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Jeremy Allaire, CEO of the USDC stablecoin issuer Circle, said Hong Kong is becoming an increasingly important market for settlements as stablecoins become a critical part of that infrastructure. “In emerging and developing markets … there are importers who are importing out of Asia, and a lot of the trade flow is settled through Hong […]
The G20 nations initiated the development of a unified set of cryptocurrency regulations in 2023, with India leading the effort during its presidency. With Brazil taking the reins, the country aims to advance this work towards a global crypto framework. Global financial organisations are now providing their feedback on virtual digital assets (VDAs). Recently, the […]