Japan’s FSA backs joint stablecoin initiative by nation’s top banks

Japan’s FSA backs joint stablecoin initiative by nation’s top banks

Japan’s financial regulator has launched a “Payment Innovation Project” backing a joint initiative by major banks and corporations to issue yen-based stablecoins. Japan’s financial regulator, the Financial Services Agency (FSA), endorsed a project by the country’s largest financial institutions to jointly issue yen-backed stablecoins. In a Friday statement, the FSA announced the launch of its…

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Bitcoin 'money vessel' amasses B but recovery lacks ETF inflows

Bitcoin 'money vessel' amasses $8B but recovery lacks ETF inflows

Despite an $8 billion rise in realized cap, Bitcoin’s recovery lacks the continued inflows from ETFs and Michael Saylor’s Strategy as the main demand drivers, according to CryptoQuant. Bitcoin’s onchain inflows are signaling robust demand for the world’s largest cryptocurrency, with both investors and miners ramping up their activity despite the negative market sentiment since…

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95% of Iran’s 427,000 active crypto mining devices operate illegally, official says

95% of Iran’s 427,000 active crypto mining devices operate illegally, official says

Iran’s energy chief says 95% of the country’s 427,000 crypto mining rigs operate illegally, consuming massive power and destabilizing the national grid. Iran’s crypto mining industry is facing a widespread illegal mining crisis, with authorities estimating that over 95% of the country’s 427,000 active mining devices are operating without authorization. Akbar Hasan Beklou, CEO of…

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Romania blacklists Polymarket for illegal crypto betting amid 0M election wagers

Romania blacklists Polymarket for illegal crypto betting amid $600M election wagers

Polymarket’s ban in Romania follows similar crackdowns in the US, France, Belgium, Poland, Singapore and Thailand, where regulators cited unlicensed gambling activity. Romania’s National Office for Gambling (ONJN) has blacklisted leading prediction market Polymarket, calling it an unlicensed gambling platform operating outside state oversight. The decision follows what regulators described as a surge in crypto-based…

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