The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval.
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Category: Ethereum News
US House Financial Services subcommittee looks for answers on crypto and crime
Reports on crypto funding terrorism and blockchain forensics were confusing, but everyone agreed on the need for collaboration and regulation.
Commerzbank granted crypto custody license in Germany
The German bank Commerzbank is the first full-service bank in the country to receive a crypto custody license from local regulators.
IMF head: CBDCs can replace cash, help financial inclusion
International Monetary Fund managing director Kristalina Georgieva urged the public sector to “keep preparing to deploy” central bank digital currencies.
Crypto custodian Hex Trust receives Dubai VASP license
Institutional cryptocurrency custodian Hex Trust adds Dubai to its list of operational jurisdictions in addition to Hong Kong, Singapore, Vietnam, Italy and France.
Swan Bitcoin to terminate customer accounts that use crypto-mixing services
Swan co-founder Yan Pritzker said the firm is pro-privacy and doesn’t oppose customers’ use of such services, but to work, it has to follow FinCEN […]
XRP spike on hoax filing a ‘bad look’ but won’t sway SEC’s ETF approvals
Bloomberg ETF analyst Eric Balchunas doubts the SEC will deny ETFs after XRP’s price spiked on a faked BlackRock XRP trust filing, but it is […]
Creator of Mutant Ape ripoff NFTs pleads guilty to $3M fraud scheme
The French developer of the Mutant Ape Planet NFT collection faces up to five years in prison after pleading guilty to wire fraud charges.
Delaware authorities refer fake BlackRock XRP trust filing to state’s Justice Department
State authorities may be investigating the fake registration for a BlackRock “iShares XRP Trust” following a referral from Delaware’s Division of Corporations.
Tornado Cash users file appeal over judgment in favor of US Treasury
The six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Cash to federal appellate court.