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July 4, 2024 Tóth Balázs
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Russian Government Considers Legalizing Stablecoins

The Central Bank of the Russian Federation (CBR) is actively discussing proposals that would allow for the official legalization of stablecoins for international transactions, aiming to simplify international payments for Russian companies. The focus is primarily on regulating the entire transaction chain, establishing a permanent regulatory framework rather than a temporary experiment.

Opera Mini Supports USDT and USDC

The technology conglomerate Opera has integrated the two largest stablecoins, USDT and USDC, into the crypto wallet of its Opera Mini mobile browser. The MiniPay stablecoin-based custodial wallet, Pockets, now allows for easy exchange and payment between Celo dollars (cUSD) and other stablecoins. Since MiniPay’s launch last year, more than three million wallets have been activated, with the application being particularly popular in Africa.

South Korea to Monitor Crypto Frauds

South Korea’s financial regulator, in collaboration with local crypto trading platforms, has established a 24-hour surveillance system to detect suspicious activities and abnormal transactions in the crypto market. The new system will be implemented on July 19, alongside nationwide regulations aimed at protecting crypto investors.
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