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Stablecoins' widespread usage and frequent instability could reduce the effectiveness of central bank monetary policies, Rhee Chang-yong said.
Member of Parliament Natalie Elphicke also announced that the parliamentary group she chairs will be hosting industry round tables and a call for evidence.
Legislation will crack down on terrorist organizations like Hamas by applying sanctions to foreign parties that facilitate financial transactions with terrorists.
The military-linked bill is viewed as must-pass legislation, so lawmakers sometimes try to tack on other things to get them passed, too.
Binance determined the application was not necessary "when assessing [its] global needs." The move is unrelated to the exchange's legal settlement in the U.S.
The Financial Conduct Authority (FCA) is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, the report said.
The U.S. Department of Justice (DOJ) argues that Binance's former CEO should remain free until sentencing – but only in the U.S.
The Department of Justice wants him to stay in the U.S. prior to sentencing.
The publicly traded company joins crypto-native firms HashKey Exchange and OSL Digital Securities with a license.
Minister will decide if Kwon will be extradited to the U.S. or South Korea.
- 15:48U.S. Bitcoin Spot ETF Accumulates $238.4 Million Net Inflows This Week, Gray Scale GBTC Net Outflows $88 MillionAccording to Farside Investors, the U.S. Bitcoin Spot ETF accumulated net inflows of $238.4 million this week. Of that, Grayscale GBTC saw a net outflow of $88 million, while Fidelity FBTC saw a net inflow of $194.3 million.
- 15:47Jupiter: Active Pledge Rewards page has high traffic, try replacing RPC claimsOn July 6, according to official sources, Solana Eco DEX Jupiter said that the Active Pledge Rewards (ASR) page is currently handling a lot of traffic. If users are having trouble claiming their rewards, they can try replacing the RPC.
- 15:46Bitcoin rallies past $57,000, up 2.85% in 24 hoursOn July 6, Bitcoin rallied past $57,000 and is now quoted at $57,107, a 24-hour gain of 2.85 percent.
