Newsazenplay.comVisa, Stripe and OKX are developing additional wallets, conversion services and settlement rails for stablecoin transactions. The infrastructure is intended to connect traditional payment systems with blockchain-based cross-border settlement.
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ESMA clarified that crypto-asset service providers may hold euro balances with non-bank payment service providers for no more than one business day. Firms using e-money or payment institutions for euro processing must transfer funds to a credit institution or avoid overnight balances.
A South African betting executive said crypto can facilitate access to offshore gambling but could also support stronger payment controls. Proposed measures include screening customers against social-grant and student-funding records, self-exclusion databases and recipient checks by regulated…
An interim final rule excludes certain products offered by state- or federally authorized gambling operators from the definition of a swap when they are not traded through specified market venues. The examples include sportsbook wagers and casino table, slot and electronic-game wagers.