Philippines Central Bank Approves Trials for National Stablecoin ‘Peso’

by Александр Пирогов | May 13, 2024 | Blog News

The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has given the green light for controlled trials of a national stablecoin pegged 1:1 to the local peso. In collaboration with crypto wallet provider Coins.ph, the BSP aims to explore the potential of a...

Singapore to Introduce First Spot Crypto Exchange-Traded Funds (ETFs) in the Region

by Александр Пирогов | May 10, 2024 | Blog News

Singapore is poised to pioneer the region’s inaugural spot crypto exchange-traded funds (ETFs) in collaboration with Hong Kong’s Harvest Global Investments and Singaporean fintech firm MetaComp. This groundbreaking initiative, announced recently, marks a...

Binance Hit with $4.4 Million Fine by Canadian Regulator Amidst Compliance Concerns

by Александр Пирогов | May 10, 2024 | Blog News

Binance, the world’s largest cryptocurrency exchange, faces mounting regulatory woes as Canada’s financial regulator, FINTRAC, imposes a hefty fine of C$6 million ($4.4 million). The penalty stems from alleged violations related to anti-money laundering...

Tether Fires Back at Deutsche Bank’s Stablecoin Concerns, Defends Transparency Amid Growing Regulatory Scrutiny

by Александр Пирогов | May 10, 2024 | Blog News

Deutsche Bank Research has stirred controversy within the financial realm by scrutinizing stablecoins, particularly focusing on Tether’s USDT. The report, examining 334 historical currency pegs dating back to 1800, revealed that only 14% have maintained...

US House Introduces Bill to Temporarily Ban Cryptocurrency Mixers

by Александр Пирогов | May 9, 2024 | Blog News

A new bill introduced in the United States House of Representatives aims to impose a two-year ban on cryptocurrency mixers, known as the Blockchain Integrity Act. Led by five Democratic congresspeople, spearheaded by Sean Casten, the bill targets what they define as a...

Rwandan Central Bank Pursues Ambitious Retail CBDC Project

by Александр Пирогов | May 9, 2024 | Blog News

The National Bank of Rwanda (BNR) is forging ahead with plans for a retail Central Bank Digital Currency (CBDC), marking a significant step towards Rwanda’s goal of transitioning to a cashless economy. The BNR recently completed a feasibility study on the retail...