More money keeps leaving South Korea’s crypto ecosystem than coming back in, and the latest numbers show no sign of that changing anytime soon. According to Financial Supervisory Service(FSS) data obtained by lawmaker Lee Jong-wook and local news media report,…
The European Union is preparing to overhaul its Markets in Crypto-Assets Regulation (MiCA) just weeks after the framework became fully binding, with officials looking to close gaps around foreign stablecoin issuers and catch up with technologies that didn’t exist when…
After months of consultation and industry lobbying, Britain’s financial watchdog has locked in its rulebook for cryptoassets, with the regime taking effect on October 25, 2027. The shift primarily centers on capital requirements for stablecoin issuers. Following pushback from the…
In a major development, payments giant Visa is collaborating with stablecoin infrastructure firm Brale to run a proof of concept for institutional payment settlement using SBC, a U.S. dollar-backed stablecoin, on the Canton Network, with privacy controls as the central…
In the fast-paced world of decentralised finance (DeFi), where innovation often comes wrapped in layers of complexity, Lulo stands out with its straightforward tagline: “The Modern Way to Grow your Wealth.” This mobile-first savings app, built on the efficient Solana…
In simple layman’s terms, stablecoins are crypto assets pegged to the U.S. dollar. This is done to ensure price stabilization in the crypto market. However, recent events due to UST and USDD crashes have created a new fear, and the…
Key Takeaways In a major development, New Zealand’s crypto regulation got a notable update this week after the country’s Financial Markets Authority(FMA) cleared a homegrown stablecoin from being classified as a financial product, a distinction that could shape how digital…
Key Takeaways South Korean payments giant BC Card has moved a step closer to integrating stablecoins into everyday commerce, completing a pilot that allowed overseas visitors to pay Korean merchants using digital assets. The trial, announced on Tuesday, involved blockchain…
Key Takeaways In a major development, UK Finance, a leading trade association has launched a joint pilot project for tokenized sterling deposits (GBTD). The project, announced on Friday, is the first large-scale industry attempt to explore how blockchain-based representations of…
Key Takeaways Hong Kong’s ambition to build a regulated stablecoin hub is now facing major headwinds. The Hong Kong Monetary Authority (HKMA) has circulated draft rules for consultation that would lower capital requirements for banks dealing with crypto, but mainland-linked…
