Economic sanctions have a profound effect on international financial architecture, it turns out.
Regulation news
Franklin Templeton says this is the first tokenized money fund to launch on Coinbase’s layer-2 network.
Giancarlo Giorgetti said cryptocurrencies like Bitcoin presented a “very high level of risk,” highlighting the need for additional taxes.
Developing crypto regulations, along with a political shift toward cryptocurrencies, is a “very positive direction” for the industry, according to Changpeng Zhao.
With the US presidential elections nearing and no clear frontrunner, uncertainty looms over what effect the victor will have on the crypto sector.
The GFTN is established as the second phase of Singapore’s fintech growth initiative, which focuses heavily on payments, asset tokenization, AI and quantum computing.
According to the current Polymarket presidential election odds, Donald Trump is favored to win the election at 65.5%.
The United States Treasury Department is taking an interest in stablecoins and tokenization.
As centralized US dollar-pegged stablecoins continue to gain popularity, the potential for regulatory capture has grown.
Donald Trump said nothing about changing tax laws for Americans using Bitcoin to buy coffee but has suggested eliminating federal income tax.