Japan’s SMBC has approximately £100 million in exposure to the failed lender MFS. This situation comes as failed lenders like MFS are causing banks to reevaluate their counterparty risks in cross-border operations, highlighting the vulnerabilities present in the significant international lending portfolios maintained by major Japanese banks.
The SEC is asserting its position on tokenization, indicating that it will treat tokenized assets as securities if they meet the criteria of investment contracts. This move aligns with the SEC’s current guidance aimed at […]
The UK is finalizing stablecoin regulations that could hinder its competitiveness in the global digital economy, particularly due to a proposed cap on stablecoin holdings for individuals and businesses from the Bank of England. Advocates […]
Nasdaq is set to launch ‘Outcome Related Options,’ binary yes-or-no contracts based on live event outcomes related to the Nasdaq-100 Index, marking its entry into the prediction markets space. This move aligns Nasdaq with emerging […]