Crypto

The Monetary Authority of Singapore (MAS), the city-state’s de-facto central bank, announced its revised regulatory framework for stablecoins, aimed to “ensure a high degree of value stability for stablecoins regulated in Singapore.”Released Tuesday, the new rules will apply to any single-currency stablecoins (SCS) pegged to the Singapore dollar or any…

The Chinese city of Tianjin says residents and businesses transacted a cumulative total of over $1.76bn worth of CBDC since it joined the digital yuan pilot in 2022.Per Jinyun News, via Enorth, city officials claimed that some 302,000 merchants had processed the aforementioned amount in 14.97 million transactions.The city, a…

The Reserve Bank of Zimbabwe (RBZ) has announced its advanced plans to launch Gold-Backed Digital Token (GBDT) for retail purposes following its successful reception among investors, a success the Bank hailed as “commendable” in a recent report.During the presentation of the Mid-Term Monetary Policy Statement (MPS) on Wednesday, August 9,…

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.Not every crypto gem has a high price tag in the constantly expanding world of cryptocurrency. For investors looking for potential development without an enormous initial investment, affordable altcoins provide exciting options. Therefore, in this article, we…

Bitcoin exchange-traded fund (ETF) hopefuls have faced a setback as the US Securities and Exchange Commission (SEC) decided to delay their ruling on Ark Invest’s spot Bitcoin ETF application.Next up now is the Bitwise Bitcoin ETP Trust’s, which the SEC will need to decide on whether to approve, reject or…

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