Latest FinTech & Blockchain News
U.S. fintechs launch new stablecoin payment products
A major U.S. payments and fintech company announced contactless stablecoin payments through its Tap to Pay SDK, letting users pay merchants from crypto wallet apps. The same roundup says a major U.S. exchange is preparing a Custom Stablecoins product for businesses, with 1:1 collateral backing and custody handled by the exchange.
Anchorage Digital and Grupo Salinas target cross-border settlement with stablecoins
Anchorage Digital and Grupo Salinas announced a partnership to modernize cross-border settlement using federally issued stablecoins. The collaboration centers on Anchorage Digitalâs Stablecoin Solutions for Banks, aimed at giving international financial institutions compliant U.S. dollar settlement rails.
BitLicense granted to major U.S. financial services and payments firm
A major U.S. financial services company and one of the worldâs largest payment card networks reportedly received a BitLicense from the New York State Department of Financial Services. That approval strengthens its ability to operate digital-asset services in New Yorkâs tightly regulated crypto market.
Major derivatives venue plans Nasdaq CME Crypto Index futures
A major global derivatives marketplace announced plans to launch a Nasdaq CME Crypto Index futures product on June 8, pending regulatory review. If approved, the contract would add another institutional crypto-linked derivative to the market.
Major U.S. bank launches second tokenized money market fund on Ethereum
A major U.S. bank launched its second tokenized money market fund for U.S. investors on the public Ethereum blockchain. The fund is described as a U.S.-registered government money market fund designed to support stablecoin issuers under the GENIUS Act.
FDIC moves to set compliance standards for permitted payment stablecoin issuers
The FDIC board approved a proposed rule to establish Bank Secrecy Act and sanctions-compliance standards for FDIC-supervised permitted payment stablecoin issuers. The proposal is intended to implement parts of the GENIUS Act for issuers that are subsidiaries of insured state nonmember banks and state savings associations.
CFTC escalates fight over prediction-market regulation
The CFTC intervened in federal court to block Rhode Island from applying gambling laws to CFTC-registered contract markets. The agencyâs move is part of a broader push to assert federal primacy over prediction markets.
Spain and Indonesia intensify pressure on prediction-market platforms
Spainâs gambling regulator opened sanctioning proceedings against Polymarket and Kalshi and ordered their websites blocked, while Indonesiaâs Komdigi also blocked Polymarket. Both actions treated prediction markets as gambling or money-based wagers, even when blockchain or crypto assets are involved.
Tennessee enacts tax on international money transmissions
Tennessee enacted HB 2502, making certain money transmissions from Tennessee to locations outside the U.S. taxable for licensed money transmitters. The law imposes a $10 per transaction charge plus 2% on amounts above $500, excluding some financial institutions.
Fed proposes new âpayment accountâ for settlement use
The Federal Reserve requested public comment on a proposal to create a legally eligible âpayment accountâ for clearing and settling payments. The move would give certain financial institutions a dedicated account structure for payment settlement activity.
Block and other fintech firms expand stablecoin acceptance tools
A June 2 broadcast reported that Block launched âFirebug Flow,â a product designed to help payment companies, merchants, and fintech firms accept stablecoins more simply. The segment framed it as part of a broader industry push to streamline merchant stablecoin acceptance.