Key Takeaways SARB has paused the digital rand rollout due to system efficiency and user privacy trade-offs. Expanding private stablecoins may bypass SA regulations, eroding the rand’s value and monetary authority. SARB will next focus […]
Key Takeaways Lawmakers examined eight digital asset tax proposals covering payments, donations, mining, staking, and compliance. Several proposals would reduce reporting requirements for routine digital asset transactions and stablecoin payments. Other measures address staking rewards, […]
Key Takeaways Ripple will place RLUSD inside Flutterwave’s payment network across African business corridors. Flutterwave’s platform has processed more than $50 billion in transactions across major markets. Companies may expand stablecoin settlement through remittances, local […]
Key Takeaways Proposed legislation would extend wash sale restrictions to many cryptocurrency transactions. Investors could face limits on claiming losses after rapid asset repurchases. Exemptions cover qualified U.S. dollar stablecoins and digital assets acquired through […]
Key Takeaways Kevin Warsh’s Fed held rates at 3.5%-3.75% in a unanimous 12-0 vote. CPI hit 4.2% in May as energy prices lifted pressure on U.S. households. The New York Fed kept $160B RRP limits […]
TLDR Arthur Hayes-linked wallet purchased 1,400 ETH worth approximately $2.5 million. The ETH purchase followed criticism over Hayes’ recent sales of HYPE, ZEC, NEAR, and WLD. ZEC fell more than 50% after Hayes’ sale became […]
Key Takeaways On June 12, the Bank of Ghana ordered local banks to halt support for unapproved crypto USD wallets. Over 2 pieces of legislation, including a 2019 Act, make these platform-led fiat operations illegal. […]
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