BitcoinWorld Crucial Stablecoin Regulation: Fed Governor Waller Sees a Good Starting Point The world of digital finance is constantly evolving, and at its heart are discussions around how to ensure stability and trust. Recently, Federal Reserve Governor Christopher Waller, a key voice in financial policy, offered a significant perspective on the future of cryptocurrencies, specifically concerning stablecoin regulation . He described a proposed U.S. stablecoin bill, known as the GENIUS Act, as a “good starting point.” This sentiment signals a positive, albeit incremental, path forward for digital assets in the mainstream financial system. Why is Effective Stablecoin Regulation So Important Right Now? You might be wondering, what exactly are stablecoins, and why do regulators like Governor Waller care so much about them? Stablecoins are a type of cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like the U.S. dollar. This stability makes them a crucial bridge between the volatile crypto market and traditional finance. However, their growing popularity also brings potential risks. If a stablecoin were to lose its peg or face a significant liquidity crisis, it could have broader implications for the financial system. Therefore, clear and robust stablecoin regulation is seen as essential for protecting consumers, preventing illicit activities, and ensuring overall financial stability. What Does “Good Starting Point” Really Mean for Stablecoins? When Governor Waller stated the GENIUS Act is a “good starting point,” he implied that while the current proposal is a strong foundation, it’s likely not the final word on the matter. This perspective suggests an adaptive and evolving approach to policy-making. Regulators understand that the digital asset space is dynamic, and legislation needs to be flexible enough to address future innovations and challenges. Here are some key aspects of this incremental approach: Building Consensus: It allows various stakeholders – from lawmakers to industry experts – to refine the rules. Learning and Adapting: As the market matures, regulations can be updated to reflect new realities. Ensuring Robustness: Incremental steps help create comprehensive and resilient regulatory frameworks. This careful consideration aims to foster innovation while mitigating risks, a delicate balance in the rapidly advancing crypto sector. The goal is to ensure that stablecoin regulation supports growth rather than stifles it. Navigating the Challenges of Effective Stablecoin Regulation While the prospect of clearer stablecoin regulation is generally welcomed, crafting effective policy is not without its hurdles. One major challenge involves balancing strict oversight with the need to allow for technological innovation. Overly restrictive rules could push development offshore or stifle the very benefits stablecoins can offer, such as faster, cheaper payments. Other challenges include: Jurisdictional Issues: Cryptocurrencies operate globally, making it complex to enforce national regulations. Defining Scope: Deciding which entities fall under which regulatory umbrella (e.g., banks, money transmitters). Technological Nuances: Understanding the underlying blockchain technology to create appropriate rules. Addressing these complexities requires ongoing dialogue and collaboration between regulators, industry leaders, and technical experts. The aim is to create a regulatory environment that promotes safety and soundness without hindering progress. Governor Waller’s comments underscore a measured and pragmatic approach by the Federal Reserve. It signals that policymakers are actively engaged in understanding and shaping the future of digital currencies. This ongoing effort to establish clear stablecoin regulation is vital for the broader acceptance and integration of digital assets into the global financial ecosystem. As these issues are addressed incrementally, we can anticipate a more defined and secure landscape for stablecoins. Frequently Asked Questions (FAQs) What exactly are stablecoins? Stablecoins are cryptocurrencies designed to minimize price volatility. They achieve this by pegging their value to a stable asset, such as the U.S. dollar, gold, or other fiat currencies, often through reserves. Why is the Federal Reserve interested in stablecoin regulation? The Federal Reserve is concerned about financial stability and consumer protection. As stablecoins grow in popularity and usage, they could pose systemic risks if not properly regulated, similar to traditional financial instruments. What is the GENIUS Act? The GENIUS Act is a proposed piece of U.S. legislation aimed at creating a regulatory framework specifically for stablecoins. It seeks to define stablecoins, establish oversight, and ensure their stability and transparency. How might stablecoin regulation affect me as a crypto user? Effective stablecoin regulation could lead to increased trust and security when using stablecoins. It might also introduce new requirements for stablecoin issuers, potentially affecting how you acquire or redeem them, but ultimately aiming for a safer environment. What are the next steps for stablecoin regulation in the U.S.? Following discussions like Governor Waller’s, the GENIUS Act or similar proposals will likely undergo further debate and amendments in Congress. The process typically involves legislative review, committee hearings, and potential votes, leading to the eventual establishment of new laws or guidelines. Did you find this article insightful? Share it with your friends and colleagues to keep the conversation going about the future of digital finance and stablecoin regulation ! To learn more about the latest crypto market trends, explore our article on key developments shaping the crypto market’s institutional adoption. This post Crucial Stablecoin Regulation: Fed Governor Waller Sees a Good Starting Point first appeared on BitcoinWorld and is written by Editorial Team
