At the European Central Bank’s annual meeting in Sintra, Portugal, on Tuesday, Bank of England Deputy Governor Sarah Breeden questioned whether guardrails like 'circuit breakers or kill switches' are needed to prevent faulty AI models from causing market meltdowns.
Stablecoin transaction volume hit a record $1.79 trillion in June, surging 63% from May's $1.1 trillion, according to Visa's Allium-powered analytics dashboard.
India's central bank has revived its push to isolate the banking system from cryptocurrency, urging lawmakers to prohibit the use of digital assets in payments and settlements.