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Japan’s Largest Bank Plans to Issue Global Stablecoins
Mitsubishi UFJ Financial Group Inc. is engaged in discussions with global stablecoin issuers to launch its own tokens on its blockchain platform. With Japan’s stablecoin law in place, MUFG plans to utilize its Progmat blockchain platform to create stablecoins linked to foreign currencies such as the US Dollar. American Crypto Business? Welcome to France!
In late April, the European Parliament gave the green light to the Markets in Crypto Assets (MiCA) legislation. MiCA has emerged as the first-ever and most comprehensive package of standards and rules governing the crypto industry across EU nations. This development prompts us to ponder how the ripple effects of MiCA will be felt outside Europe. Brian Armstrong: 8 Regions Set to Lead Crypto, Excluding the US
Brian Armstrong recently put forth his perspective on the future of the cryptocurrency market. America's position as a world leader in finance and innovation is in jeopardy. The reason is straightforward: a failure to understand that cryptocurrencies represent much more than just individual transactions. Arthur Hayes: Armageddon Approaches
Arthur Hayes, renowned cryptocurrency figure and CEO of crypto investment fund Maelstrom, recently shared his insights on the future of Bitcoin. Speaking on the What Bitcoin Did podcast, Hayes predicted significant volatility ahead, triggered by the looming explosion resulting from the US banking crisis and skyrocketing national debt. Game Boy Transforms Into a Crypto Wallet
In the ever-evolving crypto world, innovation often takes us to surprising places. This time, it's led us back to the past - specifically, to the classic Nintendo Game Boy. The beloved handheld gaming device of the '90s is getting a modern facelift thanks to crypto startup Keyp, which is turning it into a secure hardware wallet for cryptocurrencies. SEC Seeks Court Order to Freeze Binance US Assets
In a recent development, the U.S. Securities and Exchange Commission (SEC) has requested a court to issue a temporary restraining order to immobilize assets connected to Binance.US. The request, filed in the D.C. District Court, seeks approval to freeze assets linked to BAM Management US Holdings and BAM Trading Services, the entities that hold and operate Binance.US. Crypto Mining Dodges 30% Tax in US Debt Ceiling Deal
As President Joe Biden and House Speaker Kevin McCarthy's negotiated agreement on the US debt ceiling becomes public, one intriguing aspect of the deal seems to have effectively stifled certain tax proposals from the Biden administration, particularly the Digital Asset Mining Energy (DAME) excise tax. Binance Counters Claims of Mixing Company and Client Funds
In a swift response to a Reuters report, prominent crypto trading platform Binance firmly refuted claims of impropriety in managing its clients' assets. The allegation centered on Binance purportedly infringing US banking norms by merging customer deposits with the firm's operational earnings. US Secret Service in Reddit AMA
In a recent Reddit AMA (Ask Me Anything), representatives from the US Secret Service's San Francisco Field Office and the Bay Area's Regional Enforcement Allied Computer Team (REACT) navigated an array of questions on cryptocurrencies, NFTs, and blockchain technology from the r/cryptocurrency subreddit community. 









