Australia: ‘Big 4’ bank NAB develops stablecoin
National Australian Bank, the third largest bank in Australia, has been testing the AUDN stablecoin and is targeting carbon credits payments and overseas transfers.
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Nigeria to explore ICOs and stablecoins to broaden payments landscape
Nigeria published a new policy document, pledging to rethink its ICO stance to attract FDI as well as a blockchain-based CBDC amid slow eNaira uptake.
Hong Kong lawmaker wants to convert its planned CBDC to stablecoin
The wider virtual currency ecosystem could gain from converting the planned CBDC to a stablecoin, according to Wu Jeizhuang, member of Hong Kong’s Legislative Council.
UK’s new tax break on digital assets seeks to attract foreign investors
The Rishi Sunak government will implement a tax exemption for foreign investors who purchase digital assets through local investment brokers and managers.
Unravelling the Moonstone Bank stablecoin gambit
A few weeks before the collapse of FTX, Moonstone Bank partnered with fintech company Fluent Finance on a stablecoin venture to "accelerate crypto adoption by issuing US+ stablecoin."
Japan moving away from stablecoin restrictions in the new year
Japan is dead set on lifting the ban on stablecoins, with authorities gathering feedback on easing restrictions, opening a pathway for seamless stablecoin trading.
What does Senator Pat Toomey’s stablecoin bill mean for the digital currency industry?
Senator Pat Toomey’s Stablecoin TRUST Act of 2022 bill and any laws based on it would reward issuers that play by the rules and push the likes of Tether out of the U.S. market.
Bank of Canada pushes for firmer stablecoin regulation
The global stablecoin market capitalization currently stands at an impressive 161 billion, and the researchers from the Bank of Canada pointed out the potential pitfalls.
CoinSurvey: BSV ecosystem optimistic—Asia is thriving, Europe needs work
CoinSurvey recently revealed some key insights into the BSV ecosystem, including what type of ecosystem participant is most likely to be optimistic and satisfied, what regions are thriving, and more.
The economic gamble of digital dollarization
So-called stablecoin Tether continues to spread its pervasive influence over a digital asset industry that is being increasingly embraced with wide arms and closed eyes across large parts of Latin America.
Bitcoin vs. USDC: The first showdown?
Recently, BSV-driven wallet provider HandCash has been working on implementing USDC into their app, where users can send and receive USDC in the same way as with BSV.
South Korea central bank pushes for stablecoin regulation
Bank of Korea stated that stablecoins pegged to foreign currencies have to comply with the foreign exchange laws of South Korea, while those pegged to the Korean won are automatically under their purview.