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The Bank of England backs down on its toughest stablecoin rules

When the Bank of England first sketched out how it would regulate stablecoins, the industry read the draft and recoiled. Caps on how much any one person could hold, conservative rules on what the coins could be backed by: critics said the regime would make real-world use almost impossible and send, in the words of […]

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Indonesia turns to AI to deliver Prabowo’s biggest promises

The most expensive promise Prabowo Subianto made on his way to Indonesia’s presidency was lunch. His free-meals programme, budgeted at roughly $15bn to feed some 83 million children and pregnant women across an archipelago of thousands of islands, is the kind of undertaking that lives or dies on logistics. Now Jakarta wants to point artificial […]

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