TD Group Did Not Disclose “Suspicious” Crypto Activity, FinCen Says

A new Financial Crime Enforcement Network (FinCEN) report alleges TD Bank did not disclose “suspicious activity” involving two international crypto exchanges. The legal filing comes amid the financial institution’s $3 billion penalty for breaking AML provisions.
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Central Bank of Brazil Invites Applications for CBDC Pilot

The Central Bank of Brazil has opened applications for companies to join the second phase of its CBDC pilot, Drex, which aims to enhance the financial system through tokenization and explore complex use cases like loans and carbon credits.
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UAE Approves In-Principle License to First AED Stablecoin Issuer

The Central Bank of the UAE has granted in-principle approval to AED Stablecoin, marking it as the first regulated dirham-pegged stablecoin issuer, aligning with the nation’s Digital Government Strategy 2025 and overall enhancing the financial system through tokenization.
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