Economy

Coins.ph, the largest cryptocurrency exchange in the Philippines, is facing punitive action from financial regulators at the country's central bank, according to two people with knowledge of the situation.

The International Monetary Fund has warned that the global economy 'could soon test the limits of resilience' as emergency oil stocks run dangerously low and government budgets become overstretched across major economies.

Standard Chartered’s Dubai International Financial Centre branch has begun offering institutional custody for Ripple USD, or RLUSD, issued on the XRP Ledger.

The International Monetary Fund's managing director warned that artificial intelligence will eventually affect about 40% of jobs worldwide, with young workers entering the labor market first in line for displacement.

South Korea has approved measures to block domestic access to 27 websites operated by unregistered cryptocurrency exchanges and virtual asset service providers, including major platforms such as KuCoin, MEXC, Phemex and Bitrue.