South Korea’s 7-Eleven stores will accept payments in the country’s central bank digital currency (CBDC) until June, as the retailer participates in the test phase of its CBDC project. The convenience store chain will reportedly provide a 10% discount on all products paid for with CBDC during the test period. According to Moon Dae-woo, head of 7-Eleven’s…
Crypto markets dipped after US President Donald Trump’s declaration of a national emergency and sweeping tariffs on all countries as part of his latest salvo in the ongoing trade war. The Trump administration has hit all countries with a 10% tariff starting April 5, with some countries facing even larger rates, such as China facing a…
The US House Financial Services Committee has passed a Republican-backed stablecoin framework bill, which will now head to the House floor for a full vote. The Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act, with a 32-17 vote on April 2, with six Democrats voting in favor. The…