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The US Office of the Comptroller of the Currency has granted conditional preliminary approval for World Liberty Trust Company's national bank charter, a Trump-backed cryptocurrency venture. The charter would allow the firm to directly issue and manage its USD1 stablecoin without relying on third-party custodians.
A New York judge has rejected Zelle's attempt to dismiss a lawsuit by state Attorney General Letitia James, who alleges the electronic payment platform prioritised market growth over consumer protection, resulting in over $1 billion in fraudulent losses.
Malaysia's Court of Appeal has ruled that financial institutions cannot pursue libel claims against those delivering court orders, safeguarding the judiciary's enforcement capacity.
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Malaysia's Finance Minister II Datuk Seri Amir Hamzah Azizan has emphasized that the future of banking requires balancing artificial intelligence with human expertise, professional development, and ethical governance to ensure a resilient and trustworthy financial system.