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Canton High School students find success in personal finance

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Canton High School students find success in personal finance

CANTON, Miss. (WLBT) – A group of juniors at Canton High School has won back-to-back state championships in Mississippi’s Personal Finance Challenge.

The team’s work can be seen through the school’s reality fair, where students are assigned careers and salaries and must make the same financial decisions adults face each month.

Teena Ruth, a personal finance teacher, said the exercise resonates beyond the classroom.

“It’s an eye-opening experience,” Ruth said. “They kind of see what it’s like for even their parents when they have to make these decisions every day — when they are writing out those checks.”

For student Jalynn Dunigan, the program carries personal significance.

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“To be known for something else outside of cheer and not just what I do on a court, on a field. I can do something and put my brains to it and people can know that I’m not just pretty,” Dunigan said. “I’m smart as well.”

Student Henser Vicente said the team’s success sends a broader message.

“We’re making a statement that we’re not what you think we are,” Vicente said. “Like, we’re greater than what you think. We can do better than what you think we can do.”

A proposed financial literacy bill in Mississippi would require students to pass a semester of personal finance as a graduation requirement.

Alexandria Luckett said the team’s national success is already motivating others at the school.

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“I’m so happy that people are getting more involved in things like this and stepping out of their comfort zone and just putting themselves out there,” Luckett said. “Because I know there’s a lot of shy students [who] don’t necessarily join clubs or anything. So, when they see a group like this going to nationals two times in a row, I feel like that motivates a lot of students.”

Nelly Rosales said competing at the national level has given the team a platform beyond the competition floor.

“We’ve gone to Cleveland, Ohio, we’ve gone to Atlanta, and then hopefully this year we get to go out of state again,” Rosales said. “Being able to be a role model to a lot of children — like especially Hispanic girls who don’t see a lot of role [models] especially in the community — being able to be a role model is a really big thing.”

The students are currently gearing up for this year’s State Personal Finance Challenge set to take place next month.

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Japan Prepares to Regulate Crypto as a Financial Product | PYMNTS.com

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Japan Prepares to Regulate Crypto as a Financial Product | PYMNTS.com

Japan is reportedly moving closer to classifying cryptocurrencies as financial products.

According to a report Friday (April 10) from Nikkei, a draft amendment before the country’s Cabinet would place crypto assets under the Financial Instruments and Exchange Act, a framework used for stocks and securities. 

Assuming the measure passes during the current legislative session, the law could go into effect as soon as fiscal 2027, the report said.

Before now, Japan’s Financial Services Agency (FSA) has regulated crypto under the Payment Services Act, due to the digital currency’s potential use as a payment method.

But with crypto becoming an investment instrument, the FSA wants to move regulation to the Financial Instruments and Exchange Act, the report said.

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The new law will also create tougher penalties for crypto violations, the report said. For example, operating without registration could lead to a 10-year prison term, compared to the current three-year sentence. Fines would also be increased, from 3 million yen to up to 10 million yen (around $62,000).

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In other digital asset news, PYMNTS wrote last week about new Federal Reserve research that shows the large majority of stablecoins aren’t flowing through the real economy. Instead, they are either sitting idle or circulating within cryptocurrency markets rather than being used to pay for goods and services.

A briefing released last week by the Federal Reserve Bank of Kansas City explores how stablecoins are actually used, based on data across industry platforms. 

“The takeaway is blunt: payments barely register, while most activity remains inactive or tied up in financial infrastructure rather than commerce,” PYMNTS wrote.

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These findings reinforce a pattern that PYMNTS Intelligence has chartered across corporate finance functions. In the March 2026 data book, “Stablecoins Gain Ground: Why CFOs See More Promise There Than in Crypto,” interest among executives in stablecoins continued to surpass actual deployment.

According to that report, more than 40% of middle-market firms say they have at least discussed or tested stablecoins, yet only 13% report actual use. The gulf between awareness and implementation highlights an ongoing hesitation among finance leaders. Stablecoins are seen as potentially useful, but not yet integrated into everyday financial operations.

“The data also helps explain the idle balances identified in the Fed’s research. Firms are not rejecting stablecoins,” PYMNTS wrote. “Instead, they are holding back until the operational case becomes clearer, particularly as they weigh how these tools would integrate with treasury systems and payment workflows.”

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UK financial regulators rush to assess risks of Anthropic’s latest AI model, FT reports

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UK financial regulators rush to assess risks of Anthropic’s latest AI model, FT reports
UK financial regulators ​are holding ‌urgent talks with ​the ​government’s cyber security agency ⁠and ​major banks ​to assess risks posed by ​the ​new artificial intelligence ‌model ⁠from Anthropic, the Financial Times ​reported ​on ⁠Sunday.
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Finance

Benin finance minister expected to coast to presidential election win

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Benin finance minister expected to coast to presidential election win
Benin’s long-serving finance minister Romuald Wadagni is expected to coast to victory in a presidential election ​on Sunday, buoyed by strong economic growth and the absence of a credible challenger even as fears ‌grow over the threat posed by jihadists in the north.
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