News linked to both this project and an event.
Circle stated the event will be held in New York, with topics covering institutional finance, global capital flows, 24/7 markets, and the Agent economy, as well as showcasing first-day products and applications. A developer pre-event session will be held from 11:30 AM to 1:30 PM ET on September 16, followed by a main stage livestream from 2:00 PM to 3:45 PM, with representatives from BlackRock, DTCC, Aave, SBI Group, Morpho, Ripio, Extended, a16z, and Circle participating. Developers can already build on the Arc testnet.
the Central Bank of Brazil stated during a hearing at the Congressional Economic Development Committee that stablecoins should be treated as electronic currency instruments, not digital assets. Fábio Araújo, an advisor to the Financial System Regulation Department of the Central Bank of Brazil, stated that digital assets like Bitcoin and Ethereum possess characteristics such as scarcity, transferability, and verifiability. Stablecoins, however, are different and should be understood as monetary instruments when they exhibit features of a means of payment. The Brazilian Congress is preparing to deliberate Bill No. 4308/2024, proposed by Congressman Aureo Ribeiro in 2024, to clarify rules for stablecoins. The Brazilian crypto economy association Abcripto opposes this classification. Its members include Binance, Coinbase, Fireblocks, Visa, Tether, OKX, and Ripio. Abcripto stated that this classification will lead to regulatory conflicts, affect stablecoin adoption among both institutional and retail users in Brazil, and hinder virtual asset service providers. The Central Bank of Brazil also recently issued a new resolution, elevating its supervision of virtual asset service providers to the same level as securities institutions. (Bitcoin.com News).