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The authorities cited the growing attention on stablecoins as a key hook used by illegal entities to lure individuals into investment scams.
Setting the new limit can improve Ethereum's resilience against DoS attacks and improve its overall stability, the proposal said.
The Tokyo-listed investment firm remains the world's fifth-largest publicly listed corporate holder of bitcoin.
Christopher Hui, Secretary for Financial Services and the Treasury, told local newspaper that the region may issue stablecoin licenses this year but the number is likely to remain 'in the single digits.'
One analyst said Trump's new trade negotiation date of Aug. 1 eased worries of incoming volatility.
The America Party's launch follows Elon Musk's highly publicized dispute with former close-ally Donald Trump over the $3.4 trillion budget bill.
LetsBONK became the first Solana memecoin launchpad to dethrone Pump.fun since the latter platform launched in January, 2024.
The founder of Peravel, the program's partner, told The Block applicants do not have to qualify by meeting typical Golden Visa requirements.
Much of the $400 million in recovered funds sit on a single cold-storage wallet, according to the Bloomberg report.
As public companies and retail investors add BTC to their treasuries and portfolios, Bitcoin's volatility is approaching two-year lows.