Africa
Uganda Pilots Digital Currency as Kenya Moves Forward with Crypto Regulation
Uganda has officially launched a pilot for its central bank digital currency (CBDC), coinciding with Kenya's advancement in crypto regulation.
Banking
Bank of England's Temporary Restrictions on Stablecoins Explained
The Bank of England has announced that its proposed limitations on stablecoin holdings and transaction sizes are intended as a temporary measure to stabilize the financial system.
Finance
Singapore Concludes $2.2 Billion Money Laundering Case with Fines
The Monetary Authority of Singapore imposes fines on banks after a significant money laundering investigation linked to luxury assets and cryptocurrencies.
Crypto
Taiwan Leverages AI to Combat Crypto Crime
Taiwan is enhancing its approach to cryptocurrency crime by collaborating with the Central Police University to utilize AI technology for tracking illegal activities in the crypto space.
Crypto
U.S. House Committee Moves Forward with Stablecoin Legislation Amid Concerns About Trump's Involvement
The House Financial Services Committee has advanced a stablecoin bill, despite Democratic warnings regarding President Trump's influence in the crypto market.
Finance
Financial Stability Council Raises Alarm Over Stablecoin Risks
The 2024 annual report from the Financial Stability Oversight Council reiterates concerns regarding stablecoins and their implications for financial stability.
Crypto
The Rise of Tokenized Money Market Funds and Their Impact on Stablecoins
Regulatory uncertainties have allowed tokenized money market funds to overshadow yield-bearing stablecoins, according to Aaron Kaplan, co-CEO of Prometheum.
