STORY: From a crackdown on Iran to a euro stablecoin...
U.S. Treasury Secretary Scott Bessent called on allies to more forcefully disrupt Iran's financing networks...
and make it easier for financial institutions to root out sophisticated terrorist financing schemes.
The U.S. Treasury has stepped up its sanctions efforts through a program dubbed "Economic Fury."
It's frozen nearly half a billion dollars worth of cryptocurrency linked to Iran's regime.
It's as a scandal involving the collapse of the country's biggest exchange deepened...
and amid a row over how much to supervise the growing sector.
Polish prosecutors have launched a multi-million dollar fraud probe into the Zondacrypto exchange..
U.S. President Donald Trump signed an executive order calling on regulators and the Fed to review rules that may be stifling financial innovation...
including whether the central bank could expand fintech access to its payment rails...
the systems that move money between banks.
have joined a European consortium planning to launch a euro-pegged cryptocurrency later this year.
The consortium - which set up an Amsterdam-based company called Qivalis last year - now has 37 financial institutions as members.
The project is framed as a way to counter U.S. dominance in digital payments.