The FBI has issued a warning about new cryptocurrency scams involving fake law firms. These scams target unsuspecting investors by creating phony legal entities to lend an air of legitimacy and trick victims into parting with their digital assets. The Bank for International Settlements (BIS) has called on central banks to “raise their game” on...
Cambodia’s Central Bank Governor, Chea Serey, highlighted the role of Bakong, the Cambodian Central Bank Digital Currency (CBDC), in promoting cross-border QR payments and increasing the use of the Cambodian Riel (KHR). Speaking at the Nikkei’s Future of Asia event in Tokyo, Serey emphasized that Cambodia’s currency system, dominated by the U.S. dollar, aims to...
BTG Pactual, one of Latin America’s largest investment banks, has introduced a dollar-backed stablecoin through its crypto platform, Mynt. The stablecoin, BTG Dol, is the world’s first dollar-backed stablecoin issued by a bank, BTG Pactual said in an announcement on Tuesday. The São Paulo, Brazil-based bank said it is enabling clients to “dollarize part of...
Kraken crypto exchange has revealed plans to open its own bank soon. The project is moving towards an early launch, Kraken general counsel Marco Santori told The Block. Kraken is an American centralized cryptocurrency exchange founded in 2011. The platform ranks 20th in terms of daily trading volume over the past 24 hours with an...
