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At least 4 global companies, including Apple, X, Airbnb, and Google, are exploring stablecoin adoption for international payments to reduce fees. Fortune reported on the 6th that global companies are exploring stablecoin introduction after the recent passage of the stablecoin regulatory bill 'GENIUS Act' in the US Senate. Fortune reported that Google has already tested two stablecoin payment transactions, and companies like Apple, X, and Airbnb, which operate worldwide, will soon introduce cryptocurrency payments.
2. UK Financial Conduct Authority Considers Lifting Crypto ETN Trading Ban
The UK Financial Conduct Authority (FCA) is considering opening retail trading of cryptocurrency Exchange Traded Notes (ETNs) in the UK as part of market liberalization. According to a letter shared with CoinTelegraph on the 6th, the FCA announced that it will soon lift the existing ban on cryptocurrency ETNs while exploring the development of the UK's cryptocurrency market.
3. Singapore Monetary Authority Announces Prohibition of Crypto Services for Foreign Customers
On the 6th, the Monetary Authority of Singapore (MAS) officially announced that it will introduce a licensing system for companies providing cryptocurrency-related services only to foreign customers within the country. MAS pointed out the risks associated with foreign-only cryptocurrency service providers, such as money laundering, and stated that licenses will be granted only under very limited circumstances.
4. Winklevoss Gemini Attempts IPO in the United States
The cryptocurrency exchange Gemini, led by the Winklevoss brothers, submitted an initial public offering (IPO) application to the US Securities and Exchange Commission (SEC) on the 6th.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
