‘Historic week’ as stablecoin, self-custody bills advance to House floor

The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets. дальше »

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Has USDT managed to restore investor confidence? Data suggests...

USDT's market cap reached a new ATH, leaving TUSD and USDC behind. Holders confirmed preference by holding USDT, but a new stablecoin is in town. Amid regulatory scrutiny and uncertainty surThe post Has USDT managed to restore investor confidence? Data suggests... appeared first on AMBCrypto. дальше »

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US FSC Chairman Charts New Course For Crypto, Will It Be Enough?

As the world of digital assets continues to evolve at a staggering pace, lawmakers and regulatory bodies are grappling to keep up. In the United States, these efforts have now culminated in a significant push for regulatory clarity in the burgeoning digital asset ecosystem, which encompasses cryptocurrencies, blockchain development, and stablecoin payments. The Financial Services […] дальше »

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US FSC chairman eyes regulatory clarity for crypto, stablecoin ecosystems

The upcoming FSC meeting aims to provide regulatory clarity for cryptocurrencies, blockchain development, stablecoin payments and the broader digital asset ecosystem. дальше »

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US Stablecoin Bill Pushed Back a Week: A Turn for Crypto Regulation in America?

The delay of the US Stablecoin Bill by a week has ignited further discussion on the potential shift in the regulatory landscape. The post US Stablecoin Bill Pushed Back a Week: A Turn for Crypto Regulation in America? appeared first on BeInCrypto. дальше »

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Circle Considers Issuing Stablecoin in Japan Under New Rules

The issuer of the USD coin is considering introducing a stablecoin in Japan, under the country's new regulatory framework. дальше »

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Binance spot trading plunges 70% following regulatory pressures and reintroduction of Bitcoin fees

Binance’s spot trading volume reportedly declined nearly 70% during the second quarter after the exchange reintroduced fees for its most liquid Bitcoin (BTC) pairs, per data from Kaiko. In March, the exchange abandoned its Binance USD (BUSD) zero-fee trading for TrueUSD (TUSD) due to the regulatory challenges facing the BUSD stablecoin. дальше »

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Coinbase raises USDC rewards to 4% amid SEC regulatory scrutiny

San Francisco-based crypto exchange Coinbase has raised its reward rates for USD Coin (USDC), a stablecoin tied to the US dollar. Users can now earn a 4% annual percentage yield (APY) on their USDC holdings. дальше »

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USDC Stablecoin Issuer Circle Gets Regulatory Green Light In Singapore

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). дальше »

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Tether’s USDT sets new all-time high in spite of regulatory concerns

The market capitalization of Tether’s USDT has surpassed the previous all-time high of $83. 2 billion, according to a June 1 statement from the stablecoin issuer. Data from DeFillama showed that around half of USDT’s circulating supply, 42. дальше »

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USDC market cap below $30 billion, struggles signify crypto turmoil

Key Takeaways USDC’s market cap has dipped from $54 billion to $30 billion in the last eight months The stablecoin has lost market share since March, falling from 32% to 23% Regulatory concerns and the fallout from the SVB collapse have plagued the stablecoin, whose struggles signify the capital flight out of the crypto industry […] The post USDC market cap below $30 billion, struggles signify crypto turmoil appeared first on CoinJournal. дальше »

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Circle CEO blames US crypto crackdown for declining USDC market cap

The market cap of USDC, a stablecoin issued by Circle, has reduced nearly by half over the past six months following a regulatory crackdown and banking crisis. дальше »

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Visa reveals “ambitious crypto product roadmap”

Visa’s Head of Crypto announced this on Monday. The company is hiring software engineers to help develop the next generation products in blockchain and stablecoin payments. Visa had reportedly paused its crypto-related projects amid the regulatory uncertainty in the US. дальше »

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Lack of stablecoin regulation could push issuers out of US — Austin Campbell

Lawmakers didn’t reach a consensus between political parties on a stablecoin bill, with one witness warning that this lack of regulatory clarity could drive certain projects abroad. дальше »

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All eyes are on stablecoins: Law Decoded, April 10–17

A week before a hearing in Congress, the United States gets stablecoin regulatory framework.

