FDIC Board Advances Proposed Bank Secrecy Act Rule for Stablecoin Issuers
The FDIC advanced a proposed rule that would set Bank Secrecy Act and sanctions compliance standards for bank-linked stablecoin issuers.…
Fenwick & West agrees to pay $54M to escape FTX customer lawsuits over collapse
Fenwick & West, a prominent Silicon Valley law firm, has entered into a $54 million preliminary settlement agreement to address…
Japan FSA Finalizes New Rules for Stablecoins, Crypto Intermediaries, and Funds Transfers
Japan’s Financial Services Agency moved to finalize a fresh round of rules under the Funds Settlement Act, clearing the way…
Third fuel price hike in 10 days; petrol up nearly Rs 5/L
Petrol and Diesel Rates Surge by ₹5 per Litre in 10 Days as OMCs Pass on Global Crude Pressures Petrol…
Govt intensifies efforts for import substitution
Government to Publish Import Data to Fuel ₹1 Trillion Domestic Manufacturing Push In an effort to attract investments, the government…
Former Ethereum Foundation Developer Calls for $1B Ethereum Advocacy Initiative
The former developer Dankrad Feist proposed creating an independent entity funded with a minimum of $1 billion. The Ethereum Foundation…
Tokenization platform Securitize plans SPAC merger to go public and scale tokenization
Asset tokenization platform Securitize is moving ahead with a SPAC merger on Nasdaq, aiming to accelerate its expansion beyond stablecoins…
Hark hits $6B valuation as Parkway Venture Capital leads $700M with NVIDIA, AMD
Hark’s founder Brett Adcock, who also founded Figure AI, earlier today announced that the firm had completed a Parkway Venture…
Tokenized stocks risk liquidity and revenue fragmentation: Research
The US Securities and Exchange Commission’s move to allow third parties to list tokenized stocks could risk two structural disruptions…
Jia Raises $3M to Bring On-Chain SME Lending to Southeast Asia
Jia, a financial platform targeting small and medium-sized enterprises (SMEs) in Southeast Asia, has secured $3 million in a seed…