2023-11-9 20:45 |
The European Banking Authority has tabled a proposal on how EU stablecoin issuers can manage liquidity risks through stress tests. The post European Banking Authority Follows UK With Stablecoin Draft Proposals appeared first on BeInCrypto. origin »
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Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said.
2023-11-8 16:09 | |
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Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation.
2023-11-7 18:32 | |
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The UK’s Financial Conduct Authority (FCA) has joined forces with the Bank of England (BOE) to gather public input on their forthcoming regulatory framework for stablecoins. In a joint statement released on Nov.
2023-11-7 21:00 | |
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The UK government has rolled out proposals on how to regulate fiat-backed stablecoins. Crypto companies that want to offer services with overseas stablecoins like Tether (USDT) in the UK must get permission from the Financial Conduct Authority (FCA). According to…
2023-10-30 15:59 | |
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In a Sept. 11 post on X, Mountain Protocol announced the launch of USDM, an ERC-20 yield-bearing stablecoin. Mountain Protocol, granted a digital asset business license by the Bermuda Monetary Authority, can now issue, sell, and redeem USDM. The thread on X…
2023-9-12 08:46 | |
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Tron widened the gulf with the long-dominant BNB Chain. Tron's stablecoin market cap recorded a 30% YTD growth rate. Tron [TRX] stamped its authority in the crypto space as it established a The post As Tron celebrates its latest milestone, here's what you need to know appeared first on AMBCrypto.
2023-9-12 21:30 | |
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The Monetary Authority of Singapore (MAS) has released a consultation paper seeking industry feedback on its proposed regulatory approach for stablecoins and related activities in the city-state. Major cryptocurrency firms Ripple and Circle submitted detailed responses to the consultation, offering…
2023-8-22 19:02 | |
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The Monetary Authority of Singapore (MAS) has unveiled the features of a new regulatory framework aimed at ensuring a high degree of stability for stablecoins in the country. This is the outcome of the central bank’s public consultation, which commenced in October 2022.
2023-8-15 16:00 | |
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Singapore's Monetary Authority releases a draft of requirements for private stablecoin issuers. The post Singapore Announces Framework for Non-Government Stablecoins appeared first on BeInCrypto.
2023-8-15 15:28 | |
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The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore.
2023-8-15 08:45 | |
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The European Banking Authority (EBA) is urging stablecoin issuers to voluntarily comply with proposed guidelines ahead of the mandatory enforcement of crypto-asset regulations
2023-7-14 20:27 | |
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The European Banking Authority (EBA) has advised stablecoin issuers to prepare for the forthcoming Markets in Crypto-Assets (MiCA) regulation, which is scheduled to be implemented next year, as noted in a statement released on July 12.
2023-7-13 17:58 | |
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Staying one step ahead of regulatory mandates, the European Banking Authority (EBA), the financial regulator of the European Union, has requested that stablecoin issuers adopt proposed guiding principles concerning risk...
2023-7-12 16:39 | |
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EBA officials anticipate a surge in stablecoin issuance in the coming months and have urged businesses to use its guiding principles before restrictions are implemented.
2023-7-12 14:55 | |
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With the Markets in Crypto Assets (MiCA) rules set to fully launch in 2024, European Banking Authority has urged stablecoin issuers to comply with the upcoming regulatory framework. EU watchdogs remain dedicated to regulating the cryptocurrency market as the region establishes itself as a crypto hub.
2023-7-12 14:22 | |
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Regulators can be notified of stablecoin-related operations now even though the rules don’t take effect until June 2024, the European Banking Authority said.
2023-7-12 13:57 | |
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The Monetary Authority of Singapore (MAS), in collaboration with the IMF and other central banks, is proposing common conditions for retail payments with digital money on a distributed ledger.
2023-6-22 17:26 | |
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Circle, the company behind the popular USDC stablecoin, just got an official greenlight to operate in Singapore. After receiving an in-principle approval in November last year, Circle’s Singapore branch has obtained a full Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
2023-6-7 22:30 | |
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Circle, the issuer of the USDC stablecoin, is expanding its presence in the Asian market with a new license to operate in Singapore. The Monetary Authority of Singapore (MAS), the country’s central bank, has granted the company’s Singapore division, affiliated…
2023-6-7 15:16 | |
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The European Banking Authority Chair emphasized the diversification of stablecoin reserves for robust risk management. He also stated that while the EU's MiCA regulations would take effect in 2The post EU banking regulator suggests the following to reduce risk in crypto sector appeared first on AMBCrypto.
