Stablecoins

Florida’s Matt Gaetz introduces bill to allow payment of income tax by Bitcoin
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28 June, 2024

Florida’s Matt Gaetz introduces bill to allow payment of income tax by Bitcoin

The bill seeks to allow the payment of certain federal income taxes with Bitcoin and require the U.S. Secretary of...
Italy to increase oversight of digital asset market
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25 June, 2024

Italy to increase oversight of digital asset market

The policy, moving Italy further towards the standards laid out by MiCA, also designates Italy's central bank and market watchdog,...
National Australia Bank kills off stablecoin project
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25 June, 2024

National Australia Bank kills off stablecoin project

NAB started work on the AUDN stablecoin in 2022 and thought clients would use it to settle cross-border transactions, but...
FSB Plenary praises progress on addressing financial stability risks relating to digital assets
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20 June, 2024

FSB Plenary praises progress on addressing financial stability risks relating to digital assets

The Financial Stability Board Plenary meeting discussed the general outlook for global financial stability and the progress made in implementing...
UAE central bank approves dirham-backed stablecoins
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11 June, 2024

UAE central bank approves dirham-backed stablecoins

Aware of its potential to destabilize the financial ecosystem, the Central Bank of the United Arab Emirates is taking a...
PayPal Digital secures NYDFS trust charter
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4 June, 2024

PayPal Digital secures NYDFS trust charter

As a cautious approach, U.S. authorities mandate PayPal to prove USD deposits or similar cash equivalents back its PYUSD despite...