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cryptocurrencies

Paypal officially launched its own cryptocurrency

Payments company PayPal announced the launch of PayPal USD (PYUSD), a stablecoin denominated in US dollars and backed 100 % by US dollar deposits, short-term US Treasury bonds and similar cash equivalents. According to the payment services…

IMF urges strict regulations for cryptocurrencies

The International Monetary Fund (IMF) issued a call to States not to grant cryptocurrencies the status of official currency or legal tender, emphasizing the need to establish stricter regulations. In a recent report, the IMF highlighted…