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Crypto

Nepal crypto trading rises despite ban; IMF urges faster regulation

The International Monetary Fund said crypto-related flows in Nepal have risen sharply despite a legal ban, and urged the country to strengthen oversight and build a regulatory framework. In an annual consultation report, the IMF flagged growing stablecoin and unsecured crypto flows from 2019 to 2024 and estimated significant cross-border activity. It called for rules aligned with international standards and urged Nepal to complete its FATF implementation plan and exit the grey list.

Crypto

Banks move as stablecoins grow in battle to defend digital dollars

U.S. financial firms are preparing a joint payments infrastructure that would let bank deposits be transferred directly on blockchains, as stablecoins expand. The Clearing House is pushing a system for 24-hour clearing and settlement of tokenised deposits, linking blockchain transactions to existing fiat networks such as RTP and CHIPS. The push is supported by regulatory distinctions between stablecoins and tokenised deposits, while banks focus on preventing deposit outflows.

Crypto

CoinShares cites Iran, rate outlook and AI strength behind bitcoin weakness

CoinShares said bitcoin\'s recent weakness reflects deteriorating market sentiment rather than structural change. It said about $5.8 billion flowed out of digital asset investment products, including ETFs, over roughly four weeks through June 5, though the market broadly held steady. CoinShares cited uncertainty over U.S.-Iran peace talks, shifting expectations for Federal Reserve policy, and liquidity moving into AI-related assets. It also pointed to Strategy\'s sale of 32 bitcoin as a sentiment drag.