Startale and SBI Announce Plans for Institutional Yen Stablecoin
Blockchain firm Startale Group and financial conglomerate SBI Holdings have partnered to issue a Japanese yen stablecoin.
Blockchain firm Startale Group and financial conglomerate SBI Holdings have partnered to issue a Japanese yen stablecoin.
Inflows into crypto-linked exchange-traded products totaled US$864 million last week, making it the third consecutive week of positive flows.
The UK Treasury plans to subject crypto assets to the same regulatory treatment as traditional financial products starting in 2027.
The founder of Terraform Labs, who pleaded guilty to fraud charges, is set to appear in a New York federal court for the judgment.
The debt was issued for Galaxy Digital Holdings, marking a progressive move by a leading Wall Street institution into digital asset utilization.
The ETF, with the ticker symbol TOXR, started trading, offering investors a fresh conduit to the cryptocurrency market.
The statement indicates a recalibration of priorities regarding the potential digitization of the national currency.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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