2021-10-6 13:53 |
Stablecoins to face the same regulations as PayPal or Western Union
Similar to Notcoin - Blum - Airdrops In 2024
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The Bank of England and the US House Financial Services Committee are considering new rules and regulations for stablecoins. Stablecoins offer the possibility of greater efficiency and functionality in payments, but currently sit outside a regulated framework.
2023-4-26 03:01 | |
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Stablecoins like Tether (USDT/USD) and Circle Internet Financial’s USD Coin (USDC/USD) could see bank-like regulations imposed from US President Joe Biden and his administration, sources told The Wall Street Journal.
2021-10-2 22:23 | |
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HSBC, a British multinational investment bank and a financial services firm, has scrutinized cryptocurrencies and stablecoins, claiming the lack of regulations in the space pose threats to investors.
2021-9-25 23:14 | |
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Bitcoin and stablecoins have seen a lot of attention during the past week. After the Securities and Exchange Commission (SEC) Chairman Gary Gensler took part in a U. S. Congressional Hearing, the looming threat of new regulations against the sector growths.
2021-9-16 01:00 | |
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Central bank digital currencies, or CBDC’s, are unlikely to significantly solve the problem of facilitating international cross-border online services, unless central banks put heavy regulations on global stablecoins like Diem.
2021-8-10 19:43 | |
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Declining use of cash and rapid rise in crypto, especially stablecoins, drove POC’s digital fiat development, which will coexist with physical RMB. In its whitepaper, e-CNY claims to offer anonymity for small value and collects less transaction information than traditional electronic payment unless, of course, “stipulated otherwise in laws and regulations.
2021-7-17 19:04 | |
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Japanese officials are aiming for more global regulations against digital currencies and stablecoins
2021-7-16 17:16 | |
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Powell stated that stablecoins need stricter regulations if they are to be part of the payment universe.
2021-7-15 00:54 | |
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Fitch notes potential asset contagion risks posed by stablecoins could lead to tighter regulations for the industry.
2021-7-5 11:11 | |
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In order to go beyond the crypto ecosystem, stablecoins need solid regulations, Paxos CEO Charles Cascarilla said.
2021-6-24 12:23 | |
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The Avanti Financial CEO says Bitcoin shouldn’t be leveraged and that regulations for stablecoins are underway.
2021-6-15 21:45 | |
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The Bank of Thailand (BOT) is set to draft regulations on stablecoins by the end of 2021. This comes following growing criticism from financial regulations regarding unlicensed stablecoins issued by private companies.
2021-3-21 18:31 | |
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The growth of cryptocurrencies over the past couple of years has pushed many countries towards stricter regulations, while some have moved to ban the asset class altogether. Thailand is one of the forThe post Thailand's central bank planning to regulate stablecoins this year appeared first on AMBCrypto.
2021-3-19 18:30 | |
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After issuing a warning against a Baht-pegged stablecoin produced by a South Korea-based firm, Thailand plans to introduce a series of regulations for stablecoins in 2021.
2021-3-19 15:00 | |
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The European Central Bank finally tables its official opinion regarding crypto regulations to the top decision-making again, European Commission. In their official opinion, the ECB now wants the EU members of parliament to grant its veto powers regarding the legal status of stablecoins such as Facebook-supported-Diem.
2021-2-23 21:11 | |
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The U.K. government is focusing on stablecoins for the next phase of its development of crypto regulations.
2021-1-12 19:18 | |
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The Office of the Comptroller of Currency has announced on January 4 that financial institutions like banks can now make use of stablecoins and blockchains to process payments, via a letter. The OCC informed banks that they could use these new methods as long as they comply with regulations and best banking practices in the US.Read More
2021-1-6 11:00 | |
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The financial working group of the US government has indicated that Stablecoins must meet certain regulatory standards to be accepted in the country. This comes after the controversial stablecoin bill that has been proposed by US lawmaker Talib Rashid.
2020-12-27 12:00 | |
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According to the working group, the new regulations specifically target stablecoins: “These requirements address a range of policy objectives, including safety and soundness, countering illicit finance, end-user protection, and market integrity.
2020-12-24 15:43 | |
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Stablecoins and continentwide regulations are key to breaking down barriers to Africa's economic growth.
2020-12-4 19:13 | |
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The Bank for International Settlements is the latest major financial organization looking to implement industry-standard regulations in the stablecoins arena. Meanwhile, several nations are also working towards creating their own central bank digital currencies (CBDCs) which are seen by some commentators as being driven by private stablecoin projects like Facebook’s Libra.
2020-11-26 02:01 | |
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The government of the United Kingdom is making active plans to transform the nation’s financial ecosystem and ultimately make the region a hotbed for innovative businesses. The government says it plans to formulate amenable regulations for stablecoin initiatives and central bank digital currencies (CBDCs), according to a statement November 9, 2020.
