TL;DR South Africa’s Reserve Bank and National Treasury have proposed banning companies from making cross-border stablecoin transfers, while leaving individual allowances of up to R2m intact. Exchanges including VALR and Luno have objected, with Luno signalling a possible legal challenge if Treasury bypasses parliament. South Africa has proposed banning corporate cross-border stablecoin transactions, in draft rules […]
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Key Takeaways Stablecoin payments help businesses combine blockchain settlement speed with more predictable value. The best stablecoin payment solution should support acceptance, stablecoin settlement, fiat settlement, reporting, compliance, and payout capabilities. Stablecoins are useful for ecommerce businesses, SaaS companies, international merchants, marketplaces, affiliate networks, global payroll, and cross-border supplier payments. A provider should be evaluated […]
Read MoreTL;DR JPMorgan filed for its second tokenized money market fund on Ethereum, accelerating Wall Street’s race to build regulated financial products on blockchain infrastructure now that the Genius Act has removed the regulatory ambiguity that kept institutions on the sidelines. JPMorgan Chase filed paperwork on Tuesday for its second tokenized money market fund, four months […]
Read MoreTL;DR Coinbase went offline for seven hours on Friday after an AWS data centre overheated in Virginia, capping a week in which the exchange cut 700 jobs and reported a 394 million dollar quarterly loss. Coinbase cut 700 jobs on Monday. It reported a 394 million dollar quarterly loss on Thursday. On Friday, a data […]
Read MoreCoinspaid, Europe’s one of the largest blockchain payment infrastructure, has announced a strategic partnership with The Residency, a global community for early-stage founders and innovators. The collaboration will provide Residency startups with exclusive access to Coinspaid’s industry-leading stablecoin infrastructure solutions on preferential terms. The Residency has become known for cultivating ambitious founders in an environment […]
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Public blockchains operate as permissionless networks where anyone can send digital assets to any address at any time. This open architecture creates a fundamental technical challenge for compliance teams tracking the flow of funds. Digital assets rarely travel in straight lines. They often move through multiple intermediate wallets before reaching a final destination. This multi-hop […]
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