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Paxos set to withdraw from Canada amid regulatory uncertainty

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Paxos assured its customers that their funds would “remain safely” in their accounts, but advised users to withdraw all balances from their accounts at their earliest convenience.

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Coin Market

US regulators push user ID requirements for stablecoin issuers akin to regulated banks

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The proposed rules by US government agencies suggested that stablecoin issuers be subject to customer identification program requirements under the Bank Secrecy Act, the same as regulated financial firms.

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Coin Market

Bitcoin decouples from tech stocks: Is $60K BTC’s next stop?

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Bitcoin’s slump accelerated as capital rotated further into the AI sector, raising the odds of a BTC price drop below $60,000.

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Coin Market

Custodia, Vantage propose token that toggles between bank deposits and stablecoins

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The proposed system aims to connect traditional banking infrastructure with blockchain-based payment networks with banks retaining customer deposits.

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