Singapore’s Largest Bank to Custody Stablecoin Reserves in Partnership with Paxos Trust

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Singapore’s largest bank, DBS Group Holdings Ltd., has announced that it will, for the first time, custody stablecoin reserves and offer related cash management services in collaboration with the local arm of cryptocurrency issuer Paxos Trust Co. This move marks a significant expansion of DBS’s involvement in the digital asset ecosystem. The bank’s decision follows […]

Here Are Rishi Sunak’s Most Urgent Crypto Tasks as UK Leader

Here Are Rishi Sunak’s Most Urgent Crypto Tasks as UK Leader

Source: Bloomberg As Chancellor of the Exchequer, Rishi Sunak outlined an ambitious plan to turn the UK into a crypto hub. As prime minister, he’ll be under pressure to deliver on that pledge while at the same time containing an economic crisis.  Crypto executives and investors interviewed by Bloomberg News greeted Sunak’s appointment with cautious […]

House Stablecoin Bill Would Put Two-Year Ban on Terra-Like Coins

Source: Bloomberg Legislation to regulate stablecoins that’s being drafted in the House would place a two-year ban on coins similar to TerraUSD, the algorithmic stablecoin that collapsed earlier this year. Under the latest version of the bill, it would be illegal to issue or create new “endogenously collateralized stablecoins,” according to a copy obtained by […]

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