Latest updates, press releases, and insights from the volatile world of digital assets.
SBI Holdings and the Solana Foundation have formed a partnership through an equity stake in a rebranded subsidiary to advance stablecoins, tokenized assets, and cross-border services on the Solana network
Lawson, one of Japan’s largest convenience store chains, will run a pilot using yen-pegged JPYC stablecoin at a Tokyo store in early August, marking the first direct integration with a point-of-sale system
Pakistan’s push for regulated digital assets meets resistance from leading Islamic scholars who deem cryptocurrencies incompatible with Shariah principles, prompting calls for detailed review and continued talks
The stablecoin market cap fell roughly $10 billion from its May peak, with a $7.7 billion decline in June alone marking the largest monthly drop since the 2022 Terra event, though the overall contraction stands at just 3 percent
Pakistan’s virtual assets regulator has met with a leading Islamic scholar following a ruling against crypto-based purchases, urging separate reviews for different digital asset types while advancing its licensing framework
Stablecoins tied to the US dollar can improve access to foreign currency in economies with managed exchange rates, yet new IMF research points to increased risks of rapid currency outflows during periods of stress
The Bank of Korea is pushing for swift legislation on won-backed stablecoins, prioritizing bank consortiums while advancing deposit token pilots amid ongoing legislative delays
The European Union is set to review its Markets in Crypto-Assets Regulation in 2027, focusing on foreign stablecoin issuers and emerging tokenization developments following recent US legislation
The Reserve Bank of India has reiterated its call for policies leaning toward prohibition of cryptocurrencies, while tax authorities highlight widespread underreporting and enforcement challenges involving millions of traders
The Reserve Bank of India has urged lawmakers to maintain strict separation between the banking system and cryptocurrencies, including private stablecoins, while keeping prohibition as an option
