Financial

The Dubai Financial Services Authority (DFSA) approved USDC and EURC as recognized crypto tokens within the Dubai International Financial Centre.

A new report from the analytics firm says that sanctioned jurisdictions and groups were responsible for 39% of illicit crypto transactions last year.

The investment enables participation in Kinto’s mining program, which rewards asset deposits on the chain with token emission.

With picks at the banking agency and consumer watchdog, the field of major nominees is mostly complete, showing a deep roster of finance and federal know-how.

The new Treasury Department chief didn’t bring up crypto policy at his nomination hearing, but he’ll have enormous reach into topics vital to the industry.

Barr will continue to serve as a member of the Federal Reserve Board of Governors.

Tokenization of conventional financial products is a booming sector within the digital asset industry, with BlackRock, HSBC and now Lazard among the global firms entering the space.