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Crypto
Stablecoin Default Guarantees Pose Risks to the Issuing Banks, Swiss Regulator Says
FINMA's guidance explains how banks can limit the risks associated with guaranteeing stablecoin customers' deposits.

Crypto Use in Terror Financing Rises, but Is Still Relatively Small: Singapore
"As a global financial centre and transport hub with a significant migrant workforce, Singapore remains a potential source of funds for terrorists and terrorist organisations abroad," the report said.

Indian City of Raipur Puts Real Estate Records on Blockchain With Airchains
"Certification should be secure and decentralization is the future we should work on," Abinash Mishra, Commissioner, Raipur Municipal Corporation told CoinDesk in an interview on Thursday.

India Has Seen 92 Drug Trafficking Cases in Four Years Involving Dark Net and Crypto
The nation's junior Home Minister Nityanand Rai responded in parliament to questions about drug trafficking from Jose K. Mani, a minister of parliament (MP) from the opposition.

Coinbase Upgraded to Buy From Neutral on Improving Regulatory Risk: Citi
The Wall Street bank increased its price target on the crypto exchange’s shares to $345 from $260.

Crypto Exchange Gate.io Exits Japan
"As one of the world's leading cryptocurrency exchanges, we strive to comply with financial regulations in all regions in which we operate," a blog on Gate.io said.

India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech
The budget is the first since Prime Minister Narendra Modi was elected for a third straight term.

BlockFi Administrator Submits Plan in Court to Make Customers Whole
The plan administrator revealed that a significant transaction had been closed which would enable a near-term final distribution of 100% for all eligible claims.