As Q4 2025 unfolds, the crypto market is buzzing with major developments that are drawing the attention of retail and institutional investors alike. Solana and XRP have both made headlines with game-changing progress, but what’s really catching investor eyes right now is a brand-new meme coin presale — MAGACOIN FINANCE . Memecoins have consistently proven their ability to generate explosive gains when backed by strong communities and viral narratives. With Solana showing massive ecosystem growth and XRP finally securing long-awaited regulatory clarity, MAGACOIN FINANCE emerges as the best crypto presale set to ride the wave of retail excitement. Solana: Strength in DeFi, Institutions, and Memecoins Solana (SOL) has maintained its reputation as one of the most powerful blockchain ecosystems. Currently trading between $186–$202 , SOL is testing the critical $200 level after pulling back from resistance near $213–$215. According to analysts, the area from $210 to $220 will be the next important level that the price will break through, and it could reach the range of $250 to $270 if the rate of movement gets higher.4 What’s fueling this momentum? DeFi Expansion: Solana’s DeFi TVL has soared to $11.3 billion , marking a 30% quarterly increase and positioning Solana as the second-largest DeFi chain after Ethereum. Kamino Finance alone contributed nearly $2 billion in locked value. Institutional Demand: Major players like Pantera Capital, Galaxy Digital, and Jump Crypto are raising over $2 billion combined for Solana treasury funds. This level of institutional backing cements Solana’s credibility. ETF & Regulatory Progress: With a Solana ETF decision due by October 16, 2025 , confidence for approval stands at 95%. The REX Shares Solana Staking ETF has already surpassed $150 million AUM , reflecting strong demand. Memecoin Ecosystem: Solana continues to dominate memecoin activity, with projects like Pudgy Penguins (PENGU) and Dogwifhat (WIF) leading multibillion-dollar markets. Solana’s combination of scalability, institutional adoption, and memecoin culture makes it a strong growth leader in Q4. XRP: Regulatory Clarity and Institutional Breakthroughs For XRP, 2025 will be remembered as the year of ultimate clarity. On August 8, 2025 , Ripple and the SEC officially ended their long-running lawsuit, confirming XRP is not a security in secondary market transactions. This ruling immediately boosted institutional confidence, putting XRP in the same legal category as Bitcoin and Ethereum. Key bullish developments for XRP include: ETF Applications: Seven major asset managers, including Grayscale and Franklin Templeton, updated their XRP ETF filings on August 22, 2025 . Analysts believe approval odds are now above 95%, with mid-October as the decision deadline. Price Growth: XRP is currently trading near $2.93–$2.95 , up almost 400% YTD from Q4 2024 lows. Analysts project year-end targets of $3.70–$5.50 . Utility Expansion: Ripple’s On-Demand Liquidity (ODL) service is processing $15 billion annually , while the new Gemini XRP Credit Card offers up to 4% cashback in XRP. Ripple’s RLUSD stablecoin is also gaining traction globally, particularly in Japan. With legal clarity, ETF momentum, and real-world utility , XRP is entering a golden era of growth and adoption. MAGACOIN FINANCE: The Meme Coin That Could Outshine Them All While Solana and XRP continue to dominate institutional headlines, MAGACOIN FINANCE is making waves in the retail sector. Riding on the unstoppable force of memecoins, MAGACOIN FINANCE combines viral community culture with real DeFi utility — a powerful formula for exponential growth. Like DOGE and SHIB in past cycles, MAGACOIN FINANCE is building a grassroots movement with strong meme energy designed to attract retail attention.This makes MAGA the best crypto presale for long-term holders. MAGACOIN FINANCE successfully completed a full smart contract audit by HashEx, passing with no problems. This clear approval has boosted investor confidence, showing that the project is safe and reliable. With strong foundations in place, the audit adds another layer of trust to MAGACOIN FINANCE’s growing reputation. With Solana leading memecoin trading activity and XRP unlocking new liquidity via ETFs, the timing couldn’t be better for a fresh meme coin narrative. Traders have also started adopting the PATRIOT50X code as a way to secure a 50% bonus. If history repeats itself, MAGACOIN FINANCE could be the next skyrocketing token that defines Q4 2025’s retail bull run. Why MAGACOIN FINANCE Is