BoE’s Bailey warns of looming ‘wrestle’ with US over stablecoin rules, flags run risk for UK
Bailey, who chairs the Financial Stability Board, warned that hard-to-redeem U.S. stablecoins could flood into jurisdictions like the UK during a crisis....
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The Nobitex dilemma: How Iran's biggest crypto exchange stays off the OFAC blacklist
Iran's biggest crypto exchange, Nobitex, processes billions in annual volume while facilitating state sanctions evasion and terrorist financing. Despite documented links to Iran's leadership, Hamas, and Houthis, it remains off OFAC's blacklist because it operates domestically in Iran, where broader sanctions already apply. The platform uses sophisticated code to bypass compliance tools and Western blockchain analytics.
Australian Police Seize Millions in Bitcoin From Alleged Darknet Marketplace Operator
Australian police seized millions in Bitcoin from an alleged darknet marketplace operator, marking a significant law enforcement action against cryptocurrency-enabled crime. The bust underscores growing regulatory crackdowns on illicit digital asset activity globally. Bitcoin trades near $80,756 amid broader market stability. For Indian investors, this signals strengthening international enforcement that could impact crypto legitimacy and regulatory frameworks domestically.
Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says
Novig, a sports betting platform, plans to transition from a 35-state sweepstakes model to a federal Designated Contract Market framework this summer, enabling operations across all 50 states. The CEO argues sports betting should be regulated as a financial product, not gambling, citing the $2 trillion global market. This regulatory shift could reshape prediction markets and attract sophisticated traders currently banned from traditional sportsbooks.