Kwon’s Guilty Plea Marks Watershed for Crypto Enforcement
The US Justice Department has secured a major victory in its crypto crackdown as Terraform Labs’ Do Kwon agrees to plead guilty to fraud charges.
Paxos Pursues Federal Charter as Crypto Regulation Evolves
In a bid for greater regulatory clarity, stablecoin issuer Paxos has applied for a national trust bank charter under the OCC.
Animoca Brands-Led Consortium Initiates Stablecoin Licensing in Hong Kong
Animoca Brands, in collaboration with Standard Chartered and Hong Kong Telecommunications (HKT), has commenced the regulatory process to establish a licensed stablecoin operation in Hong Kong.
KakaoBank Explores Stablecoin Expansion Amid South Korea’s Crypto Push
KakaoBank is positioning itself to capitalize on South Korea’s growing crypto market, with plans to offer stablecoin-related services.
SEC Refines Stablecoin Accounting Standards in Regulatory Modernization Push
The US Securities and Exchange Commission has updated its staff guidance, proposing that USD stablecoins meeting specific safeguards.
Visa Makes Stablecoin Payments Easier with New Crypto Additions
Visa has added support for PayPal USD, Global Dollar, and Euro Coin—plus two new blockchain networks, Stellar and Avalanche—to its settlement system.
Bank of Korea Introduces Virtual Asset Division as Stablecoin Discussions Advance
The Bank of Korea (BOK) has launched a new division focused on virtual assets to oversee the cryptocurrency market and participate in legislative discussions.
