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⚖️ Regulatory update
- SEC Goes After Uniswap in DeFi First The SEC's lawsuit against Uniswap highlights the ongoing regulatory uncertainty surrounding DeFi. This will likely lead to further discussions about how to regulate decentralized protocols (Read more)
- Thailand Seeks Regulations on Crypto P2P Activities Thailand's move to regulate crypto P2P activity reflects a global trend towards establishing a framework for the industry (Read more)
- New Zealand Minister Calls for Overhaul of Digital Asset Regulations New Zealand's proposed overhaul of digital asset regulations could create a more supportive environment for the crypto industry (Read me)
- Hashkey CEO Slams Hong Kong Crypto Regulations Industry pushback against overly restrictive regulations is a recurring theme. Striking a balance between innovation and consumer protection will be key (Read me)
- South Korea to Tighten Token Exchange Regulations South Korea's plan to tighten regulations, including blocking hacked tokens, highlights the need for global cooperation on cybersecurity standards (Read me)
- Paraguay Proposes Bitcoin Mining Ban Citing Power Issues Paraguay's proposal to ban Bitcoin mining due to power grid concerns underscores the need for the industry to address its energy consumption (Read me)
💸 Stablecoins on the rise
- While PayPal's PYUSD stablecoin circulation has seen a decrease, its recent integration of PYUSD for faster and cheaper international transfers could lead to significant volume growth. Despite a recent decline in PayPal's PYUSD circulation (Read more), integrating it for international payments could be a game-changer for mainstream stablecoin adoption. By leveraging Paxos' US dollar-pegged pyUSD, PayPal offers users a faster and potentially cheaper way to send money across borders. This could significantly boost global financial inclusion (Read more)
- Hong Kong Mulls Crypto Stablecoin Issuer Hong Kong is exploring the issuance of a government-backed stablecoin. This could position Hong Kong as a hub for digital asset innovation, although regulatory clarity remains essential (Read me)
- 1inch Partners with Mastercard for Crypto Debit Card This collaboration between a leading DEX aggregator and a major payments network is another sign of mainstream adoption. Crypto debit cards offer a convenient way to spend crypto holdings (Read me)
- Ethena Labs to Scale USDE Stablecoin with Bitcoin Backing Ethena Labs' plan to leverage Bitcoin for USDE stability is an interesting experiment in hybrid stablecoin designs (Read me)
- Japan's Sony Bank Experiments with Yen-Pegged Stablecoin on Polygon This experiment by a major Japanese bank demonstrates the potential for stablecoins in global financial markets (Read more)
🔗 Other Interesting Stories
- Survey: Gen Z More Likely to Hold Crypto Than Stocks This survey suggests growing interest in cryptocurrencies among younger generations (Read more)
- BlackRock Considers Tokenized Fund Trading via Circle's USDC BlackRock's exploration of tokenized fund trading could be a major driver of institutional adoption of stablecoins (Read more)
- Solana's Battle Against Congestion Solana's ongoing efforts to address network congestion are crucial for maintaining its scalability (Read more)
- Philippines Faces Withdrawal Issues After SEC Blocks Binance This situation underscores the importance of clear regulations and consumer protection measures. (Read more)
