Newsazenplay.comCiti and Coinbase announced products linking stablecoin payments with banking services. The offerings include dedicated payment accounts at Coinbase and stablecoin acceptance for Citi clients.
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Brite Payments launched a United Kingdom Pay by Bank service after receiving an FCA e-money licence. The provider said its API is connected to more than 3,800 banks across 27 markets.
India’s Enforcement Directorate is investigating fund transfers associated with betting applications. The reported inquiry focuses on how money moved through related accounts and payment channels.
The UK Financial Conduct Authority opened an authorisation gateway for cryptoasset firms, including stablecoin issuers. The proposed regime would bring stablecoins and related services within a framework aligned with regulated payment providers and electronic-money institutions.