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02:52
Georgia now allows companies to issue stablecoins backed by reserve assets
PANews, March 12 — According to Cryptopolitan, the central bank of Georgia has enacted new regulations allowing companies registered and licensed in Georgia to issue stablecoins pegged to fiat currencies, provided they are fully backed by reserve assets. Users can redeem stablecoins at face value at any time, and issuers must meet capital requirements and undergo strict audits. According to the regulations, issuing institutions must register with the central bank and obtain written approval. The minimum regulatory capital is 500,000 lari (approximately $183,000), and if reserve assets exceed 15 million lari (about $550,000), quarterly audits must be conducted by one of the "Big Four" accounting firms. Redemption requests up to 300,000 lari must be completed within three working days, while larger amounts must be completed within five working days. The new regulations cover stablecoins pegged to the Georgian lari, foreign currencies, or other assets. Reserve coverage must reach 100%, and assets must be clearly separated from the issuer's own assets.
02:50
Brave Wallet adds support for NEAR Intents
Foresight News reports that the privacy browser Brave Wallet has added support for NEAR Intents, allowing users to perform cross-chain asset swaps within the browser, covering bitcoin, Solana, Zcash, Cardano, and EVM chains.
02:47
To prevent Iranian attacks, Oman fully evacuates key oil export terminals
Golden Ten Data reported on March 12 that, according to individuals who received direct notifications from port agents, Oman has evacuated all vessels from the key oil export terminal—Mina Al-Fahal Port—as a precautionary measure. Mina Al-Fahal Port, located outside the Strait of Hormuz, is one of the few ports still capable of shipping Middle Eastern crude oil to global markets. However, Iranian attacks in the region have rendered nearby waters unsafe. According to data intelligence company Kpler, Mina Al-Fahal Port exports about 1 million barrels of Omani crude oil per day. Loading operations at Fujairah Port in the UAE, also outside the strait, continue, but some shipowners are avoiding the port due to attack risks. Yanbu Port, located on Saudi Arabia’s Red Sea coast, remains able to export oil.
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