Search results for FATF
Crypto
U.S. banks call for stablecoin rules to cover secondary market trading
U.S. banking groups have urged regulators to clearly extend anti-money laundering rules for stablecoins beyond issuance to secondary market trading. The crypto industry has pushed back, warning that imposing responsibility for transactions issuers cannot control could shrink the DeFi ecosystem. The debate centres on who should monitor transfers after issuance, including movements between exchanges, DeFi protocols and private wallets, and how far regulatory responsibility should reach.
AI & Enterprise
OSL HK lists Kyrgyzstan gold-backed stablecoin USDKG
Hong Kong-licensed digital asset exchange OSL HK has listed USDKG, a gold-backed stablecoin issued by Kyrgyzstan. The token is pegged 1:1 to the U.S. dollar and is backed by physical gold reserves. Professional investors can trade the USDKG/USDT pair on OSL HK\'s over-the-counter platform. USDKG is issued by a state-owned entity under Kyrgyzstan\'s finance ministry, with an initial issuance of $50 million.
Crypto
Solana unveils enterprise blockchain platform with Mastercard, Western Union among participants
Solana has unveiled an AI-based blockchain platform, with Mastercard, Western Union and Worldpay joining as early participants, The Block reported on March 24. The Solana Developer Platform supports development of on-chain products including real-world asset tokenisation and payment technology. Mastercard plans to use it to expand stablecoin operations and support stablecoin payments directly on the Solana network. The platform offers APIs for tokenisation, payments and trading, and includes infrastructure partners providing custody, compliance and on-ramping.
