Amundi warns GENIUS Act could backfire, undermining dollar dominance
Amundi warns the US GENIUS Act may boost dollar-backed stablecoins, potentially weakening the dollar’s dominance and disrupting global payment systems.
Central Bank of Bahrain allows yield-bearing approved stablecoins
The Central Bank of Bahrain has issued full stablecoin regulations, allowing licensed issuers to offer yield-bearing stablecoins with strict reserve and operational requirements.
Breaking: Senator Lummis Introduces Crypto Tax Legislation to Ease Bitcoin Transactions
Senator Lummis introduces a crypto tax bill to ease Bitcoin transactions, offering tax relief for small purchases, mining, staking, and charitable donations while simplifying lending rules.
IMF denies Pakistan’s proposal to offer cheap power to Bitcoin, crypto miners
The IMF rejected Pakistan’s proposal for subsidized electricity for crypto miners, citing market distortion concerns, despite Pakistan’s surplus power and plans to boost consumption.
Pakistan’s energy optimization through Bitcoin mining gets 3 months trial after IMF’s partial rejection
Pakistan’s IMF-backed Bitcoin mining trial reduced to 3 months due to energy concerns. The country continues crypto push with a new advisory council including industry leaders like CZ and Michael Saylor.
Hackers Steal $180M from Brazilian Banking System in Largest-Ever Attack, Cash Out via Bitcoin and USDT
Hackers stole $180M from Brazil’s banking system via a critical vulnerability, marking the largest cyberattack in the country’s history. Funds were converted to Bitcoin and USDT through crypto exchanges.
Fight for 40,000 BTC Continues: Judge Allows Celsius’s Lawsuit Against Tether to Proceed
A U.S. judge allows Celsius Network to proceed with a $4.3B lawsuit against Tether over the alleged improper sale of 40,000 BTC in 2022, dismissing some claims but finding merit in others.
Pakistan Bitcoin mining plan in limbo as IMF rejects power subsidies: Report
Pakistan’s plan to subsidize Bitcoin mining with surplus electricity faces IMF opposition over market distortion concerns, though the proposal remains under review with World Bank input.
MiCA enforcement still fragmented across EU, says Bitpanda exec
Bitpanda exec highlights uneven MiCA implementation across EU, noting regulatory differences persist despite the framework aiming for harmonization. Bitpanda holds three MiCA licenses.
Arthur Hayes says US banks may unlock $6.8 trillion T-bill buying power through stablecoins
Arthur Hayes suggests US banks could use stablecoins to unlock $6.8 trillion in T-bill buying power, aiding Treasury debt challenges through tokenized deposits and AI-driven compliance.
