2024-10-29 20:24 |
Regulatory updates are also in the works for stablecoin issuers, OTC trading services and custodians. origin »
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Senator Bill Hagerty (R-TN) unveiled a discussion draft of new legislation designed to provide a clear regulatory framework for stablecoin issuers. Hagerty, a member of the Senate Banking Committee, aims to remove regulatory uncertainty and unlock stablecoins’ full potential in enhancing payment systems and supporting US Treasury demand.
2024-10-12 02:00 | |
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London, United Kingdom, 9th October 2024, Chainwire The post Leading Stablecoin Issuers & Crypto Firms Embrace International Set Of Stablecoin Standards appeared first on CaptainAltcoin.
2024-10-9 15:06 | |
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Coinbase, a leading US cryptocurrency exchange, is set to delist all non-compliant stablecoins from its European platform by the end of 2024. The move comes as the European Union’s Markets in Crypto-Assets (MiCA) regulation, which enforces stringent standards on stablecoin issuers, takes full effect in December.
2024-10-5 21:08 | |
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U.S. Rep. Maxine Waters (D-Calif.), the House Financial Services Committee's ranking Democrat, suggested in a Securities and Exchange Commission oversight hearing on Tuesday that she and the Republican chairman should finish a bill this year to regulate U.S. stablecoin issuers.
2024-9-26 18:51 | |
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BitGo’s USDS stablecoin will challenge major issuers like Circle and Tether, aiming to distribute up to 98% of earnings to network supporters.
2024-9-18 13:56 | |
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Chainlink Labs has inked a strategic deal with Fireblocks to deliver a compliant and secure solution for banks and institutions to issue and use stablecoins across universal financial markets. The move comes after Wenia tapped Chainlink and Fireblocks to launch the COPW stablecoin early in 2024.
2024-9-17 13:40 | |
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Stablecoin issuers, including Tether, Circle, Paxos, and Techteryx, have frozen nearly $5 million linked to North Korea's Lazarus Group. The post Circle Faces Backlash for Slow Response in $5 Million Lazarus Group Fund Freeze appeared first on BeInCrypto.
2024-9-15 14:12 | |
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The European Banking Authority estimates that 15 technical standards for crypto platforms like stablecoin issuers will become official before the end of 2024.
2024-9-12 15:08 | |
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M^0 allows stablecoin issuers to incentivize distributors, liquidity providers and so on by programmatically sharing yield among an ecosystem of users.
2024-8-26 16:00 | |
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The proof-of-concept showed that real-time monitoring of stablecoin reserves could be achieved with cooperation among regulators, technologists and issuers.
2024-8-1 00:19 | |
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As stablecoins continue to gain traction globally, regulatory initiatives such as FINMA’s guidance are likely to influence policies in other jurisdictions.
2024-7-29 10:19 | |
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Swiss regulator FINMA has published guidance on stablecoin issuers, urging them to verify the identity of all persons holding digital tokens pegged to fiat currencies. The Swiss Financial Market Supervisory Authority has published new guidance addressing the risks and challenges…
2024-7-27 13:14 | |
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ZA Bank leads the charge in Hong Kong’s stablecoin market with innovative banking services for issuers.
2024-7-19 15:14 | |
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Hong Kong-based digital bank ZA Bank is launching reserve banking services for participants of the stablecoin sandbox. Hong Kong‘s digital bank, ZA Bank, is now offering reserve banking services to stablecoin issuers, as the Hong Kong Monetary Authority (HKMA) reveals…
2024-7-20 12:15 | |
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Noncompliant stablecoin issuers could potentially exit the EU market entirely, with a shift toward euro-backed stablecoins as demand picks up in European markets.
2024-7-2 22:01 | |
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From the beginning of July, crypto exchanges and stablecoin issuers will operate in the EU according to the rules provided for by the MiCA law. The entry into force of the Markets in Crypto-Assets (MiCA) law on June 30 means…
2024-7-1 03:05 | |
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Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow.
