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The new regulations could offer banks a competitive edge by limiting institutions without a banking license to a maximum stablecoin issuance of $10 billion, the report said.

Ardoino says there's more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure.

The two largest digital dollar providers have chosen different paths in dealing with a perceived lack of global clarity on stablecoin rules: Circle is looking to U.S. lawmakers to provide guidance, while Tether is taking a hands-on approach to

The largest stablecoin's market cap has almost doubled, while key rivals declined and new entrants have yet to challenge its position.

The influencers, representing Bitcoin and Ethereum, will enter the pit at the Consensus festival May 30, 2024. Fyre Festival’s Billy McFarland is also on the fight card.

Jirayut Srupsrisopa said earlier this month that an IPO was planned for next year.

Zipmex now has 15 days to correct its financial position and create a system to prevent the improper use of customer funds.

The Securities and Exchange Commission found that the companies customer assets were transferred overseas before an announcement was made.

Authorities in Thailand have decided to block "unauthorized" crypto platforms to increase the efficiency of law enforcement in solving the problem of online crime, an announcement on Friday last week said.

Thailand Prime Minister Srettha Thavisin's shock removal from office by a court on Wednesday may not impact crypto rules in the nation, even if some policy implementations may be affected, experts told CoinDesk.