#DigitalCurrency

Coins.ph to Pilot Peso-Backed Stablecoin

Philippines’ central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso-backed stablecoin called PHPC, the company said last week. The program will come under the BSP’s Regulatory Sandbox Framework and will be backed by Coins.ph’ cash and cash equivalents held in Philippine bank accounts, the announcement said. The pilot

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U.S. Nears Finalization of Stablecoin Legislation

In a significant development for the cryptocurrency sector, U.S. House Representative Maxine Waters (D-California) has indicated that a pivotal stablecoin bill could soon reach its final form. The prominent Democrat on the House Financial Services Committee expressed optimism about the legislation’s progress, stating, “We are on our way to getting a stablecoin bill in the

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Jamie Dimon Renews Critique on Bitcoin

Jamie Dimon, CEO of JP Morgan, reaffirmed his critical view of Bitcoin, labelling it a “fraud” and likening it to a “public decentralized Ponzi scheme.” Despite his harsh words for Bitcoin, Dimon acknowledged the potential value of blockchain technology and smart contracts, highlighting their practical applications beyond the cryptocurrency. During the discussion with Bloomberg’s Emily

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PayPal’s Stablecoin Goes Global

PayPal has made a significant leap in the crypto payments arena by allowing U.S. customers to utilize its stablecoin, PayPal USD (PYUSD), for international transactions. This development, announced through a press release on Thursday, marks a new chapter for PayPal’s venture into the crypto space, underlining its commitment to fostering the mainstream adoption of cryptocurrencies.

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Nigeria’s Legal Pursuit of Binance Executive

The Nigerian federal government has joined forces with the International Criminal Police Organization (Interpol) to chase the extradition of a key Binance executive, Nadeem Anjarwalla, following his unexpected escape from detention within the country. This pursuit underscores a significant escalation in Nigeria’s crackdown on alleged financial crimes linked to the crypto industry, marking a pivotal

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