Nigeria to regulate stablecoins and ICOs

2023-1-11 10:25

The newly released CBN vision 2025 documents highlight the possibility of using a regulated stablecoin for payments and raking in foreign direct investments from the initial coin offering model.

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USDx stablecoin (USDX) на Currencies.ru

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foreign stablecoin raking payments direct offering model

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Источник: btcmanager.com

foreign stablecoin → Результатов: 18

Japan Plans to Allow Local Listing of 'Foreign' Stablecoins Such as USDT and USDC: Nikkei

The Financial Services Agency is seeking feedback on new stablecoin regulations set to take effect in 2023.

2022-12-28 17:27	policy
feedback seeking agency services new regulations 2023

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Japan Plans to Allow Local Listing of 'Foreign' Stablecoins: Nikkei

The Financial Services Agency is seeking feedback on new stablecoin regulations set to take effect in 2023.

2022-12-27 17:27	policy
new stablecoin feedback seeking regulations set 2023

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With Japan set to lift its stablecoin ban, crypto enthusiasts can expect this in 2023

The Financial Services Agency is expected to reportedly lift its ban on foreign issued stablecoins in 2023 These stablecoins will be managed by local distributors who will have to ensure consumThe post With Japan set to lift its stablecoin ban, crypto enthusiasts can expect this in 2023 appeared first on AMBCrypto.

2022-12-27 02:30	News
ban 2023 lift stablecoins japan set stablecoin

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Klein Finance: A Decentralized Exchange on KuCoin Community Chain

Klein Finance is a decentralized exchange that is used to provide liquidity and trade KCC20 tokens on the KuCoin Community Chain. The exchange is known for enabling fast, efficient, and low-slippage stablecoin swaps, which tends to prove that decentralized token exchanges are not only feasible but also more efficient than traditional foreign exchange transactions. It […]

2022-5-21 18:33	Press Release
exchange decentralized klein efficient finance chain kucoin

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Demand for bitcoins and USDT in Moscow jumps sharply due to ban on foreign cash exchange

According to analytical services, over the weekend, buy and sell operations with cryptocurrencies for Russian national currency exceeded 4 billion rubles. The main demand fell on the stablecoin USDT, as well as bitcoins.

2022-3-12 19:52	News
demand usdt bitcoins national russian operations currency

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USDC’s ‘Breakthrough’ Use-Case, US Govt. to Distribute Aid to Venezuela via the Stablecoin

With the support and licensing from the US Government, Circle is providing foreign aid through the USDC stablecoin to the people of Venezuela. Circle said, “While this may be the first time, it will no doubt not be the last as global stablecoins firmly arrive on the world stage as a foundational infrastructure in the […] The post USDC’s ‘Breakthrough’ Use-Case, US Govt.

2020-11-22 19:06
usdc circle stablecoin venezuela use-case breakthrough govt

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Stablecoin Issuers Be Warned: New York AG’s Arm Is Long

New York’s State attorney general has wide latitude to investigate a foreign entity like iFinex, said a NY appeals court.

2020-7-26 17:00	Court
york new latitude investigate wide attorney foreign

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Stablecoins Can Temper US Dollar Hegemony Risks, Says Non-Profit Exec

The systemic risks posed by U.S. dollar domination of global foreign currency reserves could be tempered by stablecoin issuance, analysts argue in a new piece for the WEF

2019-11-27 11:10	Cryptocurrencies
risks dollar stablecoin issuance reserves could tempered

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Swiss Central Bank Dreads Scary Foreign Stablecoin Crypto

Switzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path for cryptocurrency projects such as Libra.

2019-9-7 20:17
bank foreign swiss central crypto scary dreads

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Facebook allegedly raising as much as $1 billion for its cryptocurrency stablecoin

Facebook is looking for VC firms to invest in its cryptocurrency project for sums as large as $1 billion, according to NY Times reporter Nathaniel Popper. The company is allegedly designing its crypto as a stablecoin for WhatsApp using a basket of foreign currencies as collateral.

2019-4-9 06:03	WhatsApp
cryptocurrency facebook stablecoin billion allegedly raising much

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TrustToken Unveils TrueGBP, A British Pound Stablecoin

One of the leading stablecoin providers has revealed their latest token offering. TrustToken, which launched the TrueUSD last year, says the new token will represent a digitized form of British currency: the TrueGBP.

2019-4-2 16:10
stablecoin british truegbp trusttoken new token unveils

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Facecoin To Replace U.S. Dollar? Facebook Claims It’s “Helping People”

We’re all still thinking like regular crypto heads when it comes to what Facebook’s Mark Zuckerberg has up his sleeve with his stablecoin. The Zuck’s not thinking about just creating his own crypto.

2019-3-25 01:30
facebook helping people replace claims dollar livingston

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BlockFi Announces Global Expansion of Its Crypto-Backed Loan Services

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	Startups
blockfi services prince bitcoin usd loan said

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HUOBI Group Sets up Shop in Africa, Middle East and South Asia

Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents.

2018-10-26 21:07	Adoption & community
huobi company stablecoins blockchain wallet usd support

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Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07	Digital assets
stablecoins tether stablecoin stable usdt eichengreen bitcoin

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Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain

Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).

2018-9-11 01:58	Investing
gemini paxos standard dollar stablecoins tokens ethereum

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White Standard Stablecoin Launches on Stellar-Based Exchange

Known for its fast transaction speeds and low friction payments, the Stellar network offers users tools for value exchange across borders. On Aug. 23, The White Company and Fintech’s Interstellar joined forces to bring users seamless foreign currency withdrawals and deposits via a new stablecoin.

2018-8-25 22:00	Stellar
white stablecoin exchange launches standard stellar-based users

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Binance’s Gambaryan released after 8 months in Nigerian prison

The detained Binance exec leaves Nigeria after all charges were dropped.

Binance's Gambaryan Free to Leave Nigeria for Medical Treatment After Money Laundering Charges Dropped: Reports

Nigeria's government has withdrawn the money laundering charges against Binance executive Tigran Gambaryan, local news outlet Punch reported first on Wednesday.

Binance executive Tigran Gambaryan to be set FREE as Nigerian government drops all charges

The Nigerian government has officially dropped all charges against Tigran Gambaryan, a Binance Holdings executive, who had been detained since February. On Oct. 23, the Nigerian Economic and Financial Crimes Commission (EFCC) announced the case withdrawal at the Federal High Court in Abuja.

Binance ‘deeply disappointed’ by Nigerian court’s refusal to grant Gambaryan bail

Binance has expressed disappointment over a Nigerian court’s decision to deny bail to its executive, Tigran Gambaryan. On Oct. 11, the High Court in Abuja rejected Gambaryan’s latest bail request, citing procedural issues.

V-shaped recoveries historically bullish for Bitcoin as market rapidly retakes $61,000

Bitcoin briefly fell below $59,000 last night before rebounding to reclaim the critical $61,000 level in a rapid V-shaped recovery. Historical data indicates that similar swift recoveries on a 30-minute resolution have consistently led to either higher gains or sideways trading, with few instances of further declines.

Binance Executive Tigran Gambaryan Denied Bail in Nigeria

The Binance executive has been detained in Nigeria since February.

Binance CEO responds to launchpool accusations, discusses crypto scams

During a recent AMA, Binance CEO Richard Teng addressed accusations of misusing Launchpool funds, discussed the HBO documentary on Bitcoin’s creator, and outlined the company’s efforts against crypto scams.

2023-1-11 10:25

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