Nuvei Buys Payoneer for $2.75B as US House Sets June 25 Crypto Security Hearing

Crypto News

COINHUB has signed an agreement with JR West SC Development to install western Japan’s first cryptocurrency ATM inside Tennoji Mio, a major commercial complex directly connected to JR Tennoji Station in Osaka. The first machine is slated for the second floor of the Plaza building and will let users buy Bitcoin and other altcoins with cash, or sell holdings and withdraw cash on the spot, using a bank-style touchscreen interface. Chief executive Hiroshi Uehara framed the station-based location as a step toward mainstream adoption, with the company targeting a nationwide network of 3,000 ATMs spanning major cities, transit hubs and tourist areas.

Payments company Nuvei has agreed to acquire cross-border payments platform Payoneer in an all-cash deal valued at 2.75 billion dollars, a transaction built around merchant acquiring, payouts, foreign exchange, card issuance, risk management and licensing. Both firms have embedded stablecoins inside that settlement stack, which gives the deal its crypto significance. Payoneer offers same-day and real-time settlement across more than 150 markets and holds regulatory assets including a mainland China payment license and in-principle approval in India. With Nuvei handling merchant acceptance, the combined entity pushes stablecoin functionality deeper into payment back-end processing rather than front-of-house branding.

The Nuvei-Payoneer tie-up mirrors a broader race to wire dollar tokens into established payment rails. Mastercard in March agreed to acquire BVNK, a deal centered on linking on-chain settlement with fiat infrastructure, while Visa has expanded USDC settlement capabilities with Nuvei and Worldpay and has executed payments using Solana and Ethereum. The common thesis is that stablecoins and tokenized deposits — including assets built on stablecoin-native infrastructure — become genuinely usable only when embedded inside trusted networks rather than relying solely on an on-chain automated market maker. Federal Reserve staff analysis notes that payment stablecoins could ease some cross-border friction, yet warns that FX liquidity, compliance checks and intermediaries are likely to remain essential.

A US House subcommittee will convene a roundtable on June 25 to examine whether digital assets can counter the financial control exercised by authoritarian states. The Military and Foreign Affairs Subcommittee of the Oversight Committee announced the session, framed around the dual nature of digital coins — challenging repressive foreign regimes while defending US security. Lawmakers will weigh how China and Russia use financial systems and digital currencies as surveillance and control tools, and how decentralized assets can help individuals under repressive governments preserve wealth. The 2 p.m. session in Rayburn Room 2154 will be open to the public and livestreamed.

Witnesses invited to the Washington roundtable include Dustin Palmer, who handles Bank Secrecy Act and anti-money-laundering work at Anchorage Digital Bank, Economic Inclusion Group head Jorge Fraisati, and Digital Chamber chief executive Cody Carbone. Anchorage Digital Bank carries particular weight: in 2021 it secured approval from the Office of the Comptroller of the Currency as the first federally chartered digital asset bank in the United States. The lineup of bankers and industry-association leaders signals that congressional crypto policy now spans anti-money-laundering and investor protection alongside national security and international competitiveness, with practitioners and policymakers debating in the same forum.

The security roundtable runs in parallel with other crypto policy work moving through Washington. The House Ways and Means Committee has reviewed several draft bills on digital-asset taxation, attempting to clarify rules that have long remained ambiguous for holders. The Commodity Futures Trading Commission, meanwhile, has appointed a data specialist with blockchain-analytics expertise to a senior role, reinforcing its supervisory capacity. Subcommittee chair William Timmons of South Carolina stressed that the June 25 discussion is a fact-finding exercise, not a markup — any statutory or regulatory change would require a separate legislative process beyond the roundtable itself.

Across cash-to-crypto kiosks in Osaka, billion-dollar payment mergers and a US national-security hearing, one arc emerges: digital assets are migrating from speculative novelty into the plumbing of finance and statecraft. COINOTAG’s aggregate market data frames the backdrop — a Fear & Greed Index pinned at 23, deep in bear-market territory, Bitcoin dominance at 70 percent, and total crypto market capitalization near 1.84 trillion dollars. The primary sources reinforce this institutionalization: the House Oversight Committee’s own announcement schedules the June 25 session, while the OCC’s 2021 charter for Anchorage remains on record. As infrastructure deepens, adoption increasingly looks like tokens dissolving into existing rails rather than replacing them.