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Stephen Graves

Verified
Wokingham
As seen in: Decrypt Media, Yahoo Entertainment, Wiley, Yahoo Finance, Flipboard, Yahoo, Squarespace, Stuff (UK), Louder, Campaign (UK), NewsBreak and
Covers:  Web3, emerging tech, AI, film, art
Special Projects Editor @decryptmedia. Director of short films including THE DEAD OF WINTER (@TDoW_film). 🦋@stephengraves.co.uk on Bluesky.

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Articles

Scale of Stablecoin Adoption in Nigeria Makes Risks 'More Pronounced', Says IMF Original

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By Stephen Graves Verified
| Decrypt Media Verified
In brief A new IMF report has highlighted the "striking" scale of stablecoin adoption in Nigeria. The IMF warned that adoption sharpens risks including "digital dollarization," weakening monetary policy, and illicit finance enabled by transactions that evade traditional monitoring. Arguing that suppression efforts would likely be only "partly effective," the report urged a pragmatic approach that allows innovation while managing risks.
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Government Stablecoin Payments Would Fuel 'Tax Evasion Economy,' Lawmaker Warns Original

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By Stephen Graves Verified
| Decrypt Media Verified
In brief Rep. Brad Sherman said allowing government payments in stablecoins would "sanctify an alternative to the U.S. dollar" built to "facilitate a tax-evasion economy." His rebuke followed NCUA Chairman Kyle Hauptman's pitch that stablecoins could speed up tax refunds and emergency stimulus payments. The clash came at a House Financial Services Committee hearing on regulators' progress implementing the GENIUS Act. Long-time crypto critic U.S. Rep.
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Michael Saylor's Bitcoin Treasury Firm Strategy Sells 32 BTC for $2.5M Original

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By Stephen Graves Verified
| Decrypt Media Verified
In brief Bitcoin treasury firm Strategy has sold 32 BTC for roughly $2.5 million at an average sale price of $77,135 per Bitcoin. The move marks a reversal of the firm's "never sell" stance, and comes after its CEO had said Strategy "will sell Bitcoin when it's advantageous to the company." Following the news, Bitcoin dropped to around $72,000. Bitcoin treasury firm Strategy sold 32 BTC from its holdings last week for roughly $2.5 million, per an SEC filing.
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