Cryptocurrency Latest News & Updates
ABA warns interest-bearing stablecoins could trigger $6.6 trillion in bank deposit flight
The American Bankers Association has warned that allowing stablecoins to offer interest could trigger a massive exodus of deposits from the traditional banking system. The American Bankers Association (ABA) issued this warning on Monday, countering a recent White House research…...
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U.S. President says “the right people” seek deal despite start of Iran blockade
U.S. President Donald Trump has warned that Iran will no longer be allowed to “extort the world” as a naval blockade of the country’s ports officially commenced on Monday evening. We can’t let a country blackmail or extort the world,…...
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South Korea penalizes Coinone with a $3.5M fine for AML lapses
South Korean financial regulators have issued a multi-billion won fine and a three-month business suspension against Coinone following a probe into systemic anti-money laundering failures. The Korea Times, Chosun, and Yonhap News reported on Monday that the Financial Intelligence Unit…...
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