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The UK is planning to amend payment rules to support stablecoins and tokenized deposits

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On April 21, Cointelegraph reported that the UK is revisiting its payment regulatory framework to support the adoption of new financial technologies—including stablecoins and tokenization—in payments. In a statement Tuesday, the UK Treasury and Economic Affairs Treasury Minister Lucy Rigby said the government will launch a consultation on reforms to payment service and cryptocurrency rules. The Treasury noted the changes aim to create a unified regulatory framework for both traditional payments and tokenized payments (such as stablecoins and tokenized deposits). It also flagged plans to advance legislation that will cut administrative burdens for businesses offering stablecoin payment services.
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Wash: Will Never Become Trump's "Puppet"

April 21st — Federal Reserve Chair Nominee Kevin Wash said Wednesday, “It’s a great honor to get the President’s nomination. If confirmed as Fed Chair, I will be an independent decision-maker.” Responding to a question from Louisiana Senator John Kennedy, Wash stated he would never be a puppet of the President. He also noted former President Trump did not ask him to commit to specific interest rate decisions. Wash added: “The President never asked me for any specific rate commitments—that’s a fact. Even if he had made such a request, I would never agree to it.”

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Due to uncertainty surrounding the negotiation prospects, crude oil futures prices have risen.

April 21 – Crude oil futures prices rose Wednesday as markets waited to see if Iran would send a delegation to Pakistan for talks with the U.S. Phil Flynn of Price Futures Group said in a note Iran’s conflicting signals aren’t just “diplomatic theatrics”—they signal an attempt by the country’s pragmatic faction to ease tensions with hardliners. That means more volatility ahead for oil prices, per FXStreet.

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Source: Officials: US Negotiators Arriving in Pakistan

April 21st — Xinhua: U.S. negotiators have arrived in Pakistan in succession over the past two days, per Pakistani sources.

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Powell: More Inclined to Take Interest Rates as the Key Driver

April 21 — Federal Reserve Chair Nominee Jerome Powell said the U.S. economy is now approaching full employment overall. The Fed’s balance sheet is working against its dual mandate, he added, and the central bank is leaning more toward using interest rates as its primary policy tool. (FXstreet)

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CNN: Voss's exact visit to Pakistan still TBD

CNN — As of April 21, the timing of U.S. Vice President Mike Pence’s planned trip to Pakistan remains unconfirmed, according to sources cited by the network. The White House will hold additional policy meetings Tuesday, with Pence set to participate, a White House official told CNN. Pence had been scheduled to depart for Islamabad Tuesday morning, but a key unresolved question lingers: whether an Iranian delegation will travel with him. As of late Tuesday morning local time, Iran had not yet decided whether to send officials to Pakistan for the second round of talks.

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Iranian Parliament Speaker's Office Member: No Second Round of Talks Until Maritime Blockade Is Resolved

April 21 — A member of the presiding board of Iran’s Parliament, Nadri, told the Iranian Student News Agency (ISNA) on Tuesday that Iran will not convene a second round of talks until the maritime blockade issue is resolved. Nadri also denied media reports that Iran had sent a high-level delegation to Pakistan, stating, “There is no Iranian delegation in Pakistan.”

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