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IMF warns tokenization could bring crypto risks into global financial markets

The International Monetary Fund (IMF) said that tokenization, the representation of real-life assets on the blockchain, could reshape cryptocurrency markets and traditional finance while introducing new risks that regulators do not yet have the capacity to manage. In a new report, the International Monetary Fund describes tokenization as more than just a technological upgrade for…

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China orders Apple to pull Dorsey’s Bitchat, the messaging app used during Iran protests

Tech giant Apple has removed Bitchat, a decentralized peer-to-peer messaging app developed by Block CEO Jack Dorsey, from its Chinese app store at the request of Beijing’s internet regulator, Dorsey revealed in an X post on Sunday. China’s Cyberspace Administration of China argued that the app violated regulations governing online services with “public opinion or…

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