China News by Thebittimes.Com

Layer-1 blockchain Aptos (APT) has announced a plan to integrate fintech giant Stripe’s payment services and the stablecoin USDC. Stripe’s payment services will provide a fiat on-ramp for the Aptos network, according to a new press release from the layer-1 project. Circle chief executive Jeremy Allaire says the new development is part of the stablecoin company’s efforts to scale USDC. “USDC + CCTP + Aptos = high-performance, very powerful programmable money infrastructure. Excited for the upcoming launch!” Stripe reemerged in the crypto sector last month when it rolled out support for USDC settlements. The payments giant previously enabled payments made using Bitcoin (BTC) until 2018, when the firm discontinued its support, citing BTC’s lack of utility as a payments rail. Aptos’ native token, APT, is trading at $11.98 at time of writing. The 27th-ranked crypto asset by market cap is down nearly 1% in the past 24 hours bu...

With South Korea officially announcing the creation of its own Virtual Asset Committee, the country is reportedly considering the approval of Spot BItcion ETFs. Indeed, the committee was formed by the Financial Services Commission (FSC) regulator in the country. Moreover, the crypto-based investment offering is being discussed, according to local media reports. The newly formed committee will also discuss the authorization of corporate accounts and the reports. Altogether, the decision would be vital for the continued development of the country’s cryptocurrency stance, with the regulatory body providing notable guidance for that development. Source: Coingape Also Read: South Korea is The Latest Country to Investigate Telegram South Korea’s Newly Formed Crypto Committee Discussing Bitcoin ETF Approval Crypto-based ETFs have become a major talking point in 2024. The investment vehicle provides a new avenue for exposure to the burgeoning asset class. Moreover, they provide a cl...

Source: House of Commons Lawmakers from the House of Commons, the lower chamber of the British parliament, have voted to recognize cryptocurrencies as a regulated financial instrument in the UK, supporting the crypto’s price increase. The move could mark another step towards establishing the UK as a European crypto hub. The latest development comes amid a turbulent time in UK politics. Earlier this week, Conservative Party leader Rishi Sunak was appointed to serve as the country’s prime minister , replacing his predecessor, Liz Truss, after a mere 45 days in the office. UK lawmakers debated the  Financial Services and Markets Bill , a legislative proposal introduced by Sunak when the politician served as the Chancellor of the Exchequer under former Prime Minister Boris Johnson.  During the parliamentary session, Conservative MP Andrew Griffith submitted an amendment to expand the scope of regulated financial services to cover crypto. Griffith h...