Canada launches consultations on crypto, stablecoins, CBDCs

Canada’s government announced it is launching consultations on cryptocurrencies, stablecoins, and central bank digital currencies (CDBCs) to address illicit crypto activities, according to a November 3 mini-budget fiscal update by Deputy Prime Minister Chrystia Freeland. дальше »

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Canada includes consultation on crypto, stablecoins, CBDCs in Economic Statement

The Canadian federal government yesterday announced the launch of a consultation paper on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs). The information was revealed in thThe post Canada includes consultation on crypto, stablecoins, CBDCs in Economic Statement appeared first on AMBCrypto. дальше »

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Canada to examine crypto, stablecoins and CBDCs in new budget

Canada’s government stated its concerns about the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation. дальше »

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Gibraltar Will Focus on Stablecoins and DeFi Lending After Market Turmoil

The country wants to develop its regulatory framework for crypto, Albert Isola MP, Minister for Digital and Financial Services said in an interview with CoinDesk. дальше »

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The UK has a new name for stablecoins and a new bill to regulate crypto

The proposal is another ripple of recognition for the Bitcoin, crypto and digital assets industries in the United Kingdom.

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Stablecoins Could ‘Fundamentally Alter’ Banking System, Says US FDIC Chief

Stablecoins could have such a profound effect on the established banking system that U.S. regulators need to require that the digital tokens fit in without disrupting it, said Martin Gruenberg, the acting chairman of the Federal Deposit Insurance Corp. дальше »

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Bank of England Must Consider Private Stablecoins in Developing Digital Pound, Lobbyist Says

Anti-fraud measures might need to go wider, committee members considering new stablecoin laws heard from private sector witnesses дальше »

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IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year

An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new “Digital Asset” category. дальше »

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Fintech App Eco to Convert User Balances From US Dollars to USDC

Eco will use digital settlement-service platform Zero Hash to custody the stablecoins. дальше »

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Bitcoin think tank says 'No' to CBDCs and lends credence to...

The Central Bank Digital Currencies (CBDCs) should be rejected, and in their place, the United States should look to Bitcoin (BTC) and stablecoins, according to the U.S. think tank Bitcoin Policy InstThe post Bitcoin think tank says 'No' to CBDCs and lends credence to... appeared first on AMBCrypto. дальше »

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Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead

The paper’s authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom, but crypto is a viable alternative. дальше »

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Central Banks Will Always Be Source of Trust in Money, Says Fed Chair

Federal Reserve (Fed) Chairman Jerome Powell has spoken at the Conference on Opportunities and Challenges of the tokenization of finance, hosted at the Louvre by the Banque de France. In his comments, the Fed chairman addressed the current “DeFi winter,” the utility of stablecoins, and reiterated that a dollar-based central bank digital currency was still … Continued The post Central Banks Will Always Be Source of Trust in Money, Says Fed Chair appeared first on BeInCrypto. дальше »

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Stablecoin Reserves Must Be “Publicly Transparent”: Jerome Powell

Jerome Powell, Christine Lagarde, Ravi Menon, and Agustn Carstens shared their thoughts on several topics, including DeFi regulation, stablecoins, and central bank digital currencies. Fed Chair Talks Stablecoins The Federal... дальше »

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Adirize DAO: A Crypto Network With Exciting Utilities Similar To Cardano And Curve DAO

Stablecoins have grown to become essential cryptocurrencies in the crypto space. These digital assets introduce some form of stability into the highly volatile coin market. Since their inception, stablecoins have taken different forms. дальше »

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US Stablecoin Bill Negotiations Wrestled Over Digital Dollar Approval: Source

Democrats pushed for a provision directing the U.S. Federal Reserve to move forward on a digital dollar, but the negotiations concluded with a new directive for another Fed study in this year’s ongoing legislative effort to regulate stablecoins, according to a person familiar with the talks. дальше »

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Australian senator releases draft bill to push for crypto regulation

Australian liberal senator Andrew Bragg released a draft bill to provide regulation of stablecoins, digital asset exchanges, and disclosure requirements for the Chinese CBDC, e-Yuan, on September 19. дальше »

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Australian senator drafts bill aimed at stablecoin, digital yuan regulation

Senator Andrew Bragg on Monday released a draft bill aimed at regulating crypto exchanges, stablecoins and the digital yuan.

