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Crypto

Russia government to pursue separate stablecoin bill

Russia's finance ministry is considering pursuing a separate bill to regulate stablecoins rather than including provisions in the existing law that regulates cryptocurrency trading. A finance ministry official said stablecoins have enormous potential. Russia is also reviewing ways to use stablecoins to bypass sanctions. Russian law currently has no clear legal definition of stablecoins, and discussions will continue with the central bank and market participants.

Crypto

Binance to secure five more regulatory licenses in Asia this year

Binance plans to secure five additional regulatory licenses in Asia this year, Asia-Pacific head S.B. Seker said in an interview with Nikkei Asia. The company aims to increase the number of jurisdictions where it is authorised worldwide to more than 20. Binance currently has regulatory approvals in six Asia-Pacific countries, including Australia and Japan. South Korea is expected to be added once its acquisition of Gopax is completed.

Crypto

Angle Protocol to phase out EURA and USDA stablecoins, focus on DeFi incentives platform

Angle Protocol will phase out its EURA and USDA stablecoins. Holders can redeem EURA for EURC and USDA for USDC at a 1:1 rate on Ethereum through the Angle app until March 1, 2027. Vault manager users can close positions and recover collateral. After the redemption period, remaining reserves will be distributed on Ethereum by airdrop to unredeemed holders on a proportional basis, with a 1-year claim window.