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Crypto

NH Nonghyup Bank, Bank of Korea and KECO cooperate on digital currency subsidy management

NH Nonghyup Bank will work with the Bank of Korea and the Korea Environment Corporation to build a digital currency-based system for managing state subsidies. The three organisations signed a memorandum of understanding on July 2 to 추진 a digital currency-based subsidy programme for medium-speed electric vehicle charging facilities. They agreed to operate a digital currency network stably for reliable payments and settlement and to support subsidy disbursement and management.

Crypto

Clarity bill faces July turning point as U.S. crypto regulation hangs in balance

U.S. Senate Republican leaders are pushing to pass the Clarity bill, a crypto market structure measure, in July. With the Senate in recess until mid-July and an August break looming, lawmakers have about four weeks to act. The bill cleared two committees on party-line votes but faces hurdles on the Senate floor, including the need for some Democratic support. Questions over conflict-of-interest safeguards and President Donald Trump’s signing position add uncertainty.

Crypto

U.S. CBDC ban enlarges stablecoin arena as Circle, Tether and banks compete

A U.S. bill passed by Congress blocks the Federal Reserve from issuing a central bank digital currency until the end of 2030, reshaping the digital dollar race around private players. The move could accelerate competition between stablecoin issuers such as Circle and Tether and banks building tokenised deposit networks. Banks argue deposits underpin lending and have warned of large outflows if rules are misdesigned. Officials disagree on whether tokenised deposits can displace stablecoins.