Num Finance received $1.5 million in a pre-seed funding round in May and is now issuing stablecoins in the local currencies of Argentina, Peru and Colombia. Argentina-based Num Finance has gone live with a stablecoin pegged to the Colombian peso, the company announced Aug. 24 in an X post. The stablecoin — called nCOP —…
282 ViewsNirmala Sitharaman hopes that finance ministers and central bank governors will be able to agree on crypto regulations in the G-20 meeting in Bengaluru later this month. India’s Finance Minister, Nirmala Sitharaman, suggested that regulation “cannot be done” by a single country, it requires an international effort, in a recent television interview. Speaking to Rahul…
428 ViewsArgentina’s central bank (BCRA) has banned financial institutions from offering unregulated digital assets services. The move comes roughly a month after the International Monetary Fund (IMF) approved a $45 billion loan facility that required the country to discourage the use of cryptocurrencies. On May 5, BCRA announced that financial institutions cannot enable their clients to…
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