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India is hoping to begin meaningful conversations on crypto regulations at the G20 summit
Indian Prime Minister Narendra Modi has called for global collaboration on formulating crypto regulations during the annual Group of 20 (G20) summit. As president of the G20, India has taken up the task of advocating for a comprehensive global framework for regulating cryptocurrencies. The G20 comprises 19 countries and the European Union, representing the world’s…
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Islamic Coin partners with Republic Crypto
Marking a new chapter in Shariah-compliant digital currency, Islamic Coin has partnered strategically with the esteemed Republic Crypto, a renowned web3 advisory division of the global digital finance trailblazer, Republic. At the crux of this collaboration is a mutual commitment to refining Islamic Coin’s market approach and ensuring its successful implementation. Moreover, the partnership’s scope includes specialized…
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How stablecoins can help small and medium enterprises
Small businesses in developing countries face many financial challenges that stablecoins can address. DLTPAY, a Web3 payment and DeFi platform, offers a unified solution to access stablecoin operations and other Web3 services. Small and medium enterprises (SMEs) serve as the backbone of global economic development, comprising 90% of all businesses and accounting for 50% of…
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PayPal announces the launch of its own stablecoin
Global payments giant PayPal (PYPL) is entering the cryptocurrency market with its own U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), the company announced on Monday. The Ethereum-based token will soon be available to PayPal users in the U.S. This is the first time a major financial company is issuing its own stablecoin. Users can transfer PYUSD between PayPal…
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OpenAI’s CEO Sam Altman launches a crypto project, Worldcoin
Worldcoin, the ambitious cryptocurrency and digital ID project spearheaded by OpenAI chief Sam Altman, launched on Monday after years in development, promising to verify users’ identity by scanning their eyes and potentially solving one of the more pressing problems posed by recent advances in artificial intelligence that have made it harder to tell whether something…
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Indonesia introduces a new crypto exchange
When nations like Kuwait are imposing blanket bans on crypto, the Indonesian government has introduced a new national crypto exchange to enhance transparency and foster investor protection. Operated by PT Bursa Komoditi Nusantara (BKNI), a subsidiary of the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti), the platform will offer a variety of cryptocurrencies such as Bitcoin, Ethereum,…
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SocGen receives a license for crypto services in France
French bank Societe Generale (SOGN.PA) has become the first company in France to obtain a license for crypto services, as a growing number of mainstream financial companies embrace crypto globally this year. Societe Generale’s crypto unit, Forge, is licensed as of Tuesday to offer services, including crypto custody, trading and sales, according to the website of France’s…
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Binance faces further regulations from authorities across the globe
Australian officials directly sought out current and former employees of Binance’s operation there this week, demanding copies of internal communications and data from their personal devices, according to a person familiar with the government’s move against the leading crypto exchange, which marked the latest in a pile-up of legal troubles facing the company. The representatives…
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Crypto mass adoption is coming, but how fast?
Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets. As with other technologies, the adoption of crypto follows a classic bell curve: Starting from a small number of innovators, it grows as early adopters embrace it, moving into mass adoption as it expands to…
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South Korea introduces a cryptocurrency bill to protect investors
The South Korean National Assembly passed the Virtual Asset User Protection Act on June 30 during a plenary session, local media SBSÂ reported. The legislation combines 19 different crypto-related bills that aim to establish a regulatory framework for the industry and define digital assets that are securities. However, it primarily focuses on investor protection amid a…
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