Newsazenplay.comMastercard completed its acquisition of stablecoin payments company BVNK for up to $1.8 billion, according to the report. The deal is presented alongside wider moves by banks and payment companies to develop fiat-to-stablecoin settlement infrastructure.
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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.
UK payment infrastructure developments include the rollout of commercial variable recurring payments for selected low-risk payees. The report says open banking payments reached 351 million transactions after growing 57 percent, with broader subscription and bank-on-file use cases expected.
Speakers at G2E discussed why cryptocurrency adoption remains limited in regulated gaming despite stablecoin legislation and potential demand from bettors. The panel focused on regulatory uncertainty, banking relationships and the need for crypto payment interfaces to resemble conventional…