Author: CVJ.CH Content Partner BeInCrypto

At the last meeting of the G20 in Indonesia, the regulation of stablecoins and cross-border cooperation was discussed, among other topics.

After halted withdrawals and a lot of uncertainty for Celsius customers, the firm has officially filed for Chapter 11 bankruptcy in New York.

The stablecoin project Diem, which was originally founded by Facebook under the name Libra, is finally being shut down after years of efforts.

After the announcement of the possible insolvency of 3AC, partner firms such as Voyager Digital are also starting to crumble.

Russia is introducing a new payment system called CELLS, which is based on blockchain technology to replace SWIFT.

USDC issuer Circle Financial is launching its second stablecoin called Euro Coin (EUROC), fully regulated and backed by euros.

The execution of the merge on the Ropsten test network is one of the last steps before Ethereum’s final transition to proof-of-stake.

India is ramping up their efforts surround a digital rupee managed by the central bank (CBDC), which is planned to launch in 2022-23.

After the collapse of UST the prosecutor’s department in Korea is looking into charging the founder Do Kwon with running a Ponzi scheme.

The Treasury of the United Kingdom is open to regulating fiat-backed stablecoins for payments and wants them under the watch of the FCA.

A growing number of crypto firms are retreating from Singapore and leaving the region for the United Arab Emirates (UAE).

Fort Worth, Texas, is looking to gain a first-mover advantage as it sets up three computers to mine bitcoin in the city hall.

The International Monetary Fund (IMF) marks in its latest Global Financial Stability report that DeFi is a concern for global markets.

China’s leading tech company, Tencent, is nearing a full-scale launch of their digital Yuan wallet to integrate the CBDC into their services.

The U.S. government remains divided on the issue of stablecoin regulation, particularly the Democratic administration under Biden.

China is continuing to push for adoption of their CBDC, the digital yuan, with more regions to follow soon.