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Crypto

Netanyahu floats blockchain as way to bypass financial sanctions, sparking Israeli political spat

Israeli Prime Minister Benjamin Netanyahu (베냐민 네타냐후) has publicly raised the possibility of using blockchain and cryptocurrencies to respond to potential international financial sanctions. He said Israel is reviewing related technology to reduce any economic shock. Political opponents criticised the idea, with one calling it a national security threat, while the Bank of Israel said crypto cannot be used to bypass sanctions. Industry figures and local media also questioned its effectiveness.

Crypto

Mastercard praises Ripple\'s RLUSD at XRPL hackathon

Mastercard publicly gave a positive assessment of Ripple’s stablecoin RLUSD at an XRP Ledger hackathon held in New York. Blockchain outlet U.Today reported that Mastercard representatives reacted favorably while outlining partner pitch requirements. An XRPL community member posted that Mastercard praised RLUSD during the session. The 36-hour event focused on autonomous payments using AI agents and included more than $40,000 in prizes, with several firms involved in mentoring and judging.

Crypto

Banks or non-banks? Last-minute tug of war over won stablecoin issuers

As discussions to institutionalise won-denominated stablecoins near the final stage, South Korea is debating how broadly to allow issuers. Authorities are consulting on issuer eligibility, reserve assets and redemption systems under the planned Digital Asset Framework Act. One option would allow issuance by consortia in which banks hold a majority stake. The Bank of Korea supports introducing private won stablecoins but stresses risks to financial markets and monetary policy as scale grows.