Commentary: Asian consumers could soon be paying with stablecoins

By working with Ant Group and Grab Holdings, StraitsX, the lender of XSGD, may end the&nbsp, pay loop. The Singaporean merchants wo n’t need to maintain an a&nbsp relationship with Ant, and the Chinese tourists will no longer have to deal with &ndbp, Grab.

Cross-border deals will be processed instantly, saving small businesses from having to pay high credit card fees. At the same time, regulators will make sure that stablecoins do n’t end up becoming new channels for money laundering by specifying the payment purpose&nbsp and imposing prudential limits on transfers.

People will generally have three options in addition to standard payment methods, like as&nbsp, bank accounts, or actual cash. Once they&nbsp, central bank digital currencies ( CBDCs ), became available, they could use them to settle claims.

Alternately, their lenders might permit them to tokenize deposits and make advance payments, such as toward&nbsp or a rental contract, but only after the other party has fulfilled its contractual obligation. As an alternative, payers and payees may use stablecoins to maintain their value even if their personal issuers filed for bankruptcy, so long as they trusted them.

Client PROTECTION AND Clarity

Because of this, the focus of the new stablecoin regulations in Asia ( and Europe ) is on consumer protection and transparency. &nbsp,

Issuers may be required to disclose the value of their assets and liabilities each and every day, according to the papers that Hong Kong has circulated for public discussion. Every week, they are required to breakdown the makeup of their reserve assets and create an auditor’s report andnbsp, once a month.

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Bangladesh votes in election without opposition

First indicators indicated that turnout would be reduced, despite numerous reports of carrot-and-stick inducements intended to increase the poll’s legitimacy. Out of the almost 4,200 people registered at one polling place in Dhaka’s east, only 111 had cast ballots two hours after election started, according to presiding officer Prashun Goswami.Continue Reading

Hokkaido for non-skiers: What it’s like to stay at Club Med’s brand new resort with snowy mountain views

The skiing is the main factor that led most of you to click on the essay. Group riding lessons and the hire of the required gear are made available to guests as part of Club Med’s all-inclusive package at no additional cost. Every ability level has access to lessons, and each session lasts about two hours.

I’ll just say that the teachers below patiently and thoroughly imparted their knowledge.

Unfortunately, I’ve never been a good skier, and this trip did n’t really change that. Sure, I can do a good wedge now, but since I did n’t snow every day to hone my skills, the next time I’m in this place, we’ll probably have to enroll in the Beginner’s class once more.

The beauty of Club Med Kiroro Grand, however, is that it is a destination that has something for everyone, even those who are terrible at riding.

You can choose to learn snowboarding or snowshoeing during the winter or just relax in the beach. For my part, I made the decision to forego all and travel to a mountain’s highest point.
 

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