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Policy
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BRICS: Russia & China Speed Up Payment Infrastructure for Currency Settlements
China and Russia are speeding up their “cutting-edge” payment infrastructure technology to settle international trade with the new…
EU Banks May Benefit from Enhanced Access to Stablecoins, Leaked Plans Indicate
The European Commission (EU) aims to simplify the process for commercial banks to hold stablecoins and tokenized assets.…
Crypto: Japan to Enforce Stricter AML Measures From June 1
Regulators from around the world have been working on crypto-specific regulations. Earlier today, the International Organization of Securities…
White House Says 8 Million Jobs Will Be Lost if US Defaults on its Debt
According to a recent analysis report by White House economists, a further breach of the nation’s borrowing limit…
President Biden Says He Won’t Agree to a Debt Deal Protecting Crypto Traders
President Biden recently spoke about crypto during his speech at the G7 summit about budget negotiations. He stated…
Ahead of Joining BRICS, Iraq Issues Ban on U.S. Dollar Transactions
The Interior Ministry of Iraq issued a ban on U.S. dollar transactions across the country. Iraq is one…
Crypto Trading Should Be Regulated Like Gambling: UK Lawmakers
In a recently published report, the Treasury Select Committee “strongly recommended” retail crypto trading to be treated akin…
European Union Passes Law Requiring Identification for All Crypto Transactions
The European Union’s Markets in Crypto Assets (MiCA) regulation has received final approval from the council. The landmark…
China’s Yuan Sees Record Use in Global Central Banks Swap Lines
A record amount of China’s Yuan was drawn from foreign exchange swap lines by central banks worldwide in…
Can U.S. Government Freeze Bank Accounts Through FedNow? Feds Respond
The Federal Reserve is set to launch the payment service ‘FedNow’ in July ushering in a new era…