One of the Best Crypto Presales to Buy in 2025 MAGACOIN FINANCE is gaining recognition as one of the best crypto presales to buy in 2025 thanks to its focus on long-term investor safety and transparency . The project’s smart contract has been audited by Hashex , reinforcing trust in its code and structure. Combined with a fully KYC-verified team and growing investor traction, MAGACOIN FINANCE is not just trending — it’s being built to last. Final Thoughts: Best Crypto Presale to Watch The cryptocurrency environment in the 4th quarter of 2025 has a multitude of opportunities to explore: Solana is positioned for further institutional adoption and DeFi growth. XRP has finally achieved clarity, unlocking massive institutional inflows. MAGACOIN FINANCE stands at the intersection of meme power and early presale hype — giving investors a shot at outsized gains. With Solana and XRP paving the way for mainstream adoption, the MAGACOIN FINANCE presale represents the most exciting entry point for investors who want exposure to the next big meme coin success story. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Top Crypto Presales to Watch for Q4 2025 — XRP, Solana & New Meme Coin Fuel Investor Excitement
According to The Block, the Ethereum liquidity restaking ecosystem has experienced accelerated adoption, with aggregated TVL reaching $30 billion across platforms. Institutional and professional validators are reallocating ETH from traditional
Bitcoin is holding above $112,000 as blockchain adoption grows in traditional markets. The US Department of Commerce announced that Chainlink (LINK) and Pyth (PYTH) will provide official US economic data like GDP and PCE Price Index directly onchain. Pyth will provide 5 years of historical GDP data and Chainlink will provide 6 macroeconomic indicators across multiple chains including Ethereum and Avalanche. This will increase transparency and open up new opportunities in risk management, lending, DeFi and prediction markets. We're excited to announce that Chainlink and the United States Department of Commerce ( @CommerceGov ) have worked together to bring U.S. government macroeconomic data onchain. https://t.co/qHIw8DyEgX These new Chainlink Data Feeds securely deliver critical information around key… — Chainlink (@chainlink) August 28, 2025 This has boosted confidence in Bitcoin as traders see it as another step towards institutions getting closer to crypto. El Salvador’s $1B Bitcoin Target El Salvador’s Bitcoin bet is back in the spotlight. President Nayib Bukele shared market predictions that the country’s BTC holdings could reach $1B by the end of 2025. Currently, El Salvador holds 6,282 BTC, worth over $709 million. Prediction markets reacted quickly: Kalshi odds of hitting $1 billion before November surged from 20% to 38% before settling at 27%, while Polymarket showed 43% odds of the milestone by December 2025. BULLISH: President Bukele teased on X about pushing El Salvador’s $BTC stash to $1B. pic.twitter.com/JgWHUm9415 — Cointelegraph (@Cointelegraph) August 28, 2025 Despite reports that BTC purchases slowed after a $1.4 billion IMF loan, Bukele confirmed acquisitions remain ongoing. Traders see the sovereign bet as a signal of institutional confidence, helping Bitcoin maintain momentum above $112,000. Key takeaways: El Salvador holds 6,282 BTC (~$709M). Odds of reaching $1B BTC holdings in 2025 rose sharply. Market optimism strengthened BTC support above $112K. Trump-Backed Bitcoin Miner Joins Nasdaq Adding fuel to Bitcoin’s adoption story, American Bitcoin , a mining firm backed by Eric and Donald Trump Jr., will list on Nasdaq this September through a merger with Gryphon Digital Mining. The all-stock deal gives Hut 8 an 80% stake, while the Trump brothers and partners will control about 98% of the new entity. With backing from the Winklevoss twins, the firm is exploring mining expansion in Hong Kong and Japan. NEW: American Bitcoin, backed by Eric Trump, Donald Trump Jr, and Hut 8, is set to go public on Nasdaq via merger with Gryphon Digital Mining. The new entity will trade under ABTC in early September, with Trump brothers and Hut 8 owning 98%. pic.twitter.com/MJLSQX05N3 — Satoshi Club (@esatoshiclub) August 28, 2025 For traders, the listing signals that Bitcoin’s influence is reaching deeper into politics and Wall Street, reinforcing institutional momentum at a time when BTC is pressing against key resistance. Bitcoin Price Forecast – Technical Outlook Bitcoin trades near $112,300, testing the upper boundary of a descending channel. Resistance looms at $116,850, a level that has capped rallies since August. A breakout could unlock $120,900–$124,450. Momentum is firming. The RSI is at 55, recovering from oversold territory, while the MACD has turned bullish. Long lower wicks near $111,000 suggest dip buyers remain active, weakening bearish conviction. Bitcoin Price Chart – Source: Tradingview If BTC fails to stay above the 50-SMA at $111,563, downside risks extend toward $108,695 and $105,150. However, a confirmed breakout above $116,850 with strong volume would mark the first clean trend reversal in weeks. For traders, the playbook is clear: aggressive bulls may target $120K-$124K, cautious investors may wait for confirmation. With ETF inflows back and institutional backing growing, Bitcoin’s structure is tightening up and a breakout is near – one that could propel the long term run to $130K and beyond. Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its goal is to expand the Bitcoin ecosystem by enabling lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation. By combining Bitcoin’s unmatched security with Solana’s high-performance framework, the project opens the door to entirely new use cases, including seamless BTC bridging and scalable dApp development. The team has put strong emphasis on trust and scalability, with the project audited by Consult to give investors confidence in its foundations. Momentum is building quickly. The presale has already crossed $12.5 million, leaving only a limited allocation still available. At today’s stage, HYPER tokens are priced at just $0.012815—but that figure will increase as the presale progresses. You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card. Click Here to Participate in the Presale The post Bitcoin Price Prediction: $1B Bets & Nasdaq Debut Fuel BTC’s Path to $130K appeared first on Cryptonews .
MEI Pharma’s stock jumped in mid-July. It wasn’t because of a new cancer drug. The company said it would buy $100 million of Litecoin for its cash reserves. After that, the share price went from $3 to almost $7. What was odd is that the stock had already risen in the days before the news, even though there were no SEC filings, no press releases, and little social media talk. Other small-cap names also posted sharp gains shortly before unveiling plans to hold crypto in corporate treasuries, a pattern that raises the possibility that some market participants traded on information that wasn’t public. Today’s “crypto treasury” wave traces back to billionaire Michael Saylor. In 2020, the founder and chairman of Strategy, formerly called MicroStrategy, announced the software company would hold Bitcoin as a reserve asset. Investors began to treat the shares as a stand-in for Bitcoin’s price. Imitators soon emerged. A budget hotel operator in Japan started buying Bitcoin in 2024, and others followed. The pace accelerated this year. Since January, 184 listed companies have disclosed crypto purchases totaling almost $132 billion, according to Architect Partners, a crypto M&A advisory and financing firm. “We’ve kind of hit this point of saturation,” said Louis Camhi in a Fortune’s report .He added that investors are now watching to see whether those positions generate returns. Not all of the gains appear to be going to retail traders In several cases, stocks jumped just ahead of announcements. SharpLink , a marketing firm serving sportsbooks and casinos, traded under $3 through April and early May. On May 27, it said it would add $425 million in Ethereum, sending the shares to nearly $36. Yet in the three trading days before that news, the stock doubled from $3 to $6 despite no filings or press releases. U.S. rules governing “material non-public information” require tight controls . Outsiders granted access to sensitive details are typically “wall-crossed” and logged so regulators can trace who knew what. While crypto treasury deals can take months to assemble, the final marketing push often happens just before the announcement through brief investor roadshows. SharpLink met with investors across three days ahead of its shift; those same days coincided with the stock’s move. Mill City’s two-day outreach lined up with its jump as well. Insider-trading prohibitions cover more than corporate officers; they also extend to anyone who trades after receiving material tips, said Elisha Kobre, a partner at Sheppard Mullin and a former federal prosecutor in the Southern District of New York. Who is benefiting remains unclear A handful of executives filed notices of grants or purchases before pivots, but most did not sell, SEC records show. Companies are trying to tighten processes to stop leaks. “It’s a bad look for everyone here,” said Camhi, urging quick fixes. Mackintosh said his team shortened investor outreach on a separate transaction to two trading days. Some firms went further. In late July, CEA Industries said it raised $500 million to hold BNB. To reduce pre-announcement trading, dealmakers withheld the company’s ticker during outreach and disclosed it to investors only on Friday night after markets closed on July 25, said CEO David Namdar. The company, now called BNB Network Company, aimed “to minimize the risk of leaks or volatility” before releasing news the following Monday. A week later, Verb Technology revealed a $558 million raise to hold TON and used the same approach, keeping its ticker back until after the Friday close, according to an investor who asked not to be named. Even with those steps, the stock rose nearly 60% in the four hours before the Monday announcement went live. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
On August 29, COINOTAG reported that 21Shares has filed an S-1 Registration Statement with the U.S. Securities and Exchange Commission (SEC) for a proposed SEI ETF, with the prospectus indicating
Beijing has unveiled its most aggressive artificial intelligence targets yet, aiming for near-universal adoption within a decade.
