Bookmarking Crypto Insights
Auto Added by WPeMatico
Italian Economy Minister Giancarlo Giorgetti warns that dollar-based stablecoins pose a greater threat to the euro’s standing than trade disputes. Bolstering the Euro’s Prominence The European Union (EU) must urgently address the growing appeal of dollar-based stablecoins among its citizens, as they pose a greater threat to the euro’s standing than ongoing trade disputes, Italian … Read more
On Monday, Barron’s reported that Anchorage Digital, the cryptocurrency-focused financial institution, has allegedly drawn scrutiny from a specialized division within the U.S. Department of Homeland Security. Report Claims Anchorage Digital Faces DHS Probe The El Dorado Task Force (EDTF), a financial crimes unit targeting illicit monetary flows, is said to be scrutinizing the bank. Barron’s … Read more
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has identified eight digital asset wallets used by the Houthis to transfer funds associated with their activities. OFAC also designated several individuals and entities as part of a network of Houthi financial facilitators and procurement operatives. Allegedly backed by Iran’s Islamic Revolutionary Guard … Read more
The Central Bank of the UAE (CBUAE) has unveiled the official symbol for the Digital Dirham, set to launch in retail markets by late 2025. Digital Dirham to Enable Tokenization The Central Bank of the UAE (CBUAE) has announced significant progress in its Digital Dirham initiative, unveiling the official symbol for the nation’s digital currency. … Read more
The Digital Dollar Project, which focuses on investigation leading to the future-proofing of the dollar, states that while the U.S. currency is still peerless, it is moving on the wheels of technology quickly approaching obsolescence. Digital Dollar Project States U.S. Currency Must Modernize to Preserve Its Status The Digital Dollar Project, a non-neutral, non-profit forum … Read more
South Korea’s CBDC pilot will involve seven major banks issuing deposit tokens, enabling 100,000 participants to make digital payments at top retailers like 7-Eleven, Hyundai Home Shopping, and Kyobo Bookstore. South Korea’s CBDC Pilot to Test Deposit Tokens in Real-World Transactions South Korea’s central bank, the Bank of Korea (BOK), is gearing up to launch … Read more
Rwanda has taken a significant step towards regulating digital asset transactions by unveiling a draft law governing virtual assets. Addressing FATF Concerns Rwandan regulators recently unveiled a draft law regulating virtual assets in the African country. The release of the draft, which identifies the Capital Markets Authority (CMA) as the regulatory authority overseeing the virtual … Read more
China Asset Management has launched the first retail tokenized fund in the Asia Pacifi (APAC) region. Broadening Investor Base The Hong Kong investment firm China Asset Management recently launched a tokenized fund known as the China AMC HKD Digital Money Market Fund. The fund, which primarily invests in Hong Kong dollar (HKD)-denominated short-term deposits and … Read more
Martins Benkitis, co-founder and CEO of market maker Gravity Team, believes that any digital asset stockpile, as suggested by an executive order from U.S. President Donald Trump, should start with Bitcoin as its foundation. Altcoins in U.S. Digital Asset Stockpile Carry Risks While an executive order signed by U.S. President Donald Trump is somewhat vague … Read more
Crypto exchange, Gate.io has signed a multi-year partnership with Oracle Red Bull Racing, with the collaboration aiming to accelerate crypto adoption. Gate.io Partners with Red Bull Racing for Increased Crypto Visibility in Formula 1 Gate.io, a global crypto exchange has announced an exclusive partnership with Oracle Red Bull Racing, the eight-time championship-winning Formula 1 team. … Read more
