his so-called role in brokering a peace deal with Pakistan following the recent military conflict.
-
Swiss Luxury Faces Skyrocketing Prices As Trump's 39% Tariffs Kick In
Prices for the eponymous Swiss watches, Swiss chocolate and Swiss cheese could skyrocket in a week as a result of US President Donald Trump's trade war.
-
Maharashtra Woman Duped For Rs 1 Lakh In Currency Exchange Fraud: Cops
Three unidentified persons allegedly duped a woman from Navi Mumbai of Rs 1 lakh under the pretext of providing her US currency in exchange for the Indian money, police said on Wednesday.
-
Explained: What Is Tokenization And Why Is It Crypto's Next Big Thing?
Tokenization has long been a buzzword for crypto enthusiasts, who have been arguing for years that blockchain-based assets will change the underlying infrastructure of financial markets.
-
Criminal Stablecoin Use Continues Growing, Task Force Says
A new report says stablecoins now account for most illicit activity on crypto ledgers. As per the new report from the Financial Action Task Force found that a wide array of illicit actors — including terrorists, drug traffickers and North Korean hackers — have stepped up their use of stablecoins since the group’s last report on digital assets...
-
Probe Agency ED Conducts Raids In Multiple Cities In Money Laundering Case
The Enforcement Directorate (ED) on Wednesday conducted search operations in various cities, including Mumbai, Bengaluru, Jalandhar, Indore and Kolkata, in connection with its probe into alleged money laundering in a firm.
-
Democrats Look To Block UAE Arms Sales, As Trump Announces New Deals
US congressional Democrats seek to block UAE arms sales over its alleged involvement in Sudan's civil war and concern about crypto currency ties.
-
US Banks Permitted to Offer Crypto Custody and Management Services, OCC Confirms
The US Office of the Comptroller of the Currency (OCC) has clarified that all national banks and federal savings associations under its control are permitted to offer crypto services to their clients. These may include crypto-to-fiat conversions, trade executions, and tax services among others.
-
Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
-
US Bank Regulators Pull Back Guardrails on Bank Crypto Activities
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
-
Rapper Diddy, Awaiting Trial On Sex Trafficking, Using This As Currency In Prison
Sean "Diddy" Combs, currently awaiting trial on multiple charges, including rape, sex trafficking and kidnapping, is reportedly using $1 cans of mackerel, known as "macks," as a form of currency among inmates.
-
Trump Says Dollar Will "Always Be Currency Of Choice"
President Donald Trump on Friday said the US dollar is "always" going to be the "currency of choice," as investors fled what is typically considered a key haven currency amid his seesawing tariff policies.
-
US SEC Says Stablecoins Aren’t Securities That Require Registration
US SEC has determined that the assets, generally, aren’t securities. The determination applies as long as a crypto asset is backed by a stable currency such as the US dollar, a commodity like gold or a pool of other assets.
-
Anti-CBDC Bill Cleared by House Financial Services Committee in US: Details
Republican lawmakers, led by Tom Emmer, are pushing the "Anti-CBDC Surveillance State Act," aimed at preventing financial surveillance of US citizens through central bank digital currencies.
