According to Cointelegraph, the National Bank of Kazakhstan has announced the launch of a stablecoin pilot project within the framework of its digital asset regulatory sandbox. The newly launched Evo (KZTE) stablecoin is pegged to the Kazakh Tenge and issued by sandbox participant Intebix cryptocurrency exchange and local lender Eurasia Bank, with assistance from Solana and Mastercard. The stablecoin is based on the Solana blockchain and has been launched in the central bank's regulatory sandbox...
In an interview with Fox Business, the new cryptocurrency czar, David Sacks, praised President Donald Trump's executive order on cryptocurrencies. The order aims to clarify regulations, define digital assets, and strengthen the dominance of the U.S. dollar through stablecoins. According to Sacks, the newly formed Digital Asset Task Force will oversee regulatory developments. It will divide digital assets into categories such as securities, commodities, and collectibles. The government also seeks...
Trump nominated entrepreneur David O. Sacks as White House director of cryptocurrency and artificial intelligence.