India tightens crypto rules to fight money laundering and terror funding
India's financial intelligence agency has announced stricter identity verification measures for cryptocurrency exchanges to prevent money laundering and terror financing.
JPMorgan downplays stablecoin threat as local bankers warn of $6.6T risk
The ABA sent a letter to the U.S. Senate, saying stablecoins that offer yields will affect its banking members ability to grant loans, but JPMorgan disagrees.
He highlights three key challenges: finding alternatives to USD tracking, building capture-resistant oracles, and solving staking yield competition issues.
🇺🇸 UPDATE: Fed Chair Powell says the threat of criminal charges is a consequence of the Fed setting interest rates to serve the public rather than presidential preferences.