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In: Banks, JPMorgan, Stablecoins

J.P. Morgan is launching JPM Coin (JPMD), a deposit token for institutional shoppers representing US greenback deposits on the financial institution. JPM Coin runs on the Base layer-2 community, providing 24/7, near-real-time settlement and unlocking liquidity. In contrast to stablecoins, JPM Coin represents current financial institution deposits and is interest-bearingContinue Reading

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In: Banks, Italy

Italian banks help the digital euro for “digital sovereignty” however warn the prices are too excessive and must be unfold over time. The Italian Banking Affiliation suggests a “twin” mannequin: an ECB digital euro alongside faster-developing industrial financial institution digital currencies. The ECB’s mission goals for a possible 2029 go-liveContinue Reading

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In: Banks, Blockchain, Stablecoins

The Financial institution of Korea (BOK) urged banks to guide the issuance of Gained-pegged stablecoins, favouring a banking-led mannequin to mitigate threat. Visa is increasing its assist to just accept and settle with a number of stablecoins throughout 4 completely different blockchains, citing quadrupled stablecoin-linked card spending in This autumn.Continue Reading

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In: Banks, XRP

India’s Madras Excessive Court docket ordered WazirX operator Zanmai Labs to supply an US$11,800 (AU$17,995) financial institution assure in an XRP dispute following a 2024 hack. The court docket recognised cryptocurrency as property and acknowledged person claims beneath belief, reinforcing its authorized standing in India. WazirX’s relaunch, beneath a Singapore-approvedContinue Reading

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In: Banks, Bitcoin, Japan

Japan’s Monetary Providers Company plans to assessment 2020 guidelines that forestall banks from holding cryptocurrencies like Bitcoin. The reforms would introduce capital and risk-management requirements and doubtlessly enable banks to run licensed crypto exchanges. With crypto adoption and account numbers surging, Japan is shifting towards absolutely integrating digital belongings intoContinue Reading

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In: Banks, Hong Kong, Stablecoins

Ant Group and JD.com must stop issuing stablecoins in Hong Kong following instructions from the Chinese government. Chinese officials view privately run stablecoins as a risk to the e-CNY, its central bank digital currency, which has struggled with broad adoption. Officials are concerned that stablecoin “over-issuance” without full reserve backingContinue Reading

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In: ATMs, Banks, Scams

FinCEN has alerted banks about the increasing criminal use of cryptocurrency ATMs (CVC kiosks) in scams and drug trafficking. Scammers trick victims into converting money into crypto via kiosks, exploiting transaction anonymity and speed. Regulatory non-compliance by kiosk operators leaves gaps that transnational crime networks are exploiting. The US Treasury’sContinue Reading

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In: Banks, Payments, Ripple

YouTuber Andrei Jikh challenged XRP’s viability, questioning why Ripple’s claimed 300+ bank partnerships haven’t produced significant on-chain transaction volume over 13 years. Jikh raised concerns about XRP’s volatility making it impractical as a bridge asset, especially when stablecoins are increasingly preferred for cross-border transfers. Ripple CTO David Schwartz responded byContinue Reading