2023-4-27 18:00 | |
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Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said.
2023-1-31 13:14 | |
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USDC Coin (USDC) stablecoin issuer Circle has received in-principle approval from The Monetary Authority of Singapore (MAS) to offer digital payment services in Singapore, according to a press release on November 2, 2022.
2022-11-3 17:00 | |
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In a separate document, the Monetary Authority of Singapore said it's also considering measures to limit retail investors without access to professional advice from engaging in crypto markets.
2022-10-26 10:04 | |
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The bill addressed stablecoin regulation from the start; now the Financial Conduct Authority will be empowered to regulate activities with crypto assets if the amended bill passes.
2022-10-22 23:30 | |
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The Hong Kong Monetary Authority and the BIS Innovation Hub cooperated on a unique CBDC design that reflects the realities of money issuing in the special administrative region.
2022-10-22 21:45 | |
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The Monetary Authority of Singapore (MAS) in response to a parliamentary inquiry, shared insights on how the Luna collapse affected the economy and laid out plans to engage the public in its stablecoin regulation.
2022-8-3 22:00 | |
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World’s largest stablecoin issuer Tether has added three more Ethereum addresses to its blacklist that held nearly $150 million worth of USDT. Being a centralized company, Tether has the authority to freeze accounts comprising dubious funds related to crime and money laundering.
2022-1-14 17:35 | |
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Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules.
2022-1-13 16:26 | |
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“If Congress does not enact legislation, the regulators will try to use what authority they have,” stated the U.S. Treasury official Nellie Liang.
2021-12-21 14:08 | |
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The US Securities and Exchange Commission (SEC) is about to play a leading authority role when it comes to proposing legislation and overseeing the stablecoin sector, Bloomberg recently reported, citing anonymous sources.
2021-10-28 23:00 | |
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UUSD is a completely private and fully decentralized stablecoin with 100% transparent backing in DAI, verifiable on the Ethereum blockchain. UUSD transactions cannot be traced, balances cannot be identified and funds cannot be frozen by any authority.
2021-10-23 18:00 | |
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The ICHI ecosystem has attracted several high-profile partners, including Solana, Moonbeam, SushiSwap, 1inch Network, Loopring and Bancor.
2021-5-28 22:00 | |
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The Bank of Thailand (BoT) has declared THT, a Baht-pegged stablecoin on Luna-powered Tera, in violation of the Currency Act of 1958, which gives the state exclusive authority to issue money. Pruettipong Srimachand, Assistant Governor of the Legal Group at the central bank, reported on the development around stablecoins in the private sector.
2021-3-18 19:31 | |
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Canada Stablecorp’s new CAD-pegged stablecoin QCAD will start being regulated by major local AML authority, the FinTRAC, by June 2020
2020-2-12 01:11 | |
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One of Australia’s financial watchdog agencies, the Australian Prudential Regulation Authority (APRA), could soon regulate stablecoin projects such as the controversial Facebook’s led Libra project, Cointelegraph reports.
2020-1-22 20:03 | |
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The CEO of Polychain Capital CEO says Facebook will find the most success if it relinquishes authority over the blockchain of its rumored native cryptocurrency
2019-5-16 04:00 | |
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Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.
2019-5-7 01:42 | |
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Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
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CoinSpeaker [De]centralized EOS Network Adds Its First Stablecoin CarbonUSD, Debates Unfold Last few days, a screenshot is seen circulating on social media revealing a decentralized blockchain protocol EOS practicing authority over its network.
2018-11-12 16:49 | |
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In this overview, we explore Kraken and its journey from a Mt. Gox alternative to soften the blow of bitcoin’s dependence on just one exchange to becoming one of the most respected cryptocurrency exchanges in the world.
2018-9-27 21:21 | |
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The European Commission plans to use blockchain technology to simplify bureaucratic procedures across its 27 member nations, improve crisis management, and boost administrative efficiencies from 2024.
IMF head Kristalina Georgieva said that CBDCs must be interoperable to prevent settlement blocks. The post IMF Warns of CBDC Settlement Issues as Digital Euro Sparks Outrage appeared first on BeInCrypto.
The European Consumer Group (BEUC) has filed a complaint against social media platforms including Instagram, Twitter, TikTok and YouTube for facilitating misleading crypto promotions. The BEUC believes that the misleading adverts are an unfair commercial practice that could result in financial losses.
Prospective EU legislation could force banks to set aside a punitive amount of capital to back their holdings of cryptoassets. The post EU to Vote on Massive Capital Requirements for Banks Holding Crypto appeared first on BeInCrypto.