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California Assembly Passes Crypto Regulation Bill That Requires Bank-Issued Stablecoins

The Digital Financial Assets Law, which is similar to New York’s BitLicense, has been criticized by industry stakeholders. дальше »

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FASB Crypto Accounting Review Won’t Include NFTs, Certain Stablecoins: Report

The accounting standards body outlined its criteria for crypto assets that would be covered by a forthcoming rule regarding companies and their digital assets. дальше »

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Built to fall? As the CBDC sun rises, stablecoins may catch a shadow

Will central banks allow stablecoins to survive? Can they peacefully co-exist with central bank digital currency as a financial instrument for the unbanked? дальше »

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Crypto custody platform Fireblocks integrates security token issuance solution from Tokeny

Fireblocks, a provider of blockchain asset and crypto custody technology, today announced it has integrated Tokeny into its platform. The integration will enable clients of Fireblocks the ability to mint and manage permissioned tokens such as digital securities, stablecoins, and loyalty programs across apps, payment networks, and more. дальше »

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Bitcoin, Stablecoins the Worst Options for Cross-Border Payments, ECB Study Says

A senior central banker reckons state backed digital currencies are a better bet to make cross-border transactions quicker and cheaper – or just stitching together existing networks дальше »

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ECB believes CBDCs are better than Bitcoin for cross-border remittances

The European Central Bank’s (ECB) latest study regarding an ideal cross-border payment system claims central bank digital currencies (CBDCs) are superior to Bitcoin, stablecoins, and other traditional banking means including SWIFT. дальше »

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Domino Effect On Stablecoins Leads To Reversal Of Growth Trend

The crypto bear market of 2022 has spared no digital asset in the space, and stablecoins have been no different. The assets which have always served as a safe haven for investors when it comes to the high volatility of the crypto market had seen a drawdown coming into the new year. дальше »

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UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology. дальше »

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Bank of Russia opposes private stablecoins in the country

Russia's central bank sees the digital ruble as the only technological payment option to support.

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Fed conference hears stablecoins may boost USD as global reserve currency

The underlying tech of a central bank digital currency wasn’t enough to convince some panelists at a Fed conference that it could change the international currency system. дальше »

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US-UK FIP June Meeting Signals Countries’ Interest In Digital Assets & Stablecoins

The US-UK Financial Innovation Partnership held its third Regulatory Pillar meeting on 29 June. Both countries’ representatives met in London to discuss subjects of mutual interest in the area of the growing industry of crypto assets and stablecoins. дальше »

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CBDC may threaten stablecoins, not Bitcoin: ARK36 exec

A state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a decentralized cryptocurrency, one industry exec believes. дальше »

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U.S. Fed says recent strain highlights ‘structural fragilities’ in stablecoin sector

The Federal Reserve views stablecoins as an area of concern due to the recent strain on the digital assets, noting that this has highlighted the “structural fragilities in that rapidly growing sector. дальше »

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USDC Market Cap Soared More than $4 Billion in May

USDC was one of the few digital currencies that was able to withstand the selling pressure that engulfed the market in May leading to a rise in one of the most used stablecoins. The post USDC Market Cap Soared More than $4 Billion in May appeared first on BeInCrypto. дальше »

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Luna Only Makes Bermuda Love Stablecoins More

Digital assets are the future, the island’s premier David Burt told us at the Consensus 2022 conference – and he’s not worried about being shut out by jurisdictions like the EU. дальше »

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Crypto Market Bloodbath: Bitcoin Crashes to $23,000, Two Stablecoins Lose Their Peg

Digital assets market is struggling to exit death spiral fueled by inflation data and funds outflow дальше »

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Citi Says Crypto Market Volatility Has Affected User Adoption

Concerns about stablecoins following UST’s collapse have exacerbated declines in digital asset prices, the bank said. дальше »

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Jewel Bank Approved as Bermuda's First Digital Asset Bank as Premier Burt Readies to Take Nation Into Stablecoins

