FDIC faces GAO pressure over gaps in crypto oversight
GAO urged the FDIC to coordinate with federal regulators on blockchain risks as stablecoin and crypto market rules move forward.
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The article was updated with a quote from Early Warning Services CEO Cameron Fowler. Zelle operator Early Warning Services has announced plans to launch cross-border remittances to India and has introduced a U.S. dollar-backed stablecoin as part of its international…
Read full articleGAO urged the FDIC to coordinate with federal regulators on blockchain risks as stablecoin and crypto market rules move forward.
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Paradigm has led a $9 million Series A funding round for Latin American payments platform El Dorado as the company expands stablecoin-powered cross-border transfers across underserved markets in the region. According to a June 15 announcement from Paradigm, the investment…