Tether has announced plans to discontinue its CNH₮ stablecoin, which is pegged to the Chinese yuan, as part of a strategic shift in response to evolving regulatory landscapes. This move comes amid increasing scrutiny and regulatory changes affecting stablecoins globally.
In other developments, Uzbekistan has issued its first crypto mining license, marking a significant step in the country's embrace of blockchain technology. Meanwhile, Russia is set to allow foreign cryptocurrency exchanges to operate through local subsidiaries, potentially expanding market access.
Additionally, Dubai has launched a secondary market for real estate tokens, enhancing liquidity and investment opportunities in the sector. In Hong Kong, a lawmaker has proposed the introduction of stablecoin consumption vouchers, aiming to integrate digital currencies into everyday transactions.
Tether to Discontinue CNH₮ Stablecoin Amid Regulatory Shifts
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