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Bank of England seeks to 'build trust' in stablecoins
Bank of England seeks to 'build trust' in stablecoins
by  AFP

The Bank of England said Monday it aims to "build trust" in stablecoins in the UK, which would be pegged to the pound under proposed national rules for the cryptocurrency. "Our objective remains to support innovation and build trust in this emerging form of money."

China suspends 'special port fees' on US vessels
China suspends 'special port fees' on US vessels
by  AFP

China said Monday it would suspend for one year "special port fees" on US vessels "simultaneously" with Washington's pause on levies targeting Chinese ships, as a fragile trade truce between the superpowers continues to take shape.

From Club Med to Beverly Hills: Assinie, the Ivorian Riviera
From Club Med to Beverly Hills: Assinie, the Ivorian Riviera
by  AFP

Locals in Assinie reminisce about the old days when the now-shuttered Club Med in southeastern Ivory Coast provided jobs aplenty. The fishing village's former Club Med even provided the backdrop for the 1978 cult French comedy film "Les Bronzes" ("French Fried Vacation"), which satirically skewered resort vacations.

Tanzania Maasai fear VW 'greenwashing' carbon credit scheme
Tanzania Maasai fear VW 'greenwashing' carbon credit scheme
by  AFP

Namnyak, a Maasai herder in north Tanzania, fears a carbon credit scheme linked to Volkswagen -- dismissed by NGOs as "greenwashing" -- could destroy her community's way of life. - 'Scam' - Several researchers and NGOs believe the Maasai are unwitting participants in a vast "greenwashing" scheme by Volkswagen.

Chinese businesswoman faces jail after huge UK crypto seizure
Chinese businesswoman faces jail after huge UK crypto seizure
by  AFP

She lived a life of luxury that earned her the nickname "goddess of wealth", but Chinese businesswoman Zhimin Qian now faces a long jail sentence after police made the UK's largest-ever cryptocurrency seizure of Bitcoin worth over $6 billion.