News in Brief: Key Developments in Cryptocurrency Regulation and Adoption

Friday, 4 October 2024, 02:57

News in brief highlights US Senator Warren's push for regulatory limits on Citigroup alongside Swift's ambitious plans for digital currency transactions in 2025. These significant moves reflect the increasing scrutiny and innovation in the crypto space. As regulatory frameworks evolve, key players are adapting to the changing landscape, which is crucial for the future of digital finance.
Thebanker
News in Brief: Key Developments in Cryptocurrency Regulation and Adoption

Regulatory Action on Citigroup

US Democratic senator Elizabeth Warren is advocating for the Acting Comptroller of the Currency, Michael Hsu, to impose growth restrictions on __Citigroup__ due to its ongoing regulatory challenges.

Swift's Future in Digital Currency

Simultaneously, Swift is set to pilot live digital currency transactions in 2025, which could transform how transactions are conducted globally.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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