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Alibaba-backed Ant Group and JD.com freeze stablecoin plans after Beijing intervenes: FT

China's intervention in stablecoin projects underscores its commitment to maintaining control over digital currency innovation and financial stability. The post Alibaba-backed Ant Group and JD.com freeze stablecoin plans after Beijing…

Continue ReadingAlibaba-backed Ant Group and JD.com freeze stablecoin plans after Beijing intervenes: FT

Fed Governor: Guardrails Essential for Stablecoins to Modernize Finance

Stablecoins are surging into the financial spotlight as regulators push forward with frameworks that could unlock their full potential to revolutionize cross-border payments and reshape global finance—if executed with precision…

Continue ReadingFed Governor: Guardrails Essential for Stablecoins to Modernize Finance

Cambodia urges due process after $14B Bitcoin seizure linked to Prince Group and Chen Zhi

The situation underscores the complexities of international legal cooperation and the potential geopolitical tensions arising from financial sanctions. The post Cambodia urges due process after $14B Bitcoin seizure linked to…

Continue ReadingCambodia urges due process after $14B Bitcoin seizure linked to Prince Group and Chen Zhi

Peter Thiel-backed Erebor Bank wins preliminary green light from OCC for national charter

Erebor Bank's approval signals a shift towards integrating digital assets in traditional banking, potentially reshaping financial services innovation. The post Peter Thiel-backed Erebor Bank wins preliminary green light from OCC…

Continue ReadingPeter Thiel-backed Erebor Bank wins preliminary green light from OCC for national charter