FDIC Stablecoin Rules Set for Release as GENIUS Act Advances
The Federal Deposit Insurance Corporation is in the process of releasing its initial draft of FDIC stablecoin regulations under the GENIUS Act that will be issued before the month is over. The release of the proposal by the acting chairman, Travis Hill, confirmed that it will address how stablecoin issuers can seek federal oversight, a […]
Why South Africa Is Holding Back on Digital Currency
South Africa’s central bank says there’s no urgent need for a retail CBDC, focusing instead on payment upgrades and wholesale use cases.