The signing of the GENIUS Act into law established the first comprehensive regulatory framework for US-issued stablecoins. Supporters argue it will enhance trust, drive mainstream adoption and bolster the dollar’s…
In brief
The White House proposed Congress consider drafting legislation that would force U.S. residents and companies to report foreign crypto accounts on their taxes.
Not doing so could disadvantage U.S.-based crypto…
The global foreign exchange market conducts transactions worth $7.5 trillion a year, according to the Bank for International Settlements latest triennial survey. The US dollar takes the majority of the…
BRICS member China has increased its quota on foreign investments as the country is receiving an influx of funds from institutional clients. Foreign funds have been entering the Chinese stock…
The European Union’s main executive body has taken a soft approach on stablecoins, contrasting with that of the European Central Bank (ECB) and sparking industry optimism.In response to ECB concerns…
The Indian rupee edged higher against the US dollar on Wednesday after foreign banks initiated mild sell-offs in the markets. The move has helped the rupee and other leading Asian…
The Russian Central Bank has unveiled plans to allow domestic corporations to buy foreign stablecoins, but looks set to bar them from buying USDT and USD Coin (USDC).Per an official…
Ripple payments have been adopted by Unicâmbio, Portugal’s largest fintech company, to enable $150 billion worth of international transactions right now. The partnership allows cross-border crypto transfers between Europe and…
The de-dollarization agenda is advancing as China’s central bank has asked lenders to raise their share of Chinese yuan while facilitating cross-border trade. The People’s Bank of China increased the…
Key Takeaways:A Senate subcommittee has launched an investigation into the $TRUMP cryptocurrency, citing possible legal violations and ethical conflicts involving former President Donald Trump.Fight Fight Fight LLC and Trump-affiliated firms…