2024-6-21 14:46 | |
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Amid a new generation of yield-bearing stablecoins, PayPal is confident in its purely payments-focused PYUSD.
2024-6-11 18:18 | |
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One of the issuers of spot Bitcoin exchange-traded funds (ETFs) in the US, WisdomTree, has announced the expansion of its WisdomTree Prime app to users in New York. Related Reading: Meet The New King Of Crypto Payments: Why Users Are Choosing Litecoin Over Bitcoin Expanded Custody And Stablecoin Services This development closely follows WisdomTree’s recent […]
2024-5-10 05:00 | |
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The window is narrowing for legislation to set up rules for stablecoin issuers in 2024, but the retiring chairman of the House Financial Services Committee says it can be done.
2024-4-11 17:32 | |
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Hong Kong's ZA Bank revealed plans to provide specialized banking services for stablecoin issuers, a strategy it expects to boost local web3 adoption.
2024-4-8 21:38 | |
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The European Banking Authority (EBA) published the draft rules on complaints handling procedures for issuers of Assets Referenced Tokens (ART) on March 13. EBA collaborated with the European Securities and Markets Authority (ESMA) to draft the regulatory technical standards (RTS).
2024-3-14 21:57 | |
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Hong Kong has initiated a sandbox arrangement for stablecoin issuers to establish regulations for future operations.
2024-3-12 17:21 | |
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The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox.
2024-3-12 12:59 | |
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Stablecoin issuers Tether told CryptoSlate in a Feb. 16 statement that it is actively averting the misuse of stablecoin technology by working with global law enforcement agencies. The remarks followed comments by Caroline Hill, Senior Director of Global Policy and Regulatory Strategy at Circle, during a House Financial Services Committee hearing titled ‘Crypto Crime in […] The post Tether CEO implies Circle director misled Congress in ‘desperation’ attack on USDT appeared first on CryptoSlate.
2024-2-17 17:59 | |
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All kinds of unregistered crypto providers, including stablecoin issuers, could also be outlawed by the rules.
2022-11-3 15:52 | |
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The FDIC expressed his trust in stablecoins as a possible means of payment and urged regulators to better oversee the stablecoins. According to the chair, stablecoins hold characteristics that could bring issues such as money laundry to an end.
2022-10-21 19:00 | |
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In a tweet on October 13, stablecoin issuers Tether announced that it had reduced its commercial paper holdings to zero to ensure secure and liquid reserves for Tether USD (USDT). “Tether is proud to announce that we have eliminated commercial paper from our reserves,” said Tether in its tweets.
2022-10-16 23:42 | |
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The rise of Circle’s USDC stablecoin – as opposed to the controversial Tether (USDT) – is a threat to the broader financial system, as it could increase the chance of run risks from smaller issuers, researchers at the Federal Reserve Bank of New York wrote in a new paper published Monday.
2022-10-4 20:32 | |
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Circle aims to bolster USDC’s market position as competition with rival issuers Tether, Binance is heating up and decentralized finance platforms are crafting their own native stablecoins.
2022-9-29 22:30 | |
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The proposal lays out disclosure requirements for banks that could make China's central bank digital currency available for use in Australia, and seeks to set up licensing frameworks for stablecoin issuers.
2022-9-20 12:35 | |
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Stablecoin issuers have been under the radar over the quality of the reserves backing the tokens they issue. Circle Internet Financial LLC (Circle), the issuer of stablecoin USDC, has released its reserves report as of July 31, 2022.
2022-8-30 20:29 | |
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Stablecoin issuers Tether, Circle and others hold more short-term U.S. Treasury Bills than Berkshire Hathaway.
2022-8-26 21:30 | |
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Tether, Circle and other stablecoin firms held $80 billion worth of short-term U.S. government debt as of May 2022, more than owned by Warren Buffett’s Berkshire Hathaway.
