Category: News
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Circle Wins Conditional OCC Approval to Launch a National Trust Bank for USDC Reserve Oversight
The U.S. Office of the Comptroller of the Currency (OCC) has given the stablecoin giant conditional approval to create a national trust bank, a move Circle says will put the USDC Reserve under tighter…
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Mastercard Launches Open Finance Business Solutions for Australian SMEs
Mastercard is making a fresh play for Australia’s small-business market, launching Open Finance Business Solutions, a new suite of tools that uses real-time, permissioned data-sharing to help SMEs onboard faster, run “smarter” payments, automate…
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Visa, VNPT Money Flip The Switch On “Visa Pay” — QR Wallet Payments Go Live In Vietnam
Visa and VNPT Money are teaming up to push Vietnam’s cashless boom, launching Visa Pay inside the VNPT Money e-wallet — a move the companies say makes VNPT Money the first digital wallet in…
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Treasury Weighs Giving FinCEN New Power Over AML Enforcement
The U.S. Treasury Department is considering a plan that would significantly reshape how anti–money laundering (AML) rules are enforced across the banking sector, positioning its Financial Crimes Enforcement Network (FinCEN) as the central referee…
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Fed Cuts Rates Again, But A Rare Revolt Inside The Room Signals A 2026 Slowdown
The Federal Reserve delivered a widely expected 25-basis-point rate cut on Wednesday, trimming its benchmark fed funds range to 3.50% to 3.75% — the third straight quarter-point move and the lowest level for short-term…
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Norway’s Central Bank Pumps The Brakes On Digital Krone — For Now
In a statement Wednesday, Norges Bank said it does not currently recommend introducing a central bank digital currency (CBDC). The bank recently weighed whether a state-backed digital krone is necessary to ensure payments in…
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Mastercard Eyes China’s Remittance Billions With WeChat’s TenPay
Mastercard is pushing deeper into China’s massive remittance lane — with Tencent’s TenPay Global riding shotgun. The prize is huge: China pulled in about $31.41 billion in personal remittances in 2024.
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Banks Get Fresh Green Light to Broker Crypto Trades for Everyday Customers
The Office of the Comptroller of the Currency on Dec. 9, 2025 issued Interpretive Letter 1188, confirming that national banks may engage in “riskless principal” crypto-asset transactions as part of the business of banking.
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SSA to Feds: Rein In USDT, ID Stablecoin ‘Nodes’ — or GENIUS Risks Falling Flat
The Stablecoin Standards Authority is turning up the heat on Washington. The SSA said Monday it has filed a sweeping multi-agency petition urging U.S. regulators to align their rollout of the newly enacted GENIUS…
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Western Union eyes ‘stable card’ for inflation-hit markets in new crypto push
Western Union is getting ready to roll out a new “stable card” tied to its growing stablecoin strategy — a move the remittance giant says could be a game-changer for consumers stuck in high-inflation…