The President of Palau, Surangel Whipps Jr., spoke about the upcoming launch of a national stablecoin pegged to the dollar. Ripple will help the island state to implement its plans.
From 2023, the Financial Services Agency of Japan will legalize the distribution of foreign stablecoins in the country. At the same time, Kraken crypto exchange is shutting down work on the Japanese crypto market.
The BitKeep crypto trading platform has been attacked by hackers. Hackers managed to embed malicious code in the APK application of BitKeep. The total losses of the platform's users amounted to about $8 million.
Karl Sebastian Greenwood – co-founder of OneCoin – pleaded guilty for fraud and money laundering in a Manhattan Federal Court. He will be prisoned for 60 years.
The government has approved the release of its own stablecoin for the province of San Luis, which will be pegged to the US dollar, as well as fully backed by liquid assets of the province.
Jewel USD (JUSD) will be the first stablecoin dollar-linked issued in Bermuda. The stablecoin will work on the Polygon blockchain, first transactions will be available to institutional clients, and later they will become available for commercial payments and individuals.
