Philippines eyes payment operator registration freeze, tighter VASP checks

A central bank proposal would pause new payment operator registrations while requiring enhanced monitoring and transaction limits for arrangements involving virtual asset firms.
Discussion
Related stories

CZ’s Kyrgyzstan visit highlights why state backing cannot guarantee a stablecoin exit
CZ praised KGST on September 5; the separate USDKG project limits direct redemption to institutions, and its issuer has faced UK sanctions since May. The post CZ’s Kyrgyzstan visit highlights why state backing cannot guarantee a stablecoin exit appeared first on CryptoSlate.

A two-key breach could hand control of $91 billion in USDT to hackers, report finds
The rating agency's new framework combines Wall Street financial auditing with Web3 code reviews to evaluate both off-chain reserves and on-chain security.

Citi, DBS complete first weekend tokenized cross-border deposit on Swift
Citi and DBS completed their first tokenized cross-border transfer over the weekend, using Swift’s blockchain-based ledger to circumvent the constraints of traditional banking hours.