The Bermuda-based bank will take advantage of crypto-friendly regulations to service global digital asset firms. дальше »

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New Crypto Regulations in Japan Could Allow Authorities to Seize Stolen Digital Assets

After passing a landmark bill to regulate stablecoins, Japan might become yet another major economy to revise its laws to seize illegally obtained crypto. The post New Crypto Regulations in Japan Could Allow Authorities to Seize Stolen Digital Assets appeared first on BeInCrypto. дальше »

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Japan’s Parliament Introduces Framework For Stablecoins To Protect Investors

According to Bloomberg, Japan’s parliament enacted a legislative framework surrounding stablecoins pegged to the yen or another fiat currency on Friday. This is a historic move. The bill makes it clear that stablecoins are digital money. дальше »

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UK Treasury Strengthens Regulations Around Stablecoins Following UST Collapse

In response to the recent collapse of controversial crypto project Terra, Britain is looking into ways to ensure stablecoins don’t threaten their wider financial system. Her Majesty’s Treasury printed a new consultation paper on Tuesday, May 31, 2022, regarding minimizing the risks of the possible collapse of stablecoins and many more digital currencies by utilizing […] дальше »

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Stablecoins Face U.K. Regulation Following UST Collapse

The U.K. government has published a paper exploring ways to mitigate the financial stability issues associated with digital payment assets. The development comes after the collapse of UST, previously the... дальше »

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Stablecoins: Digital Dollars Demystified

This article by Notional Finance provides an up-to-date examination of today's crypto stablecoin sector, and explains the pros and cons of the stabilization methodologies of all the current stablecoin assets. дальше »

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Fed Vice Chair Lael Brainard Says CBDC Could Coexist With Stablecoins

A well-designed central bank digital currency could complement stablecoins and cash, Brainard will say in front of the House Committee of Financial Services on Thursday. дальше »

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Digital Money: How Does it Shape the New World Order?

The assumption that CBDCs are more reliable than stablecoins should raise some eyebrows

The post Digital Money: How Does it Shape the New World Order? appeared first on BeInCrypto.

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FCA will ‘absolutely’ consider recent stablecoin depegging when drafting crypto rules: Report

The United Kingdom’s Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets. дальше »

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FCA will 'absolutely' consider recent stablecoin depegging when drafting crypto rules: Report

The United Kingdom's Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets. дальше »

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EU regulators criticize stablecoins to promote Euro CBDC

EU regulators are using the recent Terra Luna situation to push forward with a Digital Euro CBDC. The post EU regulators criticize stablecoins to promote Euro CBDC appeared first on CryptoSlate. дальше »

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Jewel chooses ERC-3643 and Tokeny platform to issue stablecoins on Polygon

Jewel, a Bermuda-based digital asset banking platform, announced today a partnership with Tokeny, a blockchain-asset compliance infrastructure provider. Through the partnership, Jewel will power real-time settlement for digital asset institutions via its own bank-issued USD stablecoin on the Polygon, the popular blockchain development platform, offering scalable and sustainable Web3 infrastructure. дальше »

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Digital euro could come as soon as 2026 — ECB official

Commenting on the recent market volatility, Fabio Panetta also said stablecoins were still “vulnerable to runs,” just as investing in cryptocurrencies carried certain risks. дальше »

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Gensler attacks USDT, USDC, BUSD while Do Kwon takes his 'razor focus to deliver'

The U.S. SEC Chair Gary Gensler criticized stablecoins and digital asset exchanges for trading against their customers. This criticism comes at a low point for the crypto market which is currently goiThe post Gensler attacks USDT, USDC, BUSD while Do Kwon takes his 'razor focus to deliver' appeared first on AMBCrypto. дальше »

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Bipartisan bill to give CFTC authority over exchanges and stablecoins

The Digital Commodity Exchange Act would give the commodities regulator the authority to determine rules for cryptocurrency developers and exchanges offering spot trading. дальше »

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Gold-backed digital assets outperform Bitcoin, Ethereum

With the crypto market going through circles of red runs, gold-backed stablecoins like Pax Gold (PAXG) and Tether Gold (XAUT) are defying the odds and are returning positive returns for their investors, according to a Reuters report. дальше »

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