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Reflecting on 2024: A transformative year in payments regulation

The Payments Association

MiCA aims to establish a comprehensive and harmonised framework for crypto-assets across EU member states, enhancing investor protection and ensuring financial stability while fostering innovation within the crypto sector. In response to MiCA’s requirements, several crypto exchanges and service providers adjusted their offerings.

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European Central Bank sets out business model for digital euro

NFCW

TRANSACTION FEE: A step-by-step overview of the digital euro compensation model Payment service providers will be able to charge merchants a fee for enabling them to accept digital euro transactions, the European Central Bank (ECB) has revealed, but a cap will be placed on the amount that it will be possible for them to charge.

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Thailand to Test Crypto Payments for Tourists with Phuket Pilot Project

Fintech News

The trial will focus on enabling tourists to use their digital assets while adhering to the countrys existing legal frameworks. Pichai highlighted the growing global acceptance of Bitcoin, pointing to its capped supply of 21 million coins and market valuation exceeding US$2 trillion.

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Asia Moves to Regulate Stablecoins Amid Growing Adoption: Report

Fintech News

This stablecoin has a market capitalization of more than US$10 million, according to Coinmarket cap, and has seen over US$8 billion in transaction volume. Digital money-type stablecoins are pegged to legal fiat currencies and are treated as electronic payment instruments under the Payment Services Act, requiring issuance by licensed entities.