Everything web3, crypto, defi, degen
In brief Digital asset custodian BDACS has launched KRW1, South Korea’s first fully regulated won-backed stablecoin, through a partnership with Woori Bank. Each token maintains full collateralization with Korean won held in Woori Bank escrow, according to BDACS. The launch comes amid competing parliamentary bills that debate interest payments and capital requirements for stablecoin issuers.…
In brief ASIC has granted class relief for intermediaries distributing stablecoins issued under an AFS licence. An expert told Decrypt this “helps bridge regulatory friction while Treasury finalises its proposed stablecoin regime.” ASIC noted the relief could be extended to additional issuers as more look to secure AFS licences. The Australian Securities and Investments Commission…
In brief Switzerland allowed Backed to avoid whitelisting xStocks. Tokenized Tesla shares have the largest supply. xStocks have roughly 30,000 unique holders. Balancing compliance needs against the open and accessible nature of decentralized finance ultimately brought Backed Finance to Switzerland, according to co-founder Adam Levi.The company was registered in the European nation because it allowed…
FED DECISION TODAY, CZ MAY BE RETURNING, CREATOR COINS HEAD SOUTHBTC taps $117k, BNB leads L1s ahead of Fed decision. Whale moves $116m BTC after 11-year dormancy. Binance nears deal to end DoJ compliance monitor. CZ updates X profile, sparks Binance return rumours. 67% fund managers don’t hold crypto: BofA survey. Crypto execs set to…
We’re excited to announce our partnership with an affiliate of Circle Internet Group, Inc. (NYSE: CRCL), a global financial technology company and a stablecoin market leader. We have long been one of the leading providers of stablecoin liquidity globally, preferred by our clients for the depth and breadth of our stablecoin markets. Building on this…
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 mostly flat into FOMC, Bitcoin leads +1% to $116,300 Binance in talks with US DOJ to end its compliance monitor…
In brief OFAC has sanctioned two Iranians and multiple firms in Hong Kong and the UAE. The designations hit a shadow banking network tied to oil sales and cryptocurrency transactions for the IRGC-QF and MODAFL. The measures follow Israeli moves against 187 crypto wallets linked to the IRGC. The U.S. Treasury Department has imposed sanctions…
In brief Quantexa designed an AML solution for mid-size and community banks. It can help them identify crypto-powered crime, according to Quantexa’s Christopher Bagnall. Stablecoin legislation is expected to unlock new competitors. Quantexa, a data and analytics software firm, introduced a product on Wednesday that’s intended to help smaller financial institutions fight crypto-powered crime in…
In brief Google launched an open-source protocol to let AI agents handle financial transactions, backed by Coinbase, PayPal, American Express, and the Ethereum Foundation. The protocol expands Google’s Agent2Agent framework with payment support for cards, stablecoins, and real-time bank transfers, plus a crypto-specific x402 extension. The Ethereum Foundation says the effort aligns with its ERC-8004…
In brief Israel’s National Bureau for Counter Terror Financing has released a list of 187 USDT addresses. It alleges the addresses, which collectively received $1.5 billion, are linked to Iran’s Islamic Revolutionary Guard Corps and must be blacklisted. Blockchain data firm Elliptic said it couldn’t be certain if all the addresses were linked to Iran’s…
