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GENIUS Act may cement US dollar dominance in digital economy


A key piece of US stablecoin legislation awaiting a full Senate vote may emerge as a net positive for the US dollar’s dominance in the digital asset economy.The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act aims to set clear rules for stablecoin...

Reserve Bank of India to roll out new use cases for digital rupee


The Reserve Bank of India (RBI) is set to broaden the reach of its digital rupee pilots by introducing new use cases and features for both its retail (e₹-Retail) and wholesale (e₹-Wholesale) central bank digital currencies (CBDCs), according to the central bank’s Annual Report...

Russian State Duma Prepares Bill to Widespread Digital Ruble Payments


The digital ruble payments bill, which has already been approved in its first reading by the State Duma, introduces the concept of a universal code that will facilitate digital currency disbursements, giving banks and retail outlets three years for implementation. Digital Ruble Massification Bill...

Pakistan creates Digital Asset Authority to regulate crypto


Pakistan’s Ministry of Finance has reportedly endorsed the creation of a dedicated body to regulate blockchain-based financial infrastructure in the country.The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing, regulate exchanges, custodians...

Hong Kong Passes Landmark Stablecoin Bill, Reshaping Digital Finance


Hong Kong just turbocharged its digital finance ambitions, locking in a game-changing stablecoin law that mandates licenses, enforces full compliance, and ignites the city’s crypto leadership. Hong Kong Enacts Licensing Law for Stablecoin Issuers, Ushering in New Era for Crypto Assets The Hong Kong...

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