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Dubai Completes Crypto Payment Pilot for Government Services


Dubai’s Department of Finance has successfully completed a pilot test enabling the settlement of digital assets in UAE dirhams for instant government service payments. Pilot Transaction Details The Dubai Department of Finance (DoF) has successfully completed a preliminary technical test enabling...

Former IMF Chief Economist Warns About the Next $35 Trillion Financial Crash


Gita Gopinath, former IMF Chief Economist, warns about the sudden rise of the U.S. stock market and the surge of an unavoidable correction, which could have catastrophic effects on the global economy. She estimates that losses could amount to over $35 trillion. Former IMF Chief Gopinath: Next...

Kraken Acquires CFTC-Licensed Small Exchange for $100 Million


Kraken has acquired Small Exchange, a Commodity Futures Trading Commission (CFTC)-regulated Designated Contract Market, for $100 million, marking a major step in its plan to expand crypto derivatives offerings in the U.S. Small Exchange Deal Expands Kraken U.S. Derivatives Reach Kraken has taken...

OKX and Standard Chartered Bring Crypto Custody to the European Market


OKX has expanded its partnership with Standard Chartered into the European Economic Area (EEA), offering institutional clients its collateral mirroring program. The move strengthens regulatory trust and cements OKX’s long-term commitment to Europe’s growing digital asset market. Standard Chartered...

Bitcoin Seizure Sparks Tension Between UK Treasury and Chinese Victims


The UK government is weighing a compensation plan for victims of a major crypto fraud involving 61,000 BTC seized from Chinese scammer Zhimin Qian. Details of the Seizure and Conviction The United Kingdom government is considering a compensation plan for victims of a major fraud case that could...

Sony Bank Eyes US Trust Charter for Stablecoin and Custody Services


Sony Bank — yes, the same folks behind your Playstation — is making a power move into American finance. The digital banking arm of Japan’s Sony Group has officially filed with the U.S. Office of the Comptroller of the Currency (OCC) for a national banking charter, according to Law360. Sony Group...

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