2020-11-11 22:00 | |
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The UK has revealed that it is working on regulations for stablecoins as it...
The post UK Treasury drawing up stablecoin regulations appeared first on Coin Journal.
2020-11-11 14:22 | |
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The United Kingdom has announced forthcoming regulatory proposals for stablecoins and ongoing research into CBDC.
2020-11-11 08:03 | |
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Members of European Union have decided to make use of distributed ledger technology and adopt crypto-assets such as stablecoins, by 2024, in order to introduce new regulations to make cross-border payThe post By 2024, EU will put in place a comprehensive framework on DLT, crypto-assets appeared first on AMBCrypto.
2020-9-18 21:40 | |
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The 168-page long leaked version of the draft legislation of “Markets in Crypto Assets (MiCA)” by the European Commission provides legal certainty about digital currencies. To be issued later this month, the set of regulations will be covering the issuance and trading of digital assets across the bloc.
2020-9-17 19:10 | |
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Several European countries have united to advocate regulations that could greatly restrict stablecoins and asset-backed cryptocurrencies, according to a report published by Reuters this week.
2020-9-12 04:46 | |
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Bank of England Governor Andrew Bailey wants coordinated global regulation around stablecoins as the payment method picks up steam.
2020-9-3 17:50 | |
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This week, Central banks got recommendations to heavily regulate, if not ban, stablecoins. The recommendations were outlined by the Financial Stability Board (FSB). This organization makes recommendations about financial systems to central banks and finance ministers of G20 member countries.
2020-4-19 21:51 | |
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Regulations can help not only legitimize stablecoins but also increase their global popularity, as per many experts
2020-4-19 21:21 | |
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Facebook’s Libra cryptocurrency project has undergone major changes. A number of key areas have been redesigned, including the payment system, the Libra cryptocurrency, and the addition of new single-currency stablecoins.
2020-4-19 17:35 | |
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The Financial Stability Board (FSB) has issued recommendations calling for a unified approach to crypto regulations for stablecoins that adequately account for the risks posed by global private payment projects like Facebook’s Libra.
2020-4-15 14:30 | |
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European Union (EU) lawmakers have released a report detailing possible approaches towards crypto regulations for some of the industry’s “gray areas,” which include mining, stablecoins, and token sales like initial coin offerings (ICOs).
2020-4-14 21:00 | |
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The report was published on March 23 and shed more light on the legal uncertainty around stablecoins. IOSCO highlighted an example that sounds pretty similar to Facebook’s Libra. According to the summary, if an entity runs its own stablecoin on a private blockchain with a unique form of governance, then the asset falls under securities […]
2020-3-26 17:30 | |
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The cryptocurrency industry has immensely grown in terms of popularity over the years, along with which the regulations surrounding the same have also witnessed a change. Regulators from all around thThe post MakerDAO founder: Govts need not be ultimate judge on regulating stablecoins appeared first on AMBCrypto.
2019-12-9 22:32 | |
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The Financial Crimes and Enforcement Network has revealed its stance on stablecoins. Kenneth A. Blanco, director of the U. S. government body, has declared that stablecoins are a form of money transmission and must be regulated as such.
2019-11-20 20:53 | |
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Leaders of G20 met on Friday, and have reportedly agreed to set strict regulations for stablecoins like Facebook’s Libra. They warned that the issuance of stablecoins should disallowed until the risks they pose to global economies are addressed.
2019-10-19 14:30 | |
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Arizona's fintech program has added a controversial startup using stablecoins to evade federal regulations
2019-8-1 23:30 | |
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By CCN: USAA and State Farm have reportedly closed a deal that will see them using the blockchain to pay each other. So when two people get in an accident, and they’re represented by either of the companies, the company that has to pay will eventually be using a blockchain solution to settle the inter-company payment.
2019-6-1 15:40 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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Stablecoins are the latest innovation to emerge over the past year and have the potential to revolutionize not only virtual currency markets but to also become a new mechanism for worldwide commerce.
2019-2-27 14:58 | |
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Circle’s USD Coin (USDC) has released an independent, third-party attestation of its bank account, and according to a top 5 public accounting firm, the stablecoin has its funds in order.
2018-11-22 22:05 | |
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Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.
2018-10-31 17:17 | |
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With the exception of the SEC’s FinHub announcement, it has been a quiet week for regulatory news — something we’ve been getting a lot of recently as U. S. officials clamp down on unscrupulous coin offerings and crypto companies.
2018-10-20 17:49 | |
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Clampdown on Crypto in India Births Alternative Cryptocurrency startup, Unocoin, has taken measures to continue to operate in India despite a clampdown on cryptocurrency trading by authorities in the country.
2018-10-18 20:25 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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