The expanding market for tokenized U.S. Treasuries has seen a shift in leadership, with circle now overseeing the largest pool of on-chain Treasury exposure. Data from RWA.xyz show that its USYC token has grown rapidly in recent months, altering the…
2 Firms Tied To $800M Crypto Laundering For North Korea
U.S. authorities are tightening their focus on crypto laundering as a key source of funding for North Korea’s weapons programs. The Treasury Department has announced sanctions on individuals and entities accused of helping the Democratic People’s Republic of Korea (DPRK)…
Why is the UK central bank changing stablecoin rules now?
The UK central bank is reworking its approach to stablecoins, moving toward a more permissive framework while still pressing industry participants for clearer input on how to manage risks. The Bank of England (BOE) has spent the past year consulting…
Revolut Retains Crypto and Trading Services Outside UK Bank
Revolut has secured a full U.K. banking license, marking a significant shift in how the London-based fintech operates and how its customers’ deposits are protected. The move comes almost two years after the firm entered the U.K. banking regime with…
How will banks react to the FDIC chief stance on stablecoins?
The fdic chief has clarified that users of U.S. dollar-pegged stablecoins will not receive federal deposit insurance protection under the new U.S. law governing these tokens. Speaking as markets and banking regulators move to implement the Guiding and Establishing National…
Thailand crypto platforms freeze 10000 suspected mule accounts
Thailand crypto platforms have intensified efforts to curb money laundering and fraud, freezing tens of thousands of accounts suspected of being used as “mule accounts.” The latest freezes come as authorities and industry groups roll out stricter checks on digital…
Is CFTC chair pushing new rules for DeFi and event markets?
CFTC chair Mike Selig has outlined an expanded regulatory agenda for U.S. crypto markets, signaling a more assertive role for the derivatives watchdog in areas ranging from decentralized finance (DeFi) to prediction markets and artificial intelligence. Calling the United States…
Aon tests stablecoin payments for global insurance costs
Aon has completed a trial using stablecoins to settle insurance premium payments, signaling an early shift in how large corporate transactions might be processed. The London-headquartered insurance broker, which advises on $5 trillion in assets, tested blockchain-based payments in a…
Did Crypto Bank Amina join the EU market as first bank?
Crypto bank Amina has joined EU-regulated trading venue 21X as a listing sponsor, positioning itself inside the European Union’s regulatory sandbox for blockchain-based securities. The Zug-based institution, supervised in Switzerland, is now the first fully regulated bank to participate on…
Florida Senate stablecoin bill heads to DeSantis for approval
The florida senate has approved a comprehensive framework for regulating payment stablecoins, marking a significant step in the state’s approach to digital assets. Senate Bill 314 (SB 314) cleared the upper chamber without opposition and has also passed the House,…