In a move to address the growing influence of cryptocurrencies in the traditional financial sector, EU lawmakers have reached a consensus on the implementation of capital requirements for banks that hold crypto assets. Quick facts: The decision comes as part of a transitional prudential regime aimed at ensuring the stability of the financial system while … Read more
Binance, a major force in the cryptocurrency exchange space, is now facing a significant decline in market share due to a series of regulatory hurdles. Quick facts: The world’s largest crypto exchange has been grappling with various legal challenges and regulatory actions, resulting in a substantial erosion of its market dominance. According to Bloomberg, Binance’s … Read more
Mitsubishi UFJ Financial Group Inc., the leading Japanese bank, is actively engaged in negotiations with global stablecoin issuers to facilitate the issuance of their tokens through its own blockchain platform. Quick facts: As of June 1, Japan’s stablecoin law has come into effect, permitting licensed banks, registered money transfer agents, and trust companies in the … Read more
Tether Operations Limited (Tether), the company behind the world’s largest stablecoin, USDT, has announced its plan to launch USDT tokens on the Kava blockchain. This move represents an expansion of Tether’s USDT offering, aiming to provide users within the Kava network with access to a trusted and widely adopted stablecoin. Quick facts: As per the … Read more