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Showing posts from June 19, 2024

Australian Bank Halts Development of ETH-Based Stablecoin

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The National Australia Bank recently abandoned its stablecoin initiative, and the development team behind the project is now involved with the Ubiquity stablecoin. The Australian bank’s decision to shelve the stablecoin project shows that startups are better positioned to innovate or adapt than established banks. NAB Team Joins Ubiquity The National Australia Bank (NAB) recently […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/o8Pd5xB

Unlicensed Crypto Business Leads to Indictments in Utah

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Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal Cryptocurrency Transactions The U.S. Department of Justice and the U.S. Attorney’s Office for the […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/o8Pd5xB

IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East

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The International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia, including Bahrain, Georgia, Saudi Arabia, and the UAE, are in the advanced “proof-of concept” stage for central bank digital currencies (CBDCs). “We support policymakers evaluating the need to issue a CBDC and help them craft strong policies and regulatory frameworks […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/o8Pd5xB