The exchange's Philippine return relies on an SEC sandbox arrangement that BlockShoals says permits trading access without a local VASP license.

A senior PBOC official called for closer monitoring, stronger regulation and international coordination as stablecoins gain importance in global payments.

The People’s Bank of China said stablecoins could play a larger role in cross-border payments and called for closer monitoring of their impact on the international monetary system and global payment networks. According to remarks delivered by Wang Xin, director-general…