Everything web3, crypto, defi, degen
In brief Union Minister Piyush Goyal announced India will introduce an RBI-guaranteed digital currency at a government event in Doha on Monday. The minister confirmed India has not banned unbacked cryptos but continues to tax them heavily to discourage use. Experts say India’s stance could favor regulated, asset-backed tokens but risk slowing private crypto innovation…
In brief EU regulators have warned that cross-border schemes could create redemption pressures in the bloc, forcing ECB intervention. The EU has one of the world’s strictest crypto regimes and requires stablecoins to be fully backed by reserves. The stablecoin market is currently valued at over $300 billion, dominated by U.S. dollar-based tokens. The European…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors green but pulling back after Monday rally; BTC at $113k SWIFT partners with Consensys to bring payments onchain SEC &…
In brief Indonesia’s Universitas Gadjah Mada will pilot verifiable digital credentials, beginning with English proficiency courses. Students receive digital wallets preloaded with tokens for paying tuition and course fees, with no added costs. The pilot rollout will cover 60,000 students and run alongside a separate AI lab initiative. Universitas Gadjah Mada (UGM), one of Indonesia’s…
In brief SWIFT is partnering with Consensys and 30 major financial institutions including Bank of America, Citi, and JP Morgan to develop a blockchain-based prototype for real-time cross-border payments. The prototype will use a secure ledger with smart contracts to record and validate transactions. It’s still unclear whether it will be built on Ethereum mainnet…
In brief Leaked files tie Moldovan oligarch Ilan Shor’s A7 network to $8 billion in crypto transactions for sanctions evasion. Analysts link the funds to election interference efforts via apps, bots, and ruble-backed stablecoins. Experts urge caution, noting attribution limits and the growing complexity of Russia’s crypto ecosystem. When a cache of internal files from…
In brief An Interpol operation encompassing 40 countries has seized $439 million from suspected criminals. Law enforcement agencies froze 400 crypto wallets, from which they recovered $16 million in crypto. Investigated crimes include investment fraud, money laundering related to illegal gambling, sextortion, and e-commerce fraud. Interpol has seized a total of $439 million in criminal…
In brief Chinese regulators have reportedly given informal guidance to brokers to halt tokenization activity offshore. Hong Kong is pushing ahead with stablecoin licensing and its broader digital asset push. Observers see a temporary cooling period, not a reversal of institutional demand. China’s securities regulator has reportedly instructed some brokerages to pause their real-world asset…
In brief The U.S. and UK formed a joint task force to align crypto rules and ease cross-border capital flows. The group, led by both nations’ treasury departments, is set to deliver policy recommendations by March 2026. Experts say the plan could boost global adoption of tokenized securities, stablecoins, and other digital assets. The United…
In brief Kaia and LINE NEXT have announced Project Unify, a stablecoin-powered app inside LINE Messenger, which has nearly 200 million users in Asia. The app will launch in beta later this year, offering payments, remittances, yield services, and access to more than 100 decentralized applications. Plans include support for regional stablecoins from the yen…
