This week’s Crypto Biz explores the latest developments in the global regulatory landscape for crypto companies, particularly in the United States. Coinbase and Circle have decided to dissolve the Centre Consortium in a strategic realignment driven by demand for regulatory clarity on stablecoins. Binance.US has announced a partnership with MoonPay featuring the dollar-pegged stablecoin Tether USDT as its new “base asset” for all transactions, allowing a path for users to transact in U.S. dollars while possibly sidestepping potential regulatory hurdles.Meanwhile, global Binance continues facing challenges with on and off-ramps. Almost 30 days before Paysafe ends its support for fiat transactions in Europe, its users in the region are reporting difficulties with fiat withdrawals.E-commerce giant Shopify has added Solana Pay to its pool of options for payment, allowing millions of merchants to use the platform to accept crypto transactions, kicking off with USD Coin USDC stablecoin payments.Chinese government officials unveiled a new data exchange powered by blockchain technology with over 300 enterprises participating in the exchange’s debut. The Hangzhou Data Exchange will facilitate trading of enterprise information technology data, ensuring exchange trades are immutable and traceable.
| Information |
Details |
| Geography |
Asia |
| Countries |
🇺🇸 🇨🇳 |
| Sentiment |
neutral |
| Relevance Score |
9 |
| People |
Coinbase, Circle, Binance.US, Paysafe, Shopify, Solana, Alibaba Cloud, Huawei. |
| Companies |
Coinbase, Circle, Binance.US, MoonPay, Paysafe Payment Solutions, Single Euro Payments Area (SEPA), Tether (USDT), USD Coin USDC, Shopify, Solana Pay, Bonk (BONK), Alibaba Cloud, Huawei, Hangzhou Data Exchange |
| Currencies |
USDC, USDT, SOL, BONK, Bitcoin |
| Securities |
None |
