The Nevada Department of Business and Industry revealed that Prime Trust, a crypto custody company, is facing significant shortfalls in customer funds, making it incapable of honoring all customer withdrawal requests this month.
The International Monetary Fund (IMF) has stressed the need for regulatory measures on cryptocurrency in specific nations, and suggested that a total ban might not be the most beneficial solution.
SAP, the German software behemoth and the largest non-American software company by revenue, has begun experimenting with US Dollar Coin (USDC) for cross-border payments.
Top stories in the Crypto Roundup today:
- Crypto Custody Firm Prime Trust Faces Customer Funds Shortfall, Regulator Says
- IMF Urges Countries to Regulate Crypto, Not Ban It
- SAP Experiments with USDC for Cross-Border Payments
- Crypto Market Movers – BCH, STX, MKR