Apple and Google Go Hunting for Crypto Talent, Hint at Stablecoin Push
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Nigeria sets new crypto licensing rules, bans algorithmic stablecoins
Nigeria has banned algorithmic stablecoins and introduced reserve requirements for issuers as it expands central bank oversight of crypto payment services.
FSB urgest Turkey to tighten crypto oversight, set stablecoin rules
The Financial Stability Board cited progress on crypto licensing and urged stronger enforcement and cooperation with foreign regulators.
Goldman, Citi and Global Banks Commit $270 Million to Challenge Crypto’s Stablecoin Giants
The funding, backing a U.S.-incorporated issuer codenamed “Project Faro,” covers five years of operations as traditional lenders move to challenge crypto-native giants Tether and Circle.
Democrats to Push Broader Crypto Market Structure Bill After Sweeping US Midterms: Report
Analysts said that the Clarity Act's path has become tougher, while advocacy group Stand With Crypto has endorsed 27 winning candidates so far.
Malaysia, Thailand join Singapore’s cross-border stablecoin push
BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.
Stablecoin supply falls $14.2B in biggest 30-day drop since June 2022
Crypto markets were left with “less fuel” to rally after the market cap of major stablecoins saw its biggest 30-day drop in over four years.