Leading Islamic scholar Mufti Muhammad Taqi Usmani has issued a fatwa declaring the purchase, sale, and investment in cryptocurrencies to be haram (impermissible) under Islamic law. The ruling, released in June 2026 and circulated by Pakistani scholars affiliated with Darul Uloom Karachi, argues that cryptocurrencies, crypto tokens, and stablecoins such as USDT do not meet the Islamic definition of wealth (mal) or property, making transactions involving them religiously invalid. REGULATION | Religious Ruling Crashes with Pakistan’s Virtual Assets Act […]
Reviewed BitKE reporting on Payments matters for Stablecoin payments readers.
South Korean automaker, Hyundai, has become the first major company in the country to deploy stablecoin-based internal cross-border transfers marking another step in the growing use of blockchain technology for corporate treasury operations. The company said it has moved its cross-border remittance system into production using the Avalanche blockchain. REGULATION | South Korea Draft Bill to Classify Stablecoins as Foreign Exchange Payment Instruments In its first live transaction, Hyundai transferred $20,000 from its U.S. unit to its Mexican […]
Reviewed BitKE reporting on Payments matters for Cross-border payments and Stablecoin payments readers.
A rede de conveniência Lawson iniciará testes com pagamentos em stablecoins atreladas ao iene em Tóquio, enquanto a Netstars lança uma plataforma para comerciantes com suporte a USDC, USDT e JPYC.
Reviewed Cointelegraph Brasil reporting on Payments matters for Stablecoin payments readers.
Nigerian travel fintech, Timon, has expanded into Kenya after surpassing 100,000 users, alongside securing an undisclosed investment from crypto and Web3 accelerator, Alliance, as it bets on stablecoins to power cross-border travel payments across Africa. This Alliance DAO Nigerian Alumni Wants to Cut the Cost of Cross-Border Business Payments to as Little as 0.1% via Stablecoins The company said most of its growth has come through referrals and word of mouth, with Kenya emerging as one of its […]
Reviewed BitKE reporting on Payments matters for Cross-border payments and Stablecoin payments readers.
Federal Banking Regulators and FinCEN Propose New Customer Identification and BSA/Sanctions Compliance Standards for Payment Stablecoin Issuers Freshfields
Reviewed Freshfields reporting on Payments matters for Stablecoin payments readers.
TRON’s share of Tether’s USDT supply has surpassed $90 billion cementing its position as the largest blockchain for the world’s biggest stablecoin while processing approximately $4.2 trillion in USDT transfers so far in 2026, according to Token Terminal. The blockchain processes more than 12.7 million transactions daily, supports over 392 million user accounts, and facilitates an average of $23.8 billion in USDT transfers each day, underscoring its growing role as a settlement layer for dollar-backed stablecoins. 2025 RECAP | […]
Reviewed BitKE reporting on Payments matters for Stablecoin payments readers.
Reports of fintechs and financial institutions in Kenya restricting or blocking financial services among users is emerging following a recent review of the country by the Financial Action Task Force (FATF) which retained Kenya on its grey-list. Restrictions from compliant stablecoin service providers have also reportedly began. HuruPay, a stablecoin service provider with roots and presence in Kenya, has reportedly told its users that it will ‘no longer support USD banking services for customers in Kenya,’ thereby restricting ‘any payments […]
Reviewed BitKE reporting on Payments matters for Stablecoin payments readers.
eGhanaVisa.com Launches a Secure Digital Visa Assistance Platform, Introducing USDT Cryptocurrency Payments for Travelers Applying to Visit Ghana Macau Business
Reviewed Macau Business reporting on Payments matters for Stablecoin payments readers.
Um documento de trabalho do FMI afirma que as stablecoins em dólar podem melhorar o acesso a moeda estrangeira, mas também podem ajudar a coordenar a saída de moedas locais durante períodos de forte tensão cambial.
Reviewed Cointelegraph Brasil reporting on Payments matters for Stablecoin payments readers.