2022-8-17 16:43 |
While there is no shortage of legislative initiatives to regulate stablecoins, the idea of the American CBDC remains problematic.
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To properly regulate stablecoins in the U.S., look at e-money abroad, says Marcelo Prates, a speaker at Consensus 2024.
2024-5-10 22:54 | |
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UK’s exchequer has just affirmed its vow to regulate stablecoins to create a healthy environment for stablecoin issuers and service providers, given the recent TerraUSD (UST) and Terra (LUNA) market crash.
2022-5-18 16:00 | |
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Another country has entered the cryptocurrency party, and it’s a big one. The United… The post UK embraces crypto, looks to regulate stablecoins appeared first on Coin Journal.
2022-4-5 22:58 | |
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The UK is expected to introduce a fresh set of rules to regulate the cryptocurrency sector. The regulations will focus on stablecoins. Stablecoins are cryptocurrencies backed by other assets such as fiat currency, commodities or other coins.
2022-3-28 13:32 | |
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During the Senate Banking Committee hearing on stablecoins, a call for regulating the fiat-backed stablecoins was made, but what they will look like is to be seen. “Let’s be clear about one thing: if you put your money in stablecoins, there’s no guarantee you’re going to get it back,” Senate Banking Committee Chairman Sherrod Brown […] The post Senate Banking Committee Split on How to Regulate Stablecoins first appeared on BitcoinExchangeGuide.
2021-12-15 17:02 | |
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"There's a real recognition that as these payment stablecoins grow, they could grow at internet scale relatively quickly," Circle CEO said.
2021-11-13 16:28 | |
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Charles Cascarilla, the co-founder and CEO of stablecoin issuer Paxos, believes the Biden administration’s move to regulate stablecoins is a good step in the right direction. He shared his sentiments during a November 3 interview, noting that he expects more dialogue on the matter.
2021-11-5 16:37 | |
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PWG also called for “urgent” Congressional action to regulate stablecoins to address the prudential risks posed by stablecoins. But nothing big is happening “any time soon.” The post Stablecoins Support “Faster and More Inclusive” Payments Options, says the Biden Administration’s Report first appeared on BitcoinExchangeGuide.
2021-11-2 16:39 | |
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The US Securities and Exchange Commission (SEC) has moved closer to having significant oversight on stablecoins, said Bloomberg in a report citing people familiar with the matter. The Treasury Department and other agencies are reportedly planning to release a report this week that will indicate that the SEC has significant authority to regulate fiat pegged […] The post SEC to Gain Significant Oversight on Stablecoins, Tether to Test Notabene’s Travel Rule Solution to Comply with FATF Guidelines first appeared on BitcoinExchangeGuide.
2021-10-26 16:02 | |
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U. S. Treasury Secretary Janet Yellen has asked the regulators overseeing crypto assets to “act quickly to ensure there is an appropriate U. S. regulatory framework in place” for stablecoins.
2021-7-21 05:00 | |
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U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for new authorities,” said […]
2021-7-17 18:30 | |
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The central bank of Thailand is currently busy with the development of a CBDC and is focused on forming policy guidelines to regulate stablecoins for more reliable digital payment channels. The post Bank of Thailand Warns Against Using Digital Assets as Payment for Goods and Services first appeared on BitcoinExchangeGuide.
2021-7-9 17:17 | |
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DeFi remains crypto’s Wild West, and billionaire Mark Cuban wants to change that
2021-6-17 18:46 | |
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A British government official stated that Britain’s primary focus would be to regulate stablecoins, rather than the extensive cryptocurrency market. Stablecoins’ Perceived Threat Propels Calls for Regulation According to Reuters on Tuesday (Mar.
2021-4-1 23:00 | |
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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 legislation’s supporters claim this will help deter bad actors. Some crypto advocates see it as unnecessary regulation. Stablecoin Stability On Dec 2, 2020, Rashida Tlaib, Jesus Garcia, and Stephen Lynch, three congresspeople, introduced the Stablecoin, Tethering, and Bank licensing Enforcement (STABLE) Act.
2020-12-5 20:52 | |
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The need to regulate global stablecoins like libra doesn't mean authorities can't embrace innovation, according to according to a BIS working paper.
2020-11-25 12:31 | |
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The UK Treasury Department is working on a draft to regulate privately-owned stablecoins. The department disclosed this news on November 9 through an official announcement, noting that it is also researching how it could use a Central Bank Digital Currency (CBDC) as an alternative to cash.
