The deal gives Polygon access to 37 money transmitter licenses and 11 state exemptions. Polygon Labs has completed its acquisition of Coinme, giving its stablecoin payments platform a regulated way to convert dollars into digital assets and back across 48 US states. Polygon said Wednesday its US payments business now has coverage with 37 money...Continue Reading

Illinois officials already agreed to delay implementation of a 0.2% tax on crypto assets, but industry-aligned organizations are pushing for summary judgment on the merits. The Crypto Council for Innovation (CCI) and Blockchain Association (BA) said they would join the Digital Chamber and others to push for a court to address the merits of a...Continue Reading

The second-largest stablecoin by market cap will be overseen by French and EU authorities under its classification as a “significant e-money token.“ The European Banking Authority (EBA) has classified Circle’s USDC stablecoin as a significant e-money token under the region’s Markets in Crypto Assets (MiCA) framework.  In a Wednesday notice, the banking regulator said the...Continue Reading

Brooklyn prosecutors and the FBI seized 112 servers and shut down 241 websites linked to investment scams that targeted Russian-speaking Americans. Prosecutors in Brooklyn, New York, working with the Federal Bureau of Investigation (FBI), have disrupted an Eastern European cryptocurrency scam network accused of stealing tens of millions of dollars from Americans, primarily Russian-speakers. The...Continue Reading

The bank identified four distinct stablecoin markets, with USDC leading payments and AI transactions as competition intensifies over reserve yields. Standard Chartered says stablecoin transaction activity continues to grow even as the market’s overall value has stalled, suggesting existing stablecoins are circulating more frequently rather than new supply driving growth. In a report shared with...Continue Reading

The report from the US banking regulator did not include specific examples of debanking related to crypto, but mentioned it alongside ties to oil, gas and firearms. The US Office of the Comptroller of the Currency (OCC) released a report on debanking efforts, including ties to digital assets as activities that influenced banks to limit...Continue Reading

Bitcoin fell below $82,000 while bond yields targeted new 24-year highs on the back of hot US CPI inflation. Bitcoin (BTC) fell below $82,000 after Wednesday’s Wall Street open as US consumer inflation beat expectations. Key points: Data from TradingView showed crypto, gold and stock-market futures dropping after the release of Consumer Price Index (CPI)...Continue Reading

Even if Justin Drake’s prediction that AI could break cryptography proves correct, critics say “bunker mode” is an impractical suggestion that’s unlikely to protect your crypto. If rising geopolitical tensions weren’t enough cause for concern, now it’s crypto’s turn to go nuclear. The industry is busy debating a cryptography doomsday scenario in which attackers derive...Continue Reading

Qivalis said the EMI authorization enables it to launch a euro-denominated stablecoin, with issuance planned for the coming months, subject to additional MiCA requirements. European banking consortium Qivalis received Electronic Money Institution (EMI) authorization from the Dutch central bank, bringing it closer to issuing a euro-denominated stablecoin. The Amsterdam-based company revealed the license from De...Continue Reading

Payward expects to close the acquisition in 2027, enabling it to expand its traditional banking services into four EU operating markets already served by Saldo Bank. Cryptocurrency exchange Kraken’s parent company, Payward, will buy Lithuania-based Saldo Bank as part of its expansion into traditional financial services, calling it “a deliberate next step in an infrastructure...Continue Reading