Stablecoin Default Guarantees Pose Risks to the Issuing Banks, Swiss Regulator Says
FINMA’s guidance explains how banks can limit the risks associated with guaranteeing stablecoin customers’ deposits.
Policy
Crypto Use in Terror Financing Rises, but Is Still Relatively Small: Singapore
Singapore’s government noted an increasing use of cryptocurrencies in terror financing, even though it acknowledges that cash and other informal value transfer systems remain the predominant means for financial transactions.
U.S. Presidential Candidate RFK Jr. Says He’s ‘Fully Committed’ to Bitcoin
The presidential candidate said he has most of his wealth in the digital asset.
Jersey City to Invest in Bitcoin ETFs, the Latest Pension to Dive Into Crypto
The municipal pension plan of Jersey City, New Jersey, will soon invest in bitcoin via exchange-traded funds, according to a Thursday social media post from Mayor Steven Fulop.
Russian-Speaking Groups Responsible for Majority of Crypto Ransomware Attacks in 2023: TRM Labs
Inflows to Russia-based crypto exchange Garantex accounted for 82% of the crypto volumes that belonged to sanctioned entities internationally, the report added.
Indian City of Raipur Puts Real Estate Records on Blockchain With AirChains
Raipur, the capital city of the Indian state of Chhattisgarh, has started bringing building records on blockchain with the help of AirChains, an India based Zero-Knowledge (ZK) roll up.
India Has Seen 92 Drug Trafficking Cases in Four Years Involving Dark Net and Crypto
India has seen as many as 92 cases since 2020 till April 2024 involving dark net and cryptocurrencies to purchase drugs, the nation’s junior Home Minister Nityanand Rai said to parliament on Wednesday.
India to Release Its Crypto Policy Stance by September After Stakeholder Consultations: Report
India plans to put out a discussion paper outlining its policy stance on cryptocurrencies before September, according to Indian news outlet Moneycontrol citing an interview with Senior Finance Ministry Official Ajay Seth.
Hex Trust Receives In-Principle Approval from Singapore’s MAS For Major Payment Institution License
The Major Payment Institution license would allow for the company to offer regulated Digital Payment Token services, such as custody.
Coinbase Narrows Demand for SEC Chair Gensler’s Crypto Messages
Coinbase Inc. (COIN) is going after internal chatter at the U.S. Securities and Exchange Commission (SEC) that may shed light on its pursuit of cryptocurrency exchanges as illegal enterprises – including Chair Gary Gensler’s own communications – but the scope of its latest request filed on Tuesday has been dialed back after resistance from a federal judge.