UK regulators, including HM Treasury and the FCA, are advocating for tokenization and new digital money forms to be central to the country's future retail payment infrastructure, aiming for a "diverse multi-money ecosystem" and publishing a crypto regulatory framework with a licensing window opening in September.
A federal filing reveals Donald Trump's crypto businesses generated over $1 billion last year, significantly boosting his income. This includes $500M from World Liberty Financial and $600M from CIC Digital LLC, alongside profits from real estate and legal settlements.
Rio de Janeiro police discovered a crypto mining operation with 30 computers powered by stolen electricity, potentially used by the Comando Vermelho faction for money laundering or movement. This setup highlights a model where criminal organizations convert illicitly obtained resources into digital assets.
The Bank of England is increasing its focus on digital money, with Deputy Governor Sarah Breeden highlighting tokenization as a way to reduce costs and increase competition. The central bank is working on a framework to support innovation while maintaining financial stability and is proposing to extend settlement infrastructure operating hours.
The most revealing fact about Hong Kong’s stablecoin launch is not that licences were issued. It is who got them, and who did not. By handing the first approvals to HSBC and the Standard Chartered-led joint venture Anchorpoint Financial, regulators made clear from the start that digital money in Hong Kong will be bank-led. That choice matters because Hong Kong is not trying to become Asia’s easiest venue for cryptocurrency experimentation. Rather, it is trying to become the most credible place...
Argentinian President Javier Milei's approval ratings have hit a new low following allegations of a $5 million financial agreement linked to his endorsement of the $Libra crypto token. The scandal has damaged crypto's reputation in Argentina and slowed regulatory integration.
