Cryptocurrencies
Justice probes Manuel Adorni's cryptocurrency moves in alleged illicit enrichment case
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Justice is examining digital currency operations by Cabinet Chief Manuel Adorni in a probe for alleged illicit enrichment. Minister Patricia Bullrich requested he submit a sworn asset declaration, sparking internal tensions with Karina Milei.
Leading economists gathered at a seminar hosted by the Egyptian Center for Economic Studies to discuss how digital currencies are reshaping the global financial landscape. They highlighted unprecedented challenges to monetary policy and the need for flexible regulatory frameworks. Speakers emphasized innovation opportunities alongside significant risks.
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Rafael Meruane, co-founder and CEO of Notbank by CryptoMarket, expressed interest in forming joint ventures with regulated banks to scale digital asset services. The Chile-originated firm, now registered in Delaware, aims for partnerships to offer products like credit. It recently partnered with a Puerto Rico bank for stablecoin-linked accounts.
Colombia's Superintendency of Industry and Commerce (SIC) has ordered the immediate closure of several companies collecting biometric data, such as iris scans, in exchange for cryptocurrency payments. The action follows an investigation uncovering serious flaws in user data protection protocols. Officials warn of the dangers in sharing biometric information without proper safeguards.