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UAE’s Phoenix Group, Tether to launch Dirham-pegged stablecoin

Tether, the developer of the world's largest stablecoin, announced plans to introduce a new token pegged to the United Arab Emirates' Dirham (AED) in collaboration with Abu Dhabi-listed crypto conglomerate Phoenix Group (PHX).

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SEC charges siblings over $60M Ponzi

The SEC has taken swift action against two brothers accused of running a $60 million Ponzi scheme disguised as a crypto trading bot.

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Ripples: Dual Journey

Ripple, a provider of digital asset infrastructure for financial services, has joined forces with the Dubai International Financial Centre (DIFC) to bolster the adoption of blockchain and crypto technologies in the UAE.

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Swiss Blockchain Federation Criticizes FINMA

The Swiss Blockchain Federation has raised concerns over FINMA's recent communication on stablecoins, arguing that the new requirements for comprehensive user identification lack legal basis and could cripple Swiss competitiveness in the stablecoin market.

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FINMA issues Guidance on Stablecoins, Highlights Risks and Compliance

The Swiss Financial Market Supervisory Authority (FINMA) released new GUIDANCE (August 2024) on stablecoin issuance.

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