Yield-bearing assets in the cryptocurrency market are expected to grow rapidly as institutional adoption accelerates after the passage of the GENIUS Act, blockchain firm RedStone said in a report on Wednesday. The U.S. has enacted the GENIUS Act, a stablecoin law that creates a regulatory framework for dollar-pegged cryptocurrencies, sparking a surge in interest-bearing stablecoins….
As Diwali draws near, homes are sparkling with lights, sweets are being prepared, and shopping is in full swing. But the day that truly sets the tone for the festival of lights is Dhanteras. Traditionally Dhanteras is associated with wealth, prosperity and health and it is customary to buy precious metals like gold and silver,…
The Financial Intelligence Unit – India (FIU-IND) has sent notices to 25 offshore crypto platforms for continuing to operate in India without registering under the Prevention of Money Laundering Act (PMLA), 2002, the Ministry of Finance said. The move, reported by the Press Information Bureau (PIB), is part of efforts to bring foreign platforms serving…