Cryptocurrency

Overlapping abstract arches representing conversion paths between local and dollar stablecoins

The IMF Says Local Stablecoins Could Make Dollarization Easier, Not Harder

The International Monetary Fund says domestic stablecoins meant to defend national currencies could end up doing the opposite, smoothing the path from local money into digital dollars rather than slowing it down. Crypto.news reported on Aug. 9 that First Deputy Managing Director Dan Katz sketched out that possibility during an Aug. 7 speech at the

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Five tall narrow rectangles of varying heights in deep green and warm sand tones representing cross-border transfer thresholds

Brazil’s Central Bank Just Told Crypto Exchanges to Delay Large Cross-Border Transfers. The Threshold Is $10,000.

Brazil’s central bank has ordered cryptocurrency exchanges operating in the country to delay large cross-border transfers as part of a new anti-fraud control, according to reporting from CoinDesk on August 7. The measure targets transfers exceeding $10,000 and is described as a temporary hold rather than an asset freeze. The directive is the latest move

Brazil’s Central Bank Just Told Crypto Exchanges to Delay Large Cross-Border Transfers. The Threshold Is $10,000. Read More »