Shanghai court jails five over $29M crypto forex scheme
The prison terms land as China continues to treat crypto-facilitated cross-border yuan conversion as a parallel forex market operating outside SAFE's oversight.
Every Zipp story tagged #CrossBorder, newest first.
The prison terms land as China continues to treat crypto-facilitated cross-border yuan conversion as a parallel forex market operating outside SAFE's oversight.
The 30-year term closes a US fraud case that ran parallel to his asylum-driven exile from Beijing, with prosecutors tying the crypto scheme to broader financial misconduct.
Project Pangea cuts FX settlement from T+2 to near-instant by letting European and Korean banks stay on Swift while swapping euro- and won-pegged stablecoins atomically on a neutral L1 ledger.
Corpay becomes the latest payments incumbent to bolt stablecoin rails onto its platform — joining Stripe, Worldpay and Mastercard (which is buying BVNK for $1.8B) in betting that 24/7 settlement…
The 200-country remittance giant just chose Solana for its US bank-issued dollar — not for retail, but to settle and clear across its own agent network, with consumer payouts following in 2026.
The largest US remittance operator putting a federally-issued stablecoin on a public L1 is the legitimizing event Solana's payments thesis has been waiting for.
Resolution BCB 561 forces all international payment rails into FX or regulated accounts — a 10-year data retention mandate raises the cost of compliance for any PSP still routing through stablecoins.
Western Union's chief executive has signalled the company is exploring a stablecoin launch aimed at settling…