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Crypto Regulatory: New Stablecoins Draft Bill Introduced in US House of Representatives

Coinspeaker Crypto Regulatory: New Stablecoins Draft Bill Introduced in US House of Representatives The United States Congress is set to discuss a new bill geared towards providing requirements for payment stablecoin issuers, and research on a digital dollar. дальше »

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Binance Observes Largest Stablecoin Net Outflow In History: Report

The cryptocurrency exchange Binance has recently observed its largest stablecoin net outflow in history, as revealed by a report. Binance Has Seen Large Stablecoin Withdrawals Recently Binance has been under some regulatory pressure from the US government this year. дальше »

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The steady decline of stablecoins: Regulatory roadblocks and volatile markets

Top stablecoins declined in market capitalization by over 21% compared to the same period in 2022. However, an increasing Stablecoin Supply Ratio (SSR) could indicate a bullish signal for BitcoThe post The steady decline of stablecoins: Regulatory roadblocks and volatile markets appeared first on AMBCrypto. дальше »

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What Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?

The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny. дальше »

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Binance USD Loses 43% Of Market Cap Value Following Regulation Issues

Binance USD (BUSD) has suffered a significant loss of about 43% of its market cap value in the last 3 weeks following a regulatory crackdown by U. S. authorities. BUSD is a popular token issued by the Paxos Trust Company, and it serves as the native stablecoin of the Binance exchange. дальше »

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TUSD crosses this landmark and reaches $1 billion market cap, more inside

True USD has become the fifth-largest stablecoin by market capitalization. The regulatory concerns with BUSD have made TUSD become a viable alternative. In the past few weeks, True USD [TUSDThe post TUSD crosses this landmark and reaches $1 billion market cap, more inside appeared first on AMBCrypto. дальше »

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Binance USD Stablecoin Gets Booted Off Coinbase Amid Mounting Regulatory Pressure

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Is the SEC’s action against BUSD more about Binance than stablecoins?

The SEC’s enforcement action against BUSD raises questions about whether the regulatory body is focused on the stablecoin market or the crypto exchange Binance. дальше »

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Cryptocurrencies Resilient Despite Weak Stocks, More Regulatory Action: Citi

Stablecoin market caps have stabilized while the percentage of ether in smart contracts continues to rise, the report said. дальше »

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Crypto Regulatory Initiatives Show SEC’s Dominance Among US Regulators: JPMorgan

JPMorgan foresees more regulatory actions on stablecoin issuers, custody and protection of investors’ digital assets and on the unbundling of crypto services, the report said. дальше »

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Paxos In Talks With The SEC, Binance Partnership Over?

According to a Reuters report, Paxos, the first regulated blockchain infrastructure platform behind Binance’s stablecoin BUSD, is in ongoing discussions with the Securities Exchange Commission (SEC) following the regulatory crackdown on this industry. дальше »

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Paxos and SEC Engaging in Discussions over BUSD Stablecoin

Paxos Trust, the issuer of Binance USD, is currently in talks with the U.S. Securities and Exchange Commission (SEC) after the regulatory body stated that Paxos should have registered the token as a security дальше »

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BNB-Bitcoin Ratio Drops to Lowest Level in Six Months on Paxos-BUSD Drama

The recent regulatory action against Binance-branded BUSD stablecoin weighs over BNB token. дальше »

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Bitcoin bulls ignore recent regulatory FUD by aiming to flip $25K to support

Bitcoin’s upward momentum can continue, according to Asian stablecoin demand and the BTC futures premium.

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Is USDC the next Stablecoin to crack under the weight of regulatory pressure?

USDC almost falls victim to the same FUD (fear, uncertainty, and doubt) that recently affected BUSD. We saw an initial surge in USDC volume on the Binance smart chain from around 12 February. дальше »

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TrueFi price explodes as Binance begins minting True USD

TrueFi (TRU/USD) has surged by more than 200% since yesterday after Binance announced that it had minted 50 million True USD (TUSD/USD) stablecoins. The move comes days after the US SEC started a regulatory crackdown on Binance USD (BUSD/USD), Binance’s native stablecoin. дальше »

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Binance CEO says the stablecoin landscape is shifting

The market cap of Binance USD (USD) stablecoin has declined by $2. 45 billion. Over $2. 37 billion has moved from BUSD to Tether (USDT). USD Coin (USDC) has also seen its market cap shrink by about $739 million amid the regulatory events of the past few days. дальше »

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CZ: ‘Landscape is shifting,’ following 15% drop in BUSD market cap

Binance CEO Changpeng Zhao (CZ) said the “landscape is shifting,’ concerning stablecoin movements triggered by recent regulatory pressures. The post CZ: ‘Landscape is shifting,’ following 15% drop in BUSD market cap appeared first on CryptoSlate. дальше »

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Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.” дальше »

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SEC To Sue Firm Behind Failed Terra Stablecoin, Terraform Labs

Nearly a year after the demise of Terra and it’s UST stablecoin, the SEC is in pursuit. It’s the latest in a suite of regulatory hammers that the Securities and Exchange Commission has been bringing to the pavement in crypto lately. дальше »

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Cosmos price outlook: Is ATOM a buy ahead of today’s Rho upgrade?

