Saudi Arabia has rejected Nigeria’s request for an increase in its 2027 Hajj allocation, leaving the country’s quota unchanged at 50,000 pilgrims despite rising demand from intending pilgrims across the country. The National Hajj Commission of Nigeria (NAHCON) said it formally approached the Saudi Ministry of Hajj and Umrah to seek additional slots after receiving…
Japan’s yen-pegged stablecoin issuer JPYC has temporarily suspended issuance reservations on the Ethereum and Polygon networks after a glitch affected its issuance process. JPYC announced the disruption on September 17, saying reservations for new JPYC issuance on Ethereum had been paused while the company investigated the cause. The suspension was subsequently extended to Polygon. The…
The UK’s Financial Conduct Authority (FCA), working with HM Revenue & Customs (HMRC) and the Metropolitan Police, has taken enforcement action against three London premises suspected of operating illegal peer-to-peer cryptocurrency businesses. The operation, carried out on September 10, targeted locations believed to be involved in P2P crypto trading without the required regulatory registration. Authorities…
The U.S. Securities and Exchange Commission (SEC) has granted temporary, conditional regulatory relief to platforms seeking to trade tokenized U.S. stocks on blockchain-based infrastructure. The SEC announced the move on September 17, introducing what it calls the “Innovation Exemption.” The framework allows qualifying Tokenized Securities Venues (TSVs) to facilitate permissioned trading of certain tokenized National…
New York Life Investment Management, which oversees approximately $807 billion in assets, has launched its first tokenized investment fund on the Avalanche blockchain, marking another major step in the growing adoption of blockchain technology by traditional asset managers. The fund, known as HYB, is a tokenized version of NYLIM’s actively managed U.S. high-yield corporate bond…
