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PAXOS Trust’s move to halt issuing more of the Binance-branded stablecoin BUSD amid pressure from US regulators is trickling down into the world of decentralised finance.

BRITAIN on Tuesday (Feb 14) will set out draft legislation to regulate “buy now pay later” (BNPL) credit, saying the sector posed potential harm to consumers without thorough affordability checks.

JAPAN’S government is expected on Tuesday (Fri 14) to name academic Kazuo Ueda as its pick to become next central bank governor, a surprise choice that could heighten the chance of an end to its unpopular yield control policy.

MOST cryptocurrencies were lower, with the native token of the Binance exchange dropping the most since a November market meltdown, as the regulatory crackdown on the digital-asset sector heats up.

BEING the bridge between China and Asean is a key focus for Green Link Digital Bank (GLDB), said its chairman Geng Jing. GLDB is one of two wholesale digital banks in Singapore, the other being ANext Bank, which caters to commercial customers. GLDB focuses on small and medium-sized enterprises...

THE dollar was testing a five-week high versus major peers on Monday (Feb 13), particularly gaining against the rate-sensitive Japanese yen, as investors’ bet that the Federal Reserve will keep monetary policy tight for longer sent US yields higher.

THE US dollar tested a five-week high against major peers on Monday (Feb 13), particularly gaining against the rate-sensitive Japanese yen. This came as US yields were sent higher by investors’ bets that the Federal Reserve would keep monetary policy tight for longer.

NOW that traders have an idea of who will likely take over the Bank of Japan’s (BOJ) governorship, the focus will shift to global bond investors’ biggest worry: a wave of Japanese cash flowing out of international markets towards rising yields at home.

BINANCE, the world’s largest crypto exchange, said it’s been told by Paxos Trust that the latter has been directed to cease minting a Binance-branded token that ranks as the third-largest stablecoin.

JAPAN’S 10-year government bonds were untraded on Monday (Feb 13) as investors anticipated the next governor of the Bank of Japan may not be as hawkish as expected.