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Bank of England and UK’s FCA Propose Plans to Regulate Stablecoins


The UK’s central bank and the financial regulator have both proposed plans to regulate stablecoins in discussion papers, published Monday. The Bank of England (BoE) revealed that the regulatory measures focus on sterling-denominated stablecoins. This is because they have...

Musk and Sunak sit for a casual, yet serious, AI discussion


The inaugural AI Safety Summit has seen many important personalities mark their presence. This has paved the way for what the future could be—AI-filled. The two faces to have gained the most limelight are Rishi Sunak and Elon Musk. While it is purely normal for the Tesla CEO to be the center...

Oman's Multi-Million Crypto Investments Trigger Sharia Compliance Discussion


The Sultanate of Oman is continuing its push into the world of cryptocurrency with a series of multi-million-dollar investments.  The country, located on the southeastern coast of the Arabian Peninsula, aims to establish itself as a digital hub in a highly competitive region.  The government...

Russian State Duma Passes Digital Ruble Law


The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed digital currency, to organize a pilot test slated...

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