IMF Says Tokenization Could Reshape Global Finance, Warns of New Risks

The International Monetary Fund (IMF) says tokenization could fundamentally reshape how financial markets operate, marking one of the strongest acknowledgments yet from a global policymaker that blockchain-based infrastructure is moving into the financial mainstream. In a blog published Thursday, Tobias Adrian, the IMF’s financial counselor and director of its Monetary and Capital Markets Department, said…

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Standard Chartered Becomes First Major Bank to Offer Direct Stablecoin Services

Institutions will be able to combine custody, banking and stablecoin services through a single onboarding process. Standard Chartered has become the first globally systematically important bank (G-SIB) to let institutional clients mint and redeem USDC directly through its banking platform, the lender has said. The service removes the need for eligible clients to open separate…

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Lahore police register case against five suspects over abduction, sexual assault of two foreign women – Pakistan

LAHORE: Police in the provincial capital on Thursday registered a case against five suspects on charges of kidnapping for ransom and sexually assaulting two foreign women. The Police Emergency Helpline 15 received a call from Spain, made by the father of one of the women, reporting the incident. The alleged victims, who are nationals of…

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