Headlines

After Apple, India’s smartphone manufacturing boom enters new phase with Vivo JV

India on Thursday approved a manufacturing joint venture between China’s Vivo and local manufacturer Dixon Technologies, a move that could mark the next phase of the country’s smartphone manufacturing boom after Apple helped turn India into a global smartphone production hub. The approval allows Vivo to proceed with a long-delayed manufacturing partnership first announced in…

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Circle Accused by New York and Wisconsin Prosecutors of Hindering USDC Recovery for Scam Victims

Key Takeaways Wisconsin charged Circle over a warrant to seize 381,000 USDC stolen in a crypto romance scam. Circle holds 119 million frozen tokens, with critics noting it earns interest on backing reserves. Circle reached a federal deal to permanently freeze flagged USDC and issue new tokens to victims. State Prosecutors Clash With Stablecoin Giant…

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[Exclusive] BSP: Crypto-to-Crypto Trading ‘Fits Naturally’ Under SEC; VASP Rule Amendments Planned

The Bangko Sentral ng Pilipinas (BSP) said crypto-to-crypto trading for speculative or investment purposes through an exchange “fits naturally” under the perimeter of the Securities and Exchange Commission (SEC), and confirmed it plans to expose amendments to Circular No. 1108, its 2021 rule governing Virtual Asset Service Providers (VASPs), for public comment, according to a…

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UK Labour MPs push for permanent crypto donation ban after Farage resignation

UK Labour MPs have proposed making a temporary ban on cryptocurrency donations to political parties permanent after Nigel Farage resigned amid investigations into multimillion-pound gifts linked to crypto industry figures. Summary UK Labour MPs have proposed making the temporary ban on cryptocurrency donations to political parties permanent after Nigel Farage’s resignation. The proposal comes as…

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