MoonPay is shifting gears. Known for letting users buy crypto with a credit card, the company is now moving deeper into financial infrastructure. It has partnered with M0 to launch PYUSDx, a framework that lets developers create application-specific stablecoins backed by PayPal USD. That turns PYUSD from a simple token into a launchpad. Instead of navigating months of … [Read more...] about MoonPay PYUSDx Framework Is Bringing App-Specific Stablecoins to the Mainstream
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Hong Kong begins discussions to introduce stablecoin regulatory framework
Hong Kong's central banking institution, the Hong Kong Monetary Authority (HKMA), released a questionnaire to gauge public opinion on regulations for crypto-assets and stablecoins. The state-backed regulator intends to establish a regulatory framework by 2023-24.HKMA’s “Discussion Paper on Crypto-assets and Stablecoins” highlights the explosive growth of the stablecoin market … [Read more...] about Hong Kong begins discussions to introduce stablecoin regulatory framework
1inch Foundation upgrades governance framework
1inch Foundation, the non-profit arm of the 1inch decentralized exchange aggregator, has introduced important changes to its governance framework intended to streamline the proposal process. On Wednesday, the Foundation announced the creation of the 1inch Network Governance, which complements the “instant governance” framework the protocol launched back in December 2020. … [Read more...] about 1inch Foundation upgrades governance framework
Indian startup organization proposes regulatory framework for crypto
IndiaTech.org, an industry association representing India’s consumer internet startups and investors, wants to provide clear definitions for the cryptocurrency industry.On Wednesday, the association released a white paper including a policy proposal with recommendations for a regulatory framework for crypto assets and crypto exchanges in India.The proposed framework suggests to … [Read more...] about Indian startup organization proposes regulatory framework for crypto
Europe awaits implementation of regulatory framework for crypto assets
The global landscape of crypto-asset regulations is diverse and, even though it is getting more complex, many regulators are still choosing to wait and see how this space develops and what others will do. Right now, all eyes are on the European Union and its bespoke approach to regulating crypto assets.As part of an expansive digital finance package announced in September 2020, … [Read more...] about Europe awaits implementation of regulatory framework for crypto assets