2020-11-10 15:23 | |
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The Financial Stability Board (FSB) has released 10 high-level recommendations for regulation, supervision, and oversight of “global stablecoin” in its latest report on Tuesday. The international body that monitors and makes recommendations about the global financial system says global stablecoins must adhere to all applicable regulatory standards before commencing operation.
2020-10-15 19:23 | |
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The Financial Stability Board has warned that global stablecoins could pose systemic risks to the monetary systems of nation-states.
2020-10-15 06:46 | |
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Coinspeaker EU Reveals Its Plans to Regulate Cryptocurrencies and StablecoinsThe EU has realized that the future of finance is digital and Valdis Dombrovskis has indicated that the regulatory push will help to prevent market segmentation within the EU.
2020-9-26 17:05 | |
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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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European countries are in favor of regulating fiat-backed cryptos, stablecoins. Spain, Italy, France, Germany, and the Netherlands backed the European Commission’s goal to regulate stablecoins. Until the regulatory, legal, and oversight challenges have been addressed, the five countries said on Friday that stablecoins should not be allowed to operate in the EU.
2020-9-12 19:58 | |
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Finance ministers from five European countries have called on the EU Commission to introduce tough regulation for stablecoins.
2020-9-12 18:11 | |
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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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Central banks are concerned about the widespread adoption of stablecoins threatening the global financial system. As they make recommendations to heavily regulate or even ban them, the Crypto market now faces its biggest threat yet.
2020-4-16 16:21 | |
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The G20 is setting rules to regulate stablecoins such as Facebook’s Libra cryptocurrency. Responding to a call by the G20, the Financial Stability Board (FSB) has provided 10 “high-level” recommendations that establish a regulatory framework for stablecoins.
2020-4-16 07:30 | |
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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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The United States' Securities and Exchange Commission [SEC] seems to be very active in the crypto-industry now, following its several attempts to regulate various parts of the industry. Recently, the The post SEC Chairman highlights DLT, stablecoins, Libra before Senate Banking Committee appeared first on AMBCrypto.
2019-12-11 10:00 | |
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Stablecoins are one of the most consistent assets of the cryptocurrency industry, and there have already been many countries and companies to come out with their own versions. While the idea of having an asset pegged to an asset is appealing to some, the European Union is notably setting themselves apart. While the EU isn’t […]
2019-11-7 02:52 | |
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Contrary to earlier reports, a source tells CoinDesk the EU isn't looking to issue its own digital currency in response to Libra.
2019-11-7 22:00 | |
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Regulators should offer a path for stablecoins to exist alongside current financial systems, writes a fellow at Harvard's Berkman Klein Center.
2019-10-23 13:30 | |
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A draft bill published Tuesday would regulate stablecoins under the Securities Act of 1933.
2019-10-23 21:25 | |
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Cryptocurrency adoption has seen a significant boost in 2019, where major financial institutions like Wells Fargo, JP Morgan, and ING have either tested their stablecoin or are pondering over launching one.
2019-10-6 00:16 | |
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Earlier today, the Swiss Financial Market Supervisory Authority [FINMA] released guidelines on regulating stable coins. The guideline detailed how the regulatory authority will classify and regulate stablecoins based on its nature.
2019-9-11 17:53 | |
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The UK’s top financial watchdog has concluded that Bitcoin and Ether do not require regulation, whereas utility tokens and some stablecoins will. The FCA Makes Decision on Bitcoin & Crypto Regulation Only July 31, the Financial Conduct Authority (FCA), announced that it will not regulate Bitcoin and Ethereum.
2019-8-1 09:19 | |
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Fannizadeh, a lawyer specializing in the crypto industry at Geneva Legal, is a speaker at this year’s Consensus festival, May 29-31, in Austin, Texas.
The proposal narrowly passed, with 41.1% of votes for and 38.5% of votes against.
Montenegro’s minister of justice will make the final decision on Do Kwon’s extradition to either South Korea or the United States.
United States government agencies spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange.
ENS developer Nick Johnson claims a patent granted to Unstoppable Domains in January is entirely based on ENS Labs innovations.
In a memo, Congress members state that Federal banking agencies should not require financial institutions providing custody services for digital assets to maintain capital against the assets.
Bora Erdamar from the BlockchainIST Center emphasized that upcoming crypto regulations prioritize specific licensing standards to prevent system abuse.