Visa expands stablecoin settlement to CEMEA, China reaffirms crypto ban, UK mandates crypto reporting | Weekly Recap
NeutralCryptocurrency
- Visa has partnered with Aquanow to expand stablecoin settlement across the CEMEA region, aiming to enhance transaction efficiency and reduce costs associated with cross-border payments. This initiative reflects Visa's ongoing commitment to integrating digital currencies into its operations.
- The collaboration with Aquanow is significant for Visa as it positions the company to capitalize on the growing demand for stablecoin transactions, potentially increasing its market share in the evolving cryptocurrency landscape.
- This development occurs against a backdrop of increasing regulatory scrutiny in the cryptocurrency sector, particularly in the UK, where new reporting requirements for crypto transactions are being implemented, highlighting a global trend towards tighter oversight of digital assets.
— via World Pulse Now AI Editorial System
