Search results for British pound
Finance
Toss Bank extends international remittance fee waiver until year-end
Toss Bank is extending its international remittance fee waiver through the end of the year and expanding the number of currencies available for transfers to 10. The bank said it will waive the 3,900 won fee charged for overseas remittances until Dec. 31, applying the benefit to newly added currencies as well. Newly supported currencies include the Japanese yen, Vietnamese dong and Thai baht.
Crypto
JPMorgan backs U.S. Clarity Act but warns on regulatory loopholes
JPMorgan publicly backed the U.S. federal digital asset bill known as the Clarity Act, while warning that a loose regulatory framework could revive vulnerabilities that existing financial rules sought to block. In a joint article by Umar Farooq and Peter Muriungi, the bank said regulatory clarity must be paired with durable safeguards. It also flagged risks in market structure, stablecoin incentives and consumer misunderstanding, and called for stronger anti-money laundering and enforcement tools.
Crypto
Coinbase lists pound-pegged stablecoin tGBP, expands UK push
Coinbase has listed tGBP, a pound-pegged stablecoin issued under the UK Financial Conduct Authority framework, on its global platform. The token is issued by BCP Technologies and is backed by cash and short-term UK government bonds, redeemable 1 to 1 for pounds. Coinbase opposed requiring systemically important issuers to hold 40 percent of reserves as non-interest-bearing central bank cash and criticised issuance caps.
