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US Treasury Open to Nonbanks Issuing Stablecoins, Official Says


As Congress considers a path for nonbanks to be allowed to issue stablecoins, Nellie Liang, the U.S. Treasury Department’s undersecretary for domestic finance, says that’s fine with the agencies that once recommended issuers be regulated as banks

Animoca Brands Raised More Than US$75mn for an Open Metaverse


Animoca Brands announced its successful capital raise of around $75 million. This is the second tranche of funding, as the initial round took place on 18 January 2022. The current tranche’s investors include Kingsway Capital, Liberty City Ventures, Alpha Ventures, 10T, Generation Highway Ltd,...

Russia’s Finance Ministry Supports Circulation of Stablecoins in Country


The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay the ground for a new financial system, the department is unsure if it will...

How DAOs Open Doors for the Unbanked


It’s a new, borderless world, and DAOs hold the key to economic opportunity for billions of people, including the world’s 1.7 billion unbanked adults

Fan Wants To Build An Open World Simpsons: Hit & Run


Hey, remember this time last year when Reubs whipped up a more modern version of the classic Simpsons: Hit & Run in just a week? Well he’s back in 2022 and has far more ambitious goals for the project.Read more

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