Exclusive | Trump Family’s New Crypto Bank Is Backed by Abu Dhabi She…

• The Trump family's cryptocurrency venture, World Liberty Financial, is set to launch a national trust bank with significant backing from Abu Dhabi's Sheikh Tahnoon bin Zayed al Nahyan.
• The Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval for the bank, which will issue and safeguard World Liberty's stablecoin, USD1.
• The investment and partnership have raised significant ethics and national security concerns due to the foreign government official's substantial stake and the timing amidst U.S.-UAE negotiations.

Topics: Asset types, Jurisdictions, Legal regulatory, Stablecoins digital cash, Established hubs, Securities law classification, Licensing issuer obligations

Tags: #trumpfamily #abudhabi #sheikhtahnoon #worldlibertyfinancial #stablecoin #usd1 #occapproval #bankinglicense #foreigninvestment #ethicsconcerns

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UAE ‘spy sheikh’ backs 49% stake in Trump family’s crypto bank venture, WSJ reports

World Liberty’s proposed trust bank has preliminary federal approval as the Trump-backed crypto venture deepens its ties to a senior UAE official.

• A prominent UAE official, Sheikh Tahnoon bin Zayed Al Nahyan, is reportedly backing a significant stake in the Trump family's planned crypto bank venture, World Liberty Financial.
• The venture has received preliminary federal approval for a national trust bank that would issue a dollar-backed stablecoin, USD1.
• The arrangement has raised scrutiny due to the official's position and potential conflicts of interest, though the company maintains it is a private fintech firm.

Topics: Institutional adoption, Jurisdictions, Legal regulatory, Asset manager initiatives, Emerging hubs, Securities law classification

Tags: #uae #sheikhtahnoon #trumpfamily #cryptobank #stablecoin #worldlibertyfinancial #stringzholding #regulatoryapproval #foreigninvestment #conflictofinterest

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Venezuela abandoning the bolivar and adopting the U.S. dollar would be the biggest currency switch since the advent of the euro, Hanke says | Fortune

"Taming inflation is the key to restoring stability in Venezuela, and all the other progress flows from that."

• Economist Steve Hanke proposes Venezuela officially adopt the U.S. dollar to combat 400% inflation and restore economic stability.
• This move would involve abandoning the bolivar and the central bank, a significant currency switch with potential to attract foreign investment and lower interest rates.
• Despite 'spontaneous dollarization' already occurring, challenges remain, including relinquishing monetary policy control and potential political hurdles, though Hanke sees a 50-80% chance of approval.

Topics: Jurisdictions, Public debt, Financial inclusion, Emerging hubs, Tokenized us treasuries, Access unbanked underbanked

Tags: #venezuela #stevehanke #dollarization #bolivar #inflation #currencyswitch #usdollar #monetarypolicy #centralbank #foreigninvestment

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Vietnam prepares groundwork for real-world asset tokenization

Vietnam is taking decisive steps to regulate its crypto asset market, aligning with a global trend toward stricter oversight and focused capital allocation, while creating safe foreign investment channels for domestic enterprises.

• Vietnam is establishing a regulatory framework for Real-World Asset (RWA) tokenization, mandating that crypto assets be backed by real-world assets (excluding securities and fiat) and initially offered only to foreign investors.
• The government aims to unlock liquidity and broaden capital access for key sectors like real estate and renewable energy, while implementing strict safeguards and licensing requirements for crypto exchanges to protect investors.
• This strategic move aligns Vietnam with global trends in crypto regulation, focusing on transparency, investor protection, and fostering innovation within a controlled environment to drive digital economy growth.

Topics: Jurisdictions, Legal regulatory, Scalability, Emerging hubs, Regulatory sandboxes pilots, Securities law classification, Investor protection disclosure, Growth metrics, Institutional capital inflows

Tags: #vietnam #realworldassettokenization #cryptoregulation #resolution052025nqcp #foreigninvestment #digitaleconomy #investorprotection #statesecuritiescommission #financialframework #emergingmarkets

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Cuba’s Communist Party approves opening economy in unprecedented move

The emergency economic package comes amid an ongoing US pressure campaign that has left the island nation reeling.

• Cuba's Communist Party has approved unprecedented free-market measures, including expanding private enterprise and attracting foreign investment.
• The reforms aim to address dire economic conditions, acknowledging both external US pressure and domestic factors like bureaucracy.
• The package signals a dramatic shift, potentially allowing private real estate development and the entry of private banks into the financial sector.

Topics: Asset types, Jurisdictions, Legal regulatory, Real assets, Emerging hubs, Securities law classification

Tags: #cuba #communistparty #economicreform #freemarketmeasures #privateenterprise #foreigninvestment #realestatedevelopment #stateownedbusinesses #privatebanks #uspressure

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