IMF’s Digital Currency Authority to Launch UMU for Cross-Border Settlements
The International Monetary Fund's Digital Currency Monetary Authority (DCMA) recently announced the forthcoming launch of the Unicion Universal Currency Unit (UMU). A digital currency that will be accepted as legal tender for cross-border settlements. UMU will be recognized by all settlement p ...
FDIC Denies Reports of Forcing Signature Buyers to Abandon Cryptocurrency Business
The FDIC, which is responsible for insuring bank deposits in the United States, has refuted recent claims that it is demanding prospective buyers of Signature Bank to completely relinquish the bank's cryptocurrency-related business. According to reports from Reuters, which relied on anonymous sou ...