The Cosmos (ATOM/USD) price broke down from a rising channel this week as cryptocurrencies reacted to the regulatory crackdown on stablecoins, particularly orders against Paxos to cease issuing the Binance USD (BUSD) stablecoin. дальше »

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Binance USD's $16B Market Cap Up for Grabs as Paxos Regulatory Action Stirs Up Stablecoin Rivalry

Tether’s USDT stablecoin will likely be a big winner as Paxos stops issuing Binance USD stablecoin after being sued by the top U.S. securities watchdog. дальше »

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Expert: SEC’s war on crypto just getting started

Marcus Sotiriou, a market analyst at UK-listed digital asset firm GlobalBlock, says the SEC is just starting in its crackdown on crypto. The analyst said this in a note to clients on Monday following regulatory moves against crypto firm Paxos and the stablecoin BUSD. дальше »

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Paxos to Stop Minting Stablecoin BUSD Following Regulatory Action

It was reported on Sunday that the SEC intended to sue Paxos for selling BUSD as an unregistered security. дальше »

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PayPal pauses Stablecoin development amid regulatory crackdown

Fintech giant PayPal has paused the work on its upcoming stablecoin due to the current regulatory environment in the crypto industry.  Its stablecoin development partner Paxos is currently facThe post PayPal pauses Stablecoin development amid regulatory crackdown appeared first on AMBCrypto. дальше »

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CZ says stablecoin regulation will boost adoption

Due to the potential of stablecoins in managing inflation, the algorithmic dollar-pegged digital assets have come under solid regulatory focus. дальше »

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Hong Kong to Require Stablecoin Licensing as Early as This Year

Algorithmic stablecoins like terraUSD will not be accepted under the planned regulatory regime, the Hong Kong Monetary Authority said. дальше »

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Stablecoin legislation may come this year, Bitwise exec says

Bitwise Chief Compliance Officer Kathrine Dowling is optimistic on stablecoin regulation in the US in 2023. According to Dowling, stablecoins will the first to be regulatory as what needs to be done is mostly straightforward. дальше »

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United Kingdom Aims to Establish Regulatory Environment for Stablecoin Payments.

The United Kingdom HM treasury aims to establish a safe regulatory environment for stablecoins. The FSM Bill plans to regulate crypto assets. The post United Kingdom Aims to Establish Regulatory Environment for Stablecoin Payments. appeared first on BeInCrypto. дальше »

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Senator Gillibrand of New York hopes stablecoin legislation will prevail

According to recent reports, Sen. Kirsten Gillibrand, one of the Senate’s most pro-crypto Democrats, said she hopes a regulatory bill will be initiated in the coming weeks. Last-Ditch stablecoin regulations to emerge this year Sen. Kirsten Gillibrand (D-NY) said that… дальше »

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US Sen. Gillibrand Says a Last-Ditch Stablecoin Bill May Still Emerge This Year

Sen. Kirsten Gillibrand (D-N.Y.) said the latest effort on a stablecoin regulatory bill is coming soon, and she hopes it can get some attention before Congress transitions into its new session next year. дальше »

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Circle Secures In-Principle Regulatory Approval From Singapore’s MAS

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. дальше »

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UK Stablecoin Rules Approved by Lawmaker Committee

Rishi Sunak’s government said it wants to “tentatively seize” crypto opportunities as it prepares to widen the regulatory net дальше »

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Terra could leave a similar regulatory legacy to that of Facebook’s Libra

The algorithmic stablecoin ban has sparked a range of arguments in the crypto industry as it is being seen as a watershed moment. дальше »

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Crypto Lender Celsius Shouldn't Reopen Custody Withdrawals, US Trustee Says

The regulatory body tasked with overseeing Celsius’ bankruptcy proceedings has asked a New York judge to deny the failed crypto lender’s recent motions to reopen customer withdrawals and sell off its $23 million in stablecoin holdings, calling the actions impulsive and premature. дальше »

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