ChainFabricNews

Image source: 99Bitcoins South Korea is getting serious about stablecoins—but it’s not rushing in blindly. Instead, the country is planning a cautious rollout of won-backed stablecoins , starting only with trusted commercial banks. This move is part of a broader effort to bring innovation to digital finance while keeping risks under control. 🏦 Why Start with Banks? The Bank of Korea (BOK) believes that if anyone should issue stablecoins tied to the Korean won, it should be banks. And not just any banks—those already under heavy regulation. In a recent announcement, Ryoo Sang-dai , the BOK’s senior deputy governor, explained that it’s safer to start with banks before allowing non-bank companies to get involved. “It is desirable to first allow banks, which are under a high level of regulations, to issue won-based stablecoins,” he said. The idea is simple: let the experts with experience and oversight handle it first. This gives regulators time to study how stablecoins behave in the mark...

Image source: Crypto Economy In a surprising yet promising turn of events, Shanghai regulators are rethinking their stance on crypto—especially stablecoins . This could mark the beginning of a major policy shift in China, a country that has traditionally taken a hard line against cryptocurrencies since its 2021 ban. On July 11, 2025 , more than 60 government officials gathered to discuss potential strategies around digital assets , including the possibility of launching a yuan-pegged stablecoin . That’s big news—especially coming from a financial hub like Shanghai. 💡 So, What Changed? For the past few years, China has been pretty strict about anything related to crypto. Mining and trading? Banned. Exchanges? Shut down. But now, some of China’s top officials are exploring how digital currencies—especially stablecoins backed by the Chinese yuan —could actually fit into the country's financial future. This isn’t just talk. Officials reviewed stablecoin models from around the world an...

Image source: CNN  In June 2025, the crypto world was shaken by an incident that wasn’t about profit—but power. Iran’s largest cryptocurrency exchange, Nobitex , was hit by a sophisticated cyberattack that led to the loss of over $90 million in digital assets. But what made this incident even more alarming was the motivation behind it. The hacker group behind the attack, known as Predatory Sparrow , claimed responsibility in a public statement. This wasn’t their first high-profile action. The group has been linked to earlier cyber operations in Iran, and many believe it operates in support of Israeli interests. What stood out in this case was the unusual way the stolen crypto was handled . Instead of selling or moving the assets to personal wallets, the hackers “burned” the funds —sending them to blockchain addresses that no one can access. In other words, the money is now gone forever. Each of those blockchain addresses carried political messages condemning Iran’s Islamic Revo...