2023-1-19 08:04 |
This marks the second “Big Four” bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy.
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National Australia Bank (NAB) — one of the four largest banks in the country — is gearing up to launch a stablecoin on the Ethereum (ETH) network, the Australian Financial Review (AFR) reported. The post National Australia Bank to launch AUD-backed stablecoin appeared first on CryptoSlate.
2023-1-19 10:10 | |
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The National Australia Bank (NAB), one of the four biggest Australian banks, has created a stablecoin called AUDN.
2023-1-19 09:48 | |
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The Central Bank of Iran (CBI) is collaborating with the government of Russia to launch a stablecoin backed by gold.
2023-1-17 22:39 | |
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Economist Eswar Prasad warned that a bank run on Stablecoins could fallout into the United States bond markets if issuers sell United States Treasurys to honor redemptions. The post Stablecoin collapse could impact U.
2023-1-15 22:30 | |
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The global market for fiat-referenced crypto assets increased 30-fold between the beginning of 2020 and mid-2022. The top three fiat-referenced crypto assets currently control 90% of the total The post Canadian Central Bank emphasizes need for stablecoin regulation appeared first on AMBCrypto.
2022-12-20 17:00 | |
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Bank of Canada (BOK) just released a statement on the need for regulating stablecoins pegged to a centralized fiat currency. One of the main reasons for this decision is the high demand for crypto assets in the North American country.…
2022-12-20 11:40 | |
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A note by central bank researchers says regulation is the key to reaping the benefits of fiat-referenced crypto assets after the Canadian Parliament fails to consider legislation.
2022-12-20 00:56 | |
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Mina Foundation announced their recent collaboration with Etonec and Private Bank 1796 to explore how a private and fully regulatory-compliant stablecoin can be developed.
2022-12-16 11:06 | |
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Bankhaus von der Heydt has its own stablecoin and digital asset custody and tokenization services, but it was on the market for a while and almost went to BitMEX execs.
2022-12-14 00:30 | |
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Bermuda’s first digital asset bank, Jewel, launched a stablecoin JUSD at the Polygon network. The company will release quarterly reporting on its reserves. On Monday, Jewel announced in a Twitter post that it would release a Polygon-based stablecoin dubbed Jewel…
2022-12-13 22:18 | |
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The Jewel USD stablecoin will be launching on Polygon.
2022-12-13 19:00 | |
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The country joins other jurisdictions in proposing standards for stablecoin issuance.
2022-12-8 20:50 | |
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Investigators make a shocking discovery on Sam Bankman’s bankruptcy filing as FTX insolvency revealed a bizarre connection between FTX, Alameda Research, stablecoin issuer Tether, and a rural bank.
2022-11-27 19:07 | |
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Paxos plans to make at least 130 hires in Singapore having obtained a central bank license to offer crypto products and services, Bloomberg reported Monday.
2022-11-7 12:57 | |
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John Todaro, vice president at investment and asset management firm Needham & Co., discusses whether USDC could become the “de facto” CBDC for the U.S. and why crypto exchange Coinbase could operate like a bank if it were to “mint” more of the stablecoin.
2022-11-5 21:51 | |
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The company, which already has a stablecoin tied to the Brazilian real, was licensed by the central bank of the South American country.
2022-11-4 22:37 | |
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Like a spark, USN shined for a short time, then faded. Issued by Decentral Bank (DCB) in April 2022, it became the first native stablecoin in the NEAR ecosystem – one of the largest crypto communities comprising almost 900 crypto projects and boasting high scalability amid low fees.
2022-11-4 21:49 | |
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A criminal investigation into whether Tether’s executives committed bank fraud in the early days of the stablecoin issuer’s existence has been reassigned after months of stagnation, according to Bloomberg.
2022-11-1 19:16 | |
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In a separate document, the Monetary Authority of Singapore said it's also considering measures to limit retail investors without access to professional advice from engaging in crypto markets.
2022-10-26 10:04 | |
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Anti-fraud measures might need to go wider, committee members considering new stablecoin laws heard from private sector witnesses
2022-10-20 19:50 | |
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Silvergate is no longer on track to launch its own Stablecoin this year, though CEO Alan Lane said the company continues to work closely with regulators on the matter.
2022-10-19 20:47 | |
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Federal Reserve Bank Vice Chair Michael Barr said that banks accepting crypto deposits should be aware of their increased liquidity risks in an October 12 speech published on October 17. The post Fed Vice Chair warns banks about crypto liquidity, urges stablecoin regulation appeared first on CryptoSlate.
2022-10-18 16:49 | |
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The White House is planning to regulate the Bitcoin and stablecoin industry and they are planning to create a central bank digital currency.
2022-10-12 10:00 | |
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The transition was initiated by DeFi asset advisor Monetalis and lead by digital asset bank Sygnum.
2022-10-7 13:27 | |
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The rise of Circle’s USDC stablecoin – as opposed to the controversial Tether (USDT) – is a threat to the broader financial system, as it could increase the chance of run risks from smaller issuers, researchers at the Federal Reserve Bank of New York wrote in a new paper published Monday.
2022-10-4 20:32 | |
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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...
2022-9-27 17:19 | |
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Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum.
