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Latest from Camomile Shumba
More than 40 Firms Join Central Bank Group to Explore Tokenization for Cross-Border Payments
The Bank for International Settlements launched Project Agorá in April and it brings together seven monetary authorities from the U.K., Japan, South Korea, Mexico, Switzerland, New York and Europe.

English High Court Rules Tether's USDT Stablecoin Counts as Property
USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.

EToro Reaches $1.5M SEC Settlement, Agrees to Stop Trading Most Cryptocurrencies
The only crypto assets U.S. customers will be able to trade on the company’s platform are bitcoin, bitcoin cash and ether, though the company said the practical effects on customers is minimal.

Russian Central Bank Targets July 2025 for Widespread Digital Ruble Use
The central bank wants to promote the widespread use of the digital ruble.

EU Regulator Sees Official Journal Publication of Stablecoin Standards Before Year-End
The European Banking Authority estimates that 15 technical standards, including those for stablecoin issuers, will become official before the end of 2024.

UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMs
Olumide Osunkoya, 45 year old Londoner has been accused of running crypto ATMs that processed British pounds 2.6 million ($3.4 million) in crypto transactions across various locations.

Nigeria SEC to Commence Enforcement Action on Unlicensed Crypto Firms: Reports
We are certainly going to commence enforcement actions on anyone who wants to operate in this market and does not have the intention of being regulated, Emomotimi Agama, the SEC's Director General said.

Coinbase Must Face Shareholder Lawsuit Over Regulator Risk Concerns, Judge Rules
A United States district judge granted in part and denied in part Coinbase's motion to dismiss the class action complaint.

Ripple Co-Founder Among Kamala Harris' New Corporate Endorsers
Chris Larsen's endorsement comes as Ripple has emerged as one of the biggest donors in the 2024 U.S. elections, though his choice may be at odds with the company CEO's support of Senate Republicans.

UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval
The FCA approved only four of the 35 applications it received in the year ended March 31.
