The FED Has Plans to Tackle Concerns Regarding Unregulated Stablecoins
As per the recent development, the FED is geared up to deploy a team of experts to keep checks on developments in the crypto space....
Tag : stablecoins
SEC Investigates Violations of Investor-Protection Laws in Stablecoin Issuance
According to recent reports, the Securities and Exchange Commission (SEC) is looking into the possibility of investor protection rules being broken by stablecoins. Stablecoins are...
Bank of America Praises CBDCs and Stablecoins
According to a research paper published by Bank of America on Tuesday, digital currencies, like central bank digital currencies (CBDCs) and stablecoins, represent the natural...
Media Attacks Tether of Rising Loan Risk; Tether Hits Back
The Wall Street Journal (WSJ) released an article on December 1 accusing the tether stablecoin’s developer company of increasingly leasing its coins to clients rather...
Report: Korean Regulators Say Cryptos Are Vulnerable to Money Laundering
The Financial Services Commission (FSC) of South Korea is proposing an investigation into the number of stablecoins being used on cryptocurrency exchanges while putting a...
Philippines Control Stablecoins For Cross-Border Payments
Mhel Plabasan, a senior official at the Bangko Sentral ng Pilipinas, the central bank of the Philippines, said that the institution is very supportive of...
The New US Crypto Draft Would Put a 2-Year Ban on Algorithm Stablecoins
New algorithm stablecoins such as TerraUSD Classic (USTC), which de-pegged from the US dollar early this year, would face a two-year prohibition under draft legislation...
Crypto Regulations Should be Similar to Traditional Bank Rules, Says Fed Vice Chair
Vice Chair for Supervision at Federal Reserve in his first address after assuming office, Michael S. Barr asserted that cryptocurrency activity requires the same level...
China’s BSN Chairman Labels Bitcoin a Ponzi and Stablecoins as “Fine if Regulated”
Despite the government’s ban on all cryptocurrency transactions last year, the Chinese media and government authorities still caution the people against using cryptocurrencies like Bitcoin....
Tether To Launch GBP₮, A Sterling-Pegged Stablecoin
According to a press release, Tether, which is the issuer of the most popular stablecoin that is linked to the U.S. dollar, wants to extend...