UK lawmakers underline key stability and privacy risks of CBDCs
A report by the House of Lords’ Economic Affairs Committee has warned how a digital pound could harm financial stability, raise credit costs and erode privacy.
HKMA proposes bank-like regulations on stablecoins
The Hong Kong Monetary Authority (HKMA) has called for the regulation of fiat-currency backed stablecoins similar to that of banks.
Why PayPal may be next to enter the stablecoin market
PayPal has confirmed it is looking into developing PayPal Coin, a dollar-backed stablecoin as it looks to expand its footprint in the cryptocurrency space.
RBI launches Fintech department to deal with Crypto, CBDC challenges
The Reserve Bank of India (RBI) has created a new Fintech department to deal with key challenges in the burgeoning sector.
Cryptocurrency-based crime reached a new high in 2021
A report by Chainalysis has found illicit addresses received $14bn in deposits during 2021, which was almost twice the amount they collected in 2020.
MoneyGram takes stake in bitcoin ATM Coinme
Coinme, a US-based cryptocurrency cash exchange service, has received a strategic minority investment from MoneyGram International.
SaaS blockchain platform Cion Digital bags $12m seed
Cion Digital, the first SaaS blockchain orchestration platform, has closed a $12m seed funding round led by Green Visor Capital and 645 Ventures.
Australia’s CFR backs cryptoasset regulation framework
Australia’s Council of Financial Regulators (CFR) has revealed its support for a government plan to create a new regulatory framework for cryptoassets.
NYDIG lands $1bn in bid to expand bitcoin adoption
Bitcoin company NYDIG, which describes itself as a gateway to a new era of financial products, has secured $1bn in funding that will value...
Japan to place new restrictions on stablecoin issuance
Japan’s Financial Services Agency (FSA) has revealed it is proposing new restrictions that would only enable banks and wire transfer services to issue stablecoins.
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