Falcon Finance has launched an onchain insurance fund with an initial $10 million contribution to enhance risk management and protect users of its USDf stablecoin ecosystem. $10M Backstop: Falcon Finance Establishes Onchain Safeguard According to the release shared with Bitcoin.com News, Falcon Finance has established an onchain insurance fund, seeding it with an initial $10
Crypto analysts have pointed to both Pepeto and Pepe Dollar ($PEPD) as strong players in the ongoing presale token market. Their reasoning highlights why investors are showing interest in these two projects. Pepeto is seen as a secure and transparent option backed by strong audits and community support. Meanwhile, Pepe Dollar is gaining recognition as a utility-focused meme project that blends culture with financial tools. Together, they demonstrate how token presales are evolving beyond hype, delivering platforms that can attract both enthusiasts and long-term users. For those exploring crypto presales in 2025, Pepeto and Pepe Dollar represent two of the top opportunities. Pepe Dollar ($PEPD) Brings Purpose to Meme Economy Projects Pepe Dollar ($PEPD) has entered the crypto presales space as a new crypto token presale offering both cultural influence and financial utility. Unlike earlier meme coins, PEPD is built with functional ecosystems in mind. The token integrates DeFi and GameFi, allowing users to participate in decentralized finance activities and earn through play-to-earn models. It also includes a no-code feature that enables people to create their own meme tokens, making participation more accessible. With a total supply fixed at 3.695 billion tokens, scarcity is maintained through a burn mechanism that gradually reduces circulating supply. This approach reflects the project’s aim to balance community fun with sustainable economics. Positioned on several crypto presale lists, Pepe Dollar ($PEPD) is being recognized as one of the best crypto presales to buy right now. Its design shows how pre-sale cryptocurrency projects can merge entertainment with genuine blockchain use cases. Pepeto Token Represents Trust and Transparency in Crypto The $PEPETO token has built its identity on fairness and reliability. Inspired by the god of frogs, it emphasizes wisdom, unity, and strength within the community. One of its key advantages is transparency. Pepeto has undergone full audits, with its smart contract code openly available for anyone to examine. This gives users confidence in both the token’s integrity and its long-term sustainability. Currently, Pepeto has raised more than $6.4 million during its presale crypto stage, reflecting strong engagement from the community. By combining security with a clear vision, Pepeto continues to position itself as one of the top crypto presales available today. Crypto Presale Momentum Keeps Growing with Pepe Dollar ($PEPD) The growing interest in presale crypto tokens shows the wider shift happening in the digital asset world. With cryptocurrency presales shaping new communities, investors are paying attention to projects that deliver substance alongside branding. Pepe Dollar ($PEPD) has positioned itself among the top crypto presales through its blend of cultural relevance and practical application. At the same time, Pepeto continues to hold its ground as a transparent and trustworthy project. This combination reflects how presale crypto projects can shape the future of decentralized ecosystems. For many, Pepe Dollar ($PEPD) and Pepeto stand as leading examples in the ongoing wave of crypto presales 2025. Pepe Dollar Website: https://pepedollar.io/ Pepe Dollar Telegram: https://t.me/pepedollarcommunity
