Bank for International Settlements argues stablecoins need central bank support to function

Revolut will stop supporting USDT on August 31, after ending purchases July 6 and new deposits July 30 for affected users. Revolut has told customers it will stop supporting USDT on August 31 through app alerts and emails. The move will end access to one of the most used stablecoins on its platform. Users can […] The post Europe’s Largest Fintech Is Dropping USDT: Here’s the Timeline appeared first on Live Bitcoin News.

In a Brazilian Congress hearing, Fábio Araújo, consultant for the Financial System Regulation Department (Denor), stressed that, unlike other crypto assets, stablecoins have specific traits that would be better regulated if they were classified as monetary instruments instead of as digital assets. Central Bank of Brazil pushes for electronic money regulation for stablecoins The debate […]

Visa, M-Pesa and Onafriq have launched a pilot program in the Democratic Republic of Congo using U.S. dollar-pegged stablecoins to settle cross-border mobile transactions. Blockchain Meets Mobile Money Financial services giant Visa, mobile money platform M-Pesa, and pan-African payments network Onafriq have launched a pilot program using stablecoins to settle cross-border mobile transactions in the […]

Bridge gains MiCA and EMI approvals to operate regulated services across all 27 EU states. New licenses enable euro-backed stablecoins, virtual IBANs, and cross-border payment tools. Dual approvals strengthen Bridge’s European expansion under the EU’s unified MiCA framework. Bridge has secured dual regulatory approvals in Luxembourg, allowing the stablecoin infrastructure company to expand regulated services […] The post Bridge Wins EU-Wide MiCA and EMI Licenses for Crypto Expansion appeared first on Live Bitcoin News.

RBI supports tougher crypto restrictions as India reviews digital asset rules, banking exposure, stablecoins, and future crypto regulations. The Reserve Bank of India (RBI) has again taken a tough stand on cryptocurrency. The central bank shared its views with a Parliamentary committee on Thursday. It backed more crypto and private stablecoin regulation. Furthermore, it stated […] The post RBI Pushes Tough Crypto Restrictions to Protect India’s Banks: Report appeared first on Live Bitcoin News.

Chainalysis and TRM Labs flag stablecoins as the main rail in crypto crime while $141B headlines stir policy hawks. Wallet-KYC is back on the table. Here’s what may stick.

The Central Bank of Brazil recently sent a notification to several financial institutions about the possible misuse of purpose structures to import crypto into Brazil and act as intermediaries. This was enough to send stablecoin prices up by 2%, as actors worried about liquidity channels. Central Bank of Brazil’s Interpretation Gave Rise to a Temporary […]

XLM pulls back with the wider crypto market as Stellar adoption grows across tokenization, stablecoins, payroll, and payments. XLM remained under close market watch after recent price swings drew attention from traders and long-term holders. The move came as crypto assets faced wider pressure across the market. The latest pullback was not linked to reported […] The post XLM Bulls Eye Long-Term Growth as Stellar Adoption Expands Despite Pullback appeared first on Live Bitcoin News.