South Africa’s Intergovernmental Fintech Working Group will conduct analytical research on the use cases of stablecoins and will pay attention to the consideration of appropriate policy measures and regulation of the digital currency during 2024.
The Governor of the Reserve Bank of New Zealand, Adrian Orr, expressed concern about digital currencies, calling them oxymorons and the biggest misnomers.
PayPal has invested in Mesh, a crypto-friendly embedded finance solution, almost completely funding the investment with PayPal USD (PYUSD) – Ethereum-based stablecoin.
The Central Bank of Nigeria (CBN) approves the Africa Stablecoin Consortium (ASC) to pilot cNGN (a stablecoin pegged to the value of Nigerian Naira) in its innovative Regulatory Sandbox.
In Hong Kong, local financial authorities have proposed to develop and implement new regulatory rules for issuers of stablecoins, which can be described as a reaction to ongoing changes in the sphere of virtual assets.
Yellow Card fintech has launched PayPalUSD paving new ways for digital financial transactions between Africa and the United States.
Bitcoin remains the most dominant cryptocurrency in Sub-Saharan Africa, while rising inflation makes Turkey the fourth country worldwide in raw crypto transaction volume rating.
South-East Asian super-app Grab has enhanced its services with a Web3 offering supported by the USDC issuer Circle
The heads of the G20 countries called for measures to be taken and intensive work to implement global rules in the area of cryptocurrencies as soon as possible.
Last week, the central bank of Colombia released a report suggesting that limiting CBDC with a high degree of probability may be the right strategy for a financial institution.
To be eligible for the new Cryptocurrencies Hub, a PayPal user must have “a personal PayPal account and a Balance Account in good standing”
The Circle Internet Financial crypto company hopes that its $1 billion cash reserve will allow it to withstand the process of competition from so-called non-crypto firms like PayPal Holdings.
Cambodia’s central bank digital currency (CBDC), Bakong, will become the foundation for an expanding international payment system for Asian countries
Hackers were able to steal over $47 million from several stable pools at Curve Finance – an exchange liquidity pool on Ethereum
The SEC may appeal the court ruling in Ripple’s case after all, as other crypto firms such as Terraform Labs wish to use the legal precedent for their benefit
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