South Korea will impose “no-fault” legal responsibility on main crypto exchanges, forcing them to compensate prospects for losses from hacks and system failures. This new rule units the compensation normal for exchanges equal to that of conventional banks. Lawmakers are planning more durable sanctions, which might embrace fines as muchContinue Reading
Coinbase CEO Brian Armstrong and BlackRock CEO shared their views on crypto markets, stablecoins, tokenisation and the transformation of conventional finance at a summit held in New York this week. Armstrong revealed extra main banks are exploring digital property by pilots with the Coinbase change. Fink acknowledged he now seesContinue Reading
Taurus integrates Everstake’s staking infrastructure to supply compliant, non-custodial staking to institutional shoppers. Banks can stake Solana, NEAR, Cardano and Tezos whereas holding full asset management. Partnership strengthens Taurus’ regulated custody platform and expands institutional entry to Proof-of-Stake networks. Taurus has partnered with Everstake to embed the staking supplier’s non-custodialContinue Reading
A consortium of 10 main EU banks plans to launch a brand new MiCA-compliant, Euro-pegged steady within the second half of 2026. The stablecoin might be launched by way of a brand new Amsterdam-based entity generally known as Qivalis. The Dutch Central Financial institution and the ECB have each warnedContinue Reading
The OCC has allowed US nationwide banks to carry native crypto-assets to pay blockchain community fuel charges as a part of permissible banking operations. Banks might retain crypto for each transactional use and inside testing, enabling them to run custody platforms easily with out third-party intermediaries. Beneath the GENIUS Act,Continue Reading
The CNB has created a US$1 million (AU$1.53 million) digital-asset check portfolio, together with Bitcoin, a USD stablecoin, and a tokenised deposit, exterior its worldwide reserves. The pilot will check operational processes for blockchain belongings, together with custody, key administration, settlement, accounting, auditing, and AML compliance. Outcomes shall be sharedContinue Reading
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
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
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
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
