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Crypto

Stablecoins could support daily life, Japan experts say on a cashless era

Japanese finance and blockchain executives said living on stablecoins alone could be possible, but they are likely to coexist with cash and traditional finance. At an AI and on-chain finance summit in Japan, panelists discussed use cases including payments, international remittances, tax payments and the need for yen-based stablecoins. Views differed on whether stablecoins can outperform SWIFT, with tokenised deposits also cited as a longer-term option.

Crypto

India cracks down on overseas crypto platforms, 15 targeted for blocking

India’s Financial Intelligence Unit (FIU-IND) has issued non-compliance notices to 15 cryptocurrency service providers for failing to meet anti-money laundering requirements and requested that public access to their apps and websites be blocked in India. A report said not all services have been confirmed blocked. The official announcement did not mention account freezes, balance holds or withdrawal suspensions, though access limits could cause inconvenience.

Crypto

U.S. CLARITY Act revised draft expected this week as ethics provision stalls ahead of Senate vote

The U.S. Senate may release a merged draft of the CLARITY Act, a broad bill to regulate crypto market structure, this week. Work to combine versions prepared by the Senate Banking and Agriculture committees is nearing completion, but negotiations continue over key provisions, including ethics rules and the scope of decentralized finance regulation. A floor vote timeline remains uncertain as lawmakers debate which digital asset intermediaries should face registration, surveillance and anti-money laundering obligations.