AGP Executive Report
Last update: an hour agoStablecoin Payments: PPRO is expanding its partnership with Damisa, using regulated stablecoins for same-day cross-border settlement after an initial rollout in Latin America. Cybersecurity: South Korea plans tougher defenses after finding weaknesses at 130 financial firms; recent attacks affected 16 businesses and exposed about 100,000 records. Ledger is also reviewing its supply chain after tampered devices were linked to reported losses above $86 million. Market Pressure: Bitcoin fell below $81,000 as hotter U.S. inflation stoked fears of delayed rate cuts, with analysts warning of further downside. Regulation: EU regulators placed Circle’s USDC under heightened MiCA supervision. Russia says peer-to-peer crypto transfers will be prohibited from July 2027 as licensed exchanges enter the market. France is also weighing a 31.4% tax on some crypto-to-stablecoin swaps from 2027. Banking Push: Payward, Kraken’s parent, agreed to buy Lithuania’s Saldo Bank, a move that could deepen its European banking presence.
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