UK regulators unveil plans to tame stablecoins

2023-11-6 18:00

The UK is expected to introduce legislation pertaining to fiat-backed stablecoins in the early part of the upcoming year. These discussion papers represent the initial phase in shaping the new The post UK regulators unveil plans to tame stablecoins appeared first on AMBCrypto.

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stablecoins regulators → Ðåçóëüòàòîâ: 115


UK's FCA Chair recommends 'narrowing' regulatory focus on stablecoins and speculative tokens

Just as regulators worldwide are tightening their grip around the cryptocurrency industry, Britain's top financial watchdog appealed for expanding the scope of regulation in the country, albeit with cThe post UK's FCA Chair recommends 'narrowing' regulatory focus on stablecoins and speculative tokens appeared first on AMBCrypto.

2021-9-7 04:00


Ôîòî:

US financial regulators voice concerns over Tether and Facebook’s Diem

Tether (USDT/USD) and Facebook’s Diem, formerly Libra, were the main topic in a recent private meeting that discussed the risks stablecoins pose to financial systems. A report citing people familiar with the matter disclosed this news on July 27, noting that the US Treasury Secretary, Janet Yellen, led the meeting, which comprised the President’s Working […] The post US financial regulators voice concerns over Tether and Facebook’s Diem appeared first on Invezz.

2021-7-29 16:34


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Tether (USDT) and Facebook-Backed Diem Discussed at the Yellen Closed-Door Meeting

Tether and Facebook-backed Diem were the primary topics in the U.S. meeting of regulators recently. According to reports, the meeting was held to address the financial risks posed by stablecoins.  More Details About The Concern The President’s Working Group on Financial Markets and a team of watchdogs led by Janet Yellen raised their concerns, citingRead More

2021-7-29 15:00


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FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls

The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote financial inclusion.

2020-10-18 17:05


Global Monetary Enforcer FATF Shares Concerns About Libra And Stablecoins

The Financial Action Task Force (FATF), one of the most important financial regulators in the world, has recently voiced some concerns about Facebook’s Libra project. According to the institution, Libra and other stablecoins could pose several risks if they were to achieve mass adoption, especially when considering money laundering and terrorist financing. Xiamgmin Liu, the […]

2019-10-19 22:34


Ôîòî:

European Regulators won’t Oppose Stablecoins but Double-Down on Libra Warning

Benoit Coeure, a French economist and executive director on the ECB, believes now is the time to step up the weight of regulation for digital currencies. As per Bloomberg, Coeure believes Bitcoin and other major FinTech innovations were being closely watched and allowed to unravel in their sandbox, but now with Libra, there is anRead MoreRead More.

2019-10-18 19:00


Ôîòî:

Libra Roundup: G7 Voice Concerns, Senator Adds Support, New Study Emerges

Today, G7 countries have documented their concerns about the impact of stablecoins on the global monetary system, US Senator Michael Rounds has offered fresh words of support, and a new survey has emerged on Libra adoption 67% of Nigerian Businesses Would Welcome Libra While Facebook’s intention to launch a global digital currency sparked reactions among governments and regulators in developed countries, no-one has bothered to ask the opinion of potential users, especially in developing countries.

2019-10-18 14:00