Myanmar is set to launch its first institution operating solely on cryptocurrency, the Spring Development Bank, aiming to facilitate smoother cross-border transactions. Constructed on the Polygon network, this financial platform leverages blockchain technology for global accessibility, combating international transfer fees with the deployment of stablecoins.
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Crypto Regulatory Suspense: SEC’s Stance, Stakeholder Worries, and an Uncertain Future
“The U.S. House Financial Services Committee may subpoena the SEC over undisclosed documents related to FTX’s former CEO. The Committee claims the SEC’s lack of cooperation is compromising transparency and hindering digital asset ecosystem growth. This case demonstrates how regulatory bodies are scrutinizing the digital asset industry.”