BOJ intervenes to defend yen near 160, holds rates steady
The Japanese yen crosses a key psychological level after the country’s central bank reportedly conducted a major currency intervention....
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Circle receives New York trust charter for subsidiary
The New York trust charter allows Circle’s subsidiary to provide fiduciary and custody services under state banking law....
Unlicensed crypto exchange Shelbit linked to $4 billion Iranian sanctions network
Unlicensed Dubai exchange Shelbit served as the hub for a $4 billion Iranian sanctions-evasion and illegal gambling network, according to investigators. The platform moved hundreds of millions in crypto to major global exchanges, including Binance, while offering Iran’s central bank direct access to global digital asset markets. Binance froze linked accounts and notified law enforcement agencies. The massive operation underscores expanding global regulatory scrutiny over illicit cross-border crypto transfer channels.
Circle secures New York trust charter as crypto regulatory push accelerates
The approval lets the USDC issuer offer fiduciary and custody services under New York banking law....