The Governor of the South Korean Central Bank says Seoul is planning to use its Central Bank Digital Currency (CBDC) to pay over 110 trillion won ($79.3 billion) in government subsidies. The South Korean newspaper Hankook Ilbo reported that the Bank of Korea (BOK) chief Rhee Chang-yong said the payments would be made as part of a new “digital currency pilot project.” Rhee was speaking during a press conference held in central Seoul on August 28 following a Monetary Policy Committee meeting earlier in the day. South Korean CBDC: Back From the Dead? The move has come as something of a surprise in Seoul. The BOK announced in late June this year that it was putting CBDC testing on hold in favor of developing stablecoin -powered alternatives. Rhee said the subsidy move was part of the greater Han River Project, the country’s wider CBDC pilot. The Bank of Korea’s offices in Gwangju. (Source: Neoalpha) The media outlet said that the new CBDC move was the brainchild of the Ministry of Strategy and Finance. The ministry thinks that CBDC-powered subsidies will help prevent fraudulent use and improve fiscal policy efficiency. Rhee explained: “This is part of the second Han River Project pilot. Using digital fiat to pay subsidies will let principal contractors better manage subsidies when entering into agreements with subcontractors.” The BOK and the ministry plan to issue contractors with CBDC tokens instead of bank transfers or vouchers. The parties think that blockchain technology will help trace funds and ensure they are not being misused. Rhee added: “During his recent visit to the BOK, Koo Yun-cheol, the Deputy Prime Minister and Minister of Strategy and Finance, said he thinks this will increase the efficiency and transparency of subsidy payments.” On August 22, Deputy Prime Minister Koo Yun Cheol attended the joint ministerial briefing on the new government’s economic growth strategy and delivered a statement at the Government Complex Seoul. pic.twitter.com/RfSVzp8o0n — MOEF – Korea (@moefkorea_eng) August 22, 2025 We Only Want to Work with Banks That Favor CBDC Biz, Says BOK The BOK was keen to point out that the new project would differ from the “first” pilot, which wrapped up in the first half of this year. While the first pilot focused largely on commercial banks and their customers, the subsidy-focused pilot will be private sector-led. Many of the banks that took part in the first pilot expressed their displeasure with CBDC launch plans. They complained that they thought it unfair that they should shoulder the burden of making infrastructure investment costs. But Rhee left the door open to the banking sector, suggesting the BOK is happy to partner with lenders who are still keen on CBDC business. The Governor said: “Considering the scale of the project, at 110 trillion won, I believe this be attractive for banks. We plan to focus on working with banks with a strong willingness to invest [in the project].” The South Korean won strengthened after Bank of Korea Governor defended its foreign exchange interventions as efforts to stem the decline and said it is part of talks with the US government https://t.co/jUTgYGUiNh — Bloomberg (@business) August 28, 2025 ‘Accelerated’ Plans Rhee also suggested that Seoul’s stablecoin pivot has not sounded the death knell for the BOK’s CBDC plans. Indeed, the Governor explained that once lawmakers have finalized the creation of new crypto and stablecoin legislation, the BOK plans to “accelerate” the Han River Project. Rhee said: “We have discussed upcoming [crypto and stablecoin] legislation with the ministry. The BOK has also exchanged practical opinions with the [regulatory] Financial Services Commission. We hope that the BOK’s views will be well-reflected in these deliberations.” The BOK has previously said that it wants to see a phased CBDC and stablecoin adaptation process. It wants this to begin with traditional financial institutions, such as banks. Institutions like these are that are subject to strict BOK supervision, Hankook Ilbo remarked. South Korean financial and crypto chiefs are growing restless, however. They have complained that progress on stablecoin legislation has “slowed to a standstill.” This is because lawmakers cannot agree on the matter of whether or not tech firms should be allowed to issue KRW-pegged stablecoins. Conservative voices have urged Seoul to restrict issuance to the commercial banking sector. But progressive opponents say such a move would stifle innovation. The post South Korean Central Bank Wants to Use CBDC to Pay $79.3B Worth of Gov’t Subsidies appeared first on Cryptonews .