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IMF, JPMorgan, Central Banks Contribute to Global Tokenized Asset Compliance Effort

Leading central banks, financial institutions, and blockchain firms contributed to the Global Layer One (GL1) white paper on programmable compliance, which outlines a compliance architecture for tokenized financial assets and regulated digital-asset transactions. Contributors include the IMF, Banque de France, J.P. Morgan’s Kinexys unit, and the Monetary Authority of Singapore. Global Institutions Publish Tokenized Asset […]

Bitcoin.com NewsBitcoin.com NewsKevin Helms23 Jun

IMF Warns Nigeria’s Stablecoin Boom Could Weaken Local Currency Demand

The IMF reports that Nigeria captured 60% of all stablecoin traffic in sub-Saharan Africa as users seek alternatives to traditional banking. IMF: Stablecoins Transform From Niche Market to Major Payment Route Nigerians are increasingly turning to U.S. dollar-pegged stablecoins to move money across borders as small businesses and households search for cheaper and faster alternatives […]

Bitcoin.com NewsBitcoin.com NewsTerence Zimwara18 Jun