● Chairman of the European Banking Authority: It is foreseeable that stablecoins will be used as a payment method, but they must comply with regulations
Jose Manuel Campa, chairman of the European Banking Authority (EBA), said that stablecoins will become more important as a payment method in the foreseeable future, just as private payment systems now supplement central bank funds, but they must comply with reasonable supervision, including respecting anti-money laundering laws. (CoinDesk)
● G7 finance ministers ask the international anti-money laundering organization FATF to strengthen supervision of cryptocurrency transactions between individuals
The finance ministers of the Group of Seven (G7) asked the International Anti-Money Laundering Regulatory Organization to review the regulatory provisions on crypto asset transactions between individuals. Currently, only transactions conducted through service providers such as crypto exchanges are regulated. Transactions between individuals may become a loophole for money laundering and economic sanctions, so measures to strengthen the supervision of crypto asset transactions between individuals will be explored. (Nikkei News)
● Bank for International Settlements releases CBDC offline payment usage guide
As part of Project Polaris, the BIS Innovation Hub Nordic Centre today released a comprehensive manual exploring how central bank digital currencies can be used for offline payment services. (Finextra)
● The plenary meeting of the Political Affairs Committee of the National Assembly of South Korea has passed the "Virtual Asset User Protection Act"
The Political Affairs Committee of the South Korean National Assembly has passed the "Virtual Asset User Protection Act" at a plenary session. It is reported that the bill focuses on protecting virtual asset users and restricting unfair transactions. It is the first legislation in the country targeting virtual assets. (News 1)
● Fed interest rate swaps increase forecasts for rate cuts starting in July
The Federal Reserve's interest rate swaps have increased their forecasts for rate cuts starting in July. (Jinshi)
● The Bank of England raised interest rates by 25 basis points to 4.5%
The Bank of England raised interest rates by 25 basis points to 4.5%, in line with market expectations. The interest rate reached the highest level since October 2008, and the cumulative interest rate increase has been 440 basis points since December 2021. (Jinshi)
● Data: The number of pending validators in the Ethereum beacon chain has reached 33,450, hitting a record high
According to data disclosed by 21Shares research analyst Tom Wan on Twitter, the number of pending validators on the Ethereum beacon chain has reached 33,450, a record high, indicating that a large number of users are trying to participate in staking.