2022-8-23 13:19 | |
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Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
2022-8-22 00:19 | |
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Issuers of the two largest stablecoins - Tether's USDT and Circle's USDC— have extended their support to Ethereum as it approaches The Merge in September this year. The post Stablecoin Giants Circle, Tether Support Ethereum in Its Upcoming PoS Transition appeared first on BeInCrypto.
2022-8-11 21:14 | |
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Tether, issuers of the USDT stablecoin, criticized hedge funds for shorting the cryptocurrency saying that the bearish bets have failed to pay off and are not worth the huge amount of fees brought on by the strategy.
2022-7-31 12:00 | |
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Two US lawmakers, Maxine Waters and Patrick McHenry are collaborating on a bill that would impose strict bank-like regulations for stablecoins, The Wall Street Journal reported July 20. The post US lawmakers propose bank-like regulation for stablecoin issuers appeared first on CryptoSlate.
2022-7-22 21:48 | |
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Congress may rebuff U.S. regulators who wanted stablecoins to be the exclusive territory of banks, according to a lawmaker familiar with a legislative effort now in motion. Democrats on the House Financial Services Committee have been working on requirements that may not be as restrictive as the Treasury Department and financial regulators had asked.
2022-7-18 16:38 | |
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Paxos Trust became the first stablecoin issuer to reveal the composition of its reserves for Binance USD (BUSD) and the Pax Dollar (USDP). The post Paxos Trust Reveals USDP and BUSD Reserves in Challenge to Other Stablecoin Issuers appeared first on BeInCrypto.
2022-7-10 21:15 | |
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MiCA Rapporteur in the European Parliament Stefan Berger said the EU has become the first jurisdiction with a regulatory framework for digital assets. What’s the essence of this paper? The stablecoin reserves will be split – issuers will have to comply with strict operational and prudential rules and the volume of transactions will be limited […] Сообщение The Council of the EU and the European Parliament have previously pre-negotiated on the provisions on crypto regulation появились сначала на Coinstelegram.
2022-7-7 13:46 | |
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New guidance from the New York Department of Financial Services should shake up how stablecoin issuers do attestation and other reporting, says our columnist.
2022-7-7 19:34 | |
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The world’s third biggest economy wants the Markets in Crypto Assets Regulation to protect investors and set up strict standards for stablecoin issuers.
2022-7-1 22:36 | |
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Stablecoin redemptions have reached a historic high, with more than $10 billion redeemed across major issuers and about $3 billion retired from MakerDAO. Supply Shrinks By At Least $13 billion...
2022-6-16 23:19 | |
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Stablecoin redemptions have reached a historic high, with more than $10 billion redeemed across major issuers and about $3 billion retired from MakerDAO. Supply Shrinks By At Least $13 billion...
2022-6-16 23:19 | |
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The NY Department of Financial Services (DFS), which oversees regulated crypto companies in the state, on June 8, released formal guidelines for United States dollar-backed stablecoin issuers. The post NY stablecoin issuers Gemini, Paxos have to ensure 100% reserves daily under new guidelines appeared first on CryptoSlate.
2022-6-9 01:40 | |
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NYDFS laid out strict reserve and attestation requirements for stablecoin issuers in an effort to better protect consumers and financial institutions.
2022-6-8 16:30 | |
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The collapse of TerraUSD (UST) and its sister token Luna Classic (LUNC) has created an urgency for governments across the globe to reign in the crypto market. The post UK proposes legislation amendments to regulate stablecoin issuers appeared first on CryptoSlate.
2022-6-1 23:20 | |
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In recent times, several central banks have been looking to develop a Central Bank Digital Currency (CBDC) to address the limitations of fiat currencies, especially in cross-border payments. However, Circle, issuers of the USDC stablecoin, have said the development of a CBDC is unnecessary and could produce more harm than benefits. In response to the […]
2022-5-31 16:17 | |
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The SFC’s Eric Yip said the panel will include representatives from each licensed exchange.