2022-9-22 14:03 | |
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The proposal lays out disclosure requirements for banks that could make China's central bank digital currency available for use in Australia, and seeks to set up licensing frameworks for stablecoin issuers.
2022-9-20 12:35 | |
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The bill would prohibit California-licensed entities from dealing with stablecoins, unless that stablecoin is fully-backed by securities and issued by a bank or licensed by the California Department of Financial Protection and Innovation.
2022-9-14 05:46 | |
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The automatic conversion of other stablecoins could increase BUSD supply by $908 million, the bank said.
2022-9-10 15:23 | |
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The Bank of Korea says domestic companies like stablecoin issuer Terra were able to circumvent the ban and sell digital tokens to locals by setting up corporations overseas.
2022-8-30 14:10 | |
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The move comes as the central bank is looking to bring in more safeguards for retail customers and a stablecoin regulation.
2022-8-26 08:51 | |
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Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
2022-8-22 00:19 | |
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The Digital FMI Consortium will test cross-border payments and provide recommendations to the Bank of England using its own sterling-backed stablecoin.
2022-8-17 14:41 | |
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The MAS is reviewing a regulatory regime targeting risks involving stablecoins, the minister in charge of the bank said.
2022-8-2 15:27 | |
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Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022.
2022-7-19 18:10 | |
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Finance ministers and central bank governors from G20 nations spoke about the need for cooperation and stablecoin regulation at a recent meeting. The post G20 Nations Affirm Need for Cross-Border Coordination and Stablecoin Regulation appeared first on BeInCrypto.
2022-7-18 10:24 | |
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The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) of the Bank for International Settlements (BIS) published guidance on stablecoin regulation this past July 13.
2022-7-15 00:00 | |
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United States Treasury Secretary Janet Yellen met with Bank of Japan Governor Haruhiko Kuroda to discuss several multilateral financial regulatory issues, including stablecoins, Reuters reported. The post Stablecoin rules among topics discussed during Janet Yellen’s meeting with Japanese officials appeared first on CryptoSlate.
2022-7-15 22:00 | |
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The European Central Bank (ECB) has called for urgent action in the move to establish effective regulation in the stablecoin market, noting that a lack of such measures could portend risks to financial stability.
2022-7-12 19:03 | |
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In terms of daily turnover, the British pound (GBP) is the fourth most traded fiat currency in the world, according to the Bank for International Settlements.
2022-7-12 18:00 | |
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USD Coin (USDC) issuer Circle has partnered with New York Community Bancorp in a deal that will see the bank’s subsidiary, New York Community Bank, become a custodian for the stablecoin’s reserves, Circle announced June 28.
2022-6-29 22:33 | |
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The partnership marks the first time for a community bank to custody reserves for a stablecoin.
2022-6-28 20:19 | |
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Researchers at Russian bank VEB suggested the country issues a gold-backed stablecoin for international payments to evade sanctions.
2022-6-23 18:45 | |
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Sber was initially planning to launch its blockchain-enabled digital asset platform and the Sbercoin stablecoin by spring 2021.
2022-6-16 16:30 | |
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Frax Finance is a decentralized protocol that can be thought of as a fully autonomous, on-chain central bank issuing and controlling the monetary policy of a fractional-algorithmic stablecoin called FRAX....
2022-6-4 17:02 | |
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Australia's ANZ is mulling over introducing retail-oriented use cases for its recently launched stablecoin
2022-6-1 17:50 | |
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Tether stablecoin’s reported bank partner Capital Union supports a large variety of digital assets as part of its trading and custody services.
2022-6-2 13:50 | |
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In recent times, several central banks have been looking to develop a Central Bank Digital Currency (CBDC) to address the limitations of fiat currencies, especially in cross-border payments. However, Circle, issuers of the USDC stablecoin, have said the development of a CBDC is unnecessary and could produce more harm than benefits. In response to the […]
2022-5-31 16:17 | |
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Opinion: From Brazil to Norway, there is plenty of evidence that governments are planning to use CBDCs to abuse their people.
Unpacking the Incoherence and Hubris of Modern Monetary Theory and Its Intersection with CBDCs and Bitcoin
The Reserve Bank of New Zealand opened a new consultation period on a central bank digital currency (CBDC) on April 17. The current stage of development seeks input on “high-level design options for digital cash.
Swiss National Bank (SNB) Chairman Thomas Jordan said the central bank “sees no need” to issue a central bank digital currency (CBDC) for public use despite the benefits of a wholesale version.
SWIFT said on March 25 that it discovered several applications for its central bank digital currency (CBDC) solution following a successful six-month test. The company did not create its own CBDC but instead developed an interlinking solution for existing CBDCs — dubbed the SWIFT connector.
In a recent meeting with the European Parliament’s Committee on Economic and Monetary Affairs, Piero Cipollone, a member of the ECB Executive Board, discussed the forthcoming digital euro, specifically its privacy features, infrastructure procurement, and operational standards.
Swiss banks, Cantons of Basel-City, and Zurich have successfully issued digital bonds using real CHF wholesale central bank digital currency (wCBDC) on SIX Digital Exchange (SDX). This marks the first-ever issuance of this kind, leveraging the Swiss National Bank’s (SNB) wCBDC.