A group of U.S. Senators has proposed legislation aimed at sanctioning foreign entities that facilitate financial transactions, including digital asset transactions, with Foreign Terrorist Organizations (FTOs) designated by the U.S. The bill, titled the Terrorism Financing Prevention Act, seeks to expand the Treasury Department’s resources and authority to counteract emerging threats from digital assets and […]
In 2023, Kazakhstan’s Financial Monitoring Agency (FMA) took action against illegal cryptocurrency exchanges operating in the country. The FMA blocked access to nearly a thousand platforms that were serving citizens without proper registration. This move was in accordance with the Digital Assets Law, which prohibits the creation and trading of digital currencies without a national […]
In 2023, Kazakhstan’s Financial Monitoring Agency (FMA) took action against illegal cryptocurrency exchanges operating in the country. The FMA blocked access to nearly a thousand platforms that were serving citizens without proper registration. This move was in accordance with the Digital Assets Law, which prohibits the creation and trading of digital currencies without a national […]
Taiwan’s central bank has completed a feasibility study on wholesale central bank digital currency (CBDC) and is considering its introduction. Deputy Governor Mei-lie Chu stated that the central bank is seeking feedback from businesses and academics and will continue to work on platform design.In a speech at a banking event, Chu discussed “Banking 4.0,” which […]
Taiwan’s central bank has completed a feasibility study on wholesale central bank digital currency (CBDC) and is considering its introduction. Deputy Governor Mei-lie Chu stated that the central bank is seeking feedback from businesses and academics and will continue to work on platform design.In a speech at a banking event, Chu discussed “Banking 4.0,” which […]
The Ministry of Finance in Palau has declared the first phase of the Palau Stablecoin (PSC) Program a success. The program, which aimed to introduce a national stablecoin pegged to the US dollar, involved the participation of Ripple and the use of the XRP Ledger central bank digital currency (CBDC) platform.During the three-month project, 168 […]
The Ministry of Finance in Palau has declared the first phase of the Palau Stablecoin (PSC) Program a success. The program, which aimed to introduce a national stablecoin pegged to the US dollar, involved the participation of Ripple and the use of the XRP Ledger central bank digital currency (CBDC) platform.During the three-month project, 168 […]
Russia has launched a new payments platform called Exved, which aims to facilitate cross-border payments and foreign trade activities for domestic companies. The platform allows Russian entities to conduct international transactions more affordably using stablecoins like Tether, foreign currencies, and offshore rubles. Exved serves as a digital counterparty search system, eliminating the need for middlemen […]
Russia has launched a new payments platform called Exved, which aims to facilitate cross-border payments and foreign trade activities for domestic companies. The platform allows Russian entities to conduct international transactions more affordably using stablecoins like Tether, foreign currencies, and offshore rubles. Exved serves as a digital counterparty search system, eliminating the need for middlemen […]
A US district judge has approved the plea deals between Binance, former CEO Changpeng ‘CZ’ Zhao, and the Department of Justice (DOJ). The settlement, reached on November 21, 2023, concludes the investigations into Binance’s failure to register as a money services business and violations of the Bank Secrecy Act (BSA). As part of the settlement, […]
