Bank of Thailand Set to Regulate Stablecoins, Says Bank Official

2021-3-21 18:31

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.

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bank stablecoins regulations set thailand criticism growing

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Источник: btcmanager.com

bank stablecoins → Результатов: 126

Financial Stability at Risk From Crypto Stablecoins, Says Bank of England Official

The Bank of England's Deputy Governor has issued a warning that regulators may need to limit the use of stablecoins. The post Financial Stability at Risk From Crypto Stablecoins, Says Bank of England Official appeared first on BeInCrypto.

2023-4-18 00:27	regulation news
bank stablecoins england official crypto financial stability

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Russia Central Bank Comes Out Against ‘Monetary Substitutes,’ But Supports Stablecoins

The Bank of Russia has put out a statement saying it is against any ‘monetary substitutes. ’ That being said, the bank is currently actively studying stablecoins planned by various national governments.

2019-11-8 00:32	StableCoin
bank stablecoins russia substitutes monetary out against

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Euro Regulators Urge Central Bank to Issue Regulated Digital Currency as Stablecoin Threat Looms

Regulators in Europe have called on the European Central Bank (ECB) to explore the feasibility of launching a digital currency for the bloc. Supranational agencies and governments, alike, have labeled stablecoins – especially Libra – a potential menace to financial stability.

2019-11-6 14:00	StableCoin
digital currency central regulators bank proposed financial

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US Federal Reserve Hiring Retail Payments Manager to Research Digital Currencies

The central bank is expanding the role of its Retail Payments Manager to include digital currencies, stablecoins and distributed ledger technologies as part of a new hire.

2019-11-5 02:45	Stablecoins
digital currencies manager payments retail stablecoins distributed

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G7 and BIS criticize cryptocurrencies

The G7 and Bank for International Settlements published a joint report criticizing cryptocurrencies and stablecoins, which pose a threat to financial stability.

2019-10-24 23:13	News
cryptocurrencies stablecoins criticizing pose stability financial report

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Indian Finance Minister Answers Crypto Questions at IMF Meeting

At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference.

2019-10-21 13:15	World Bank
indian crypto finance minister meeting imf questions

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Gold Bag Holders Down 20% For The Last 7 Years While Bitcoin Up Over 83,000% Since Then

Most recently G7 and the Bank for International Settlements (BIS) in its report on stablecoins called Bitcoin a failure in providing a “reliable and attractive means of payment or store of value.” It further states that crypto assets have served as a “highly speculative” asset class for “certain” investors that engage in illicit activities. Moreover, […]

2019-10-20 18:00	Bitcoin (BTC) Price
bitcoin states crypto further store means attractive

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Clueless BIS Says Bitcoin Has ‘Failed’ Despite Near 10,000,000% Lifetime ROI

It’s over; it’s all over. Drop every bag you’re holding, capitulate, and sell. Both the group of seven (G7) and the Bank of International Settlements (BIS) have decreed, in all their wisdom, that bitcoin has failed.

2019-10-21 22:00	Lightning Network
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G20 Informed Stablecoins Could Pose Financial Stability Risk

The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges.

2019-10-16 13:05	Virtual Currency
financial stability pose risk could stablecoins g20

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G7 Report Labels Stablecoins as Significant Risk

The growth in stablecoin usage has soared since late 2017, and this has regulators and government bodies across the world incredibly worried. A new report formulated by central bank officials of the G7, the IMF, and the Financial Stability Board, believe that global stablecoins pose a systemic threat to the global economy and monetary stability,Read MoreRead More.

2019-10-14 19:00	USDT
global report stablecoins stability economy board monetary

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FATF Week to discuss stablecoin, virtual assets with IMF, UN, WB

Financial Action Task Force’s FATF week will see the representatives from 205 countries and jurisdictions around the world, the IMF, UN, World Bank, and other organizations discuss matters concerning the stablecoins and virtual assets and the risks associated with it.

2019-10-12 20:30	FATF
assets imf virtual week discuss fatf world

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Facebook’s Libra, other stablecoins may disrupt financial stability, claims FSB’s Vice Chair

The commotion around Libra and other stablecoins has caught the attention of a lot of regulators from across the world. The idea of a virtual asset backed by a fiat currency to facilitate payments has taken flight among several mainstream financial institutions, including the likes of JPMorgan.

2019-10-5 23:30	Stablecoins
financial libra stablecoins currency chair facebook vice

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ECB Pres. Says Crypto’s Aren’t Good Money Substitutes; But Facebook’s Libra Could Change That

September 27, Frankfurt. Mario Draghi, European Central Bank (ECB) president, states that he is of the opinion that cryptocurrencies and stablecoins are not designed to be an adequate replacement of money.

2019-9-28 16:18	Facebook
european ecb money replacement adequate designed stablecoins

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European Central Bank Investigating Stablecoins and a Possible Digital Euro

In a letter addressed to Eva Kaili, a member of the European parliament and a well-known cryptocurrency advocate, the current president of the European Central Bank, Mario Draghi, lays down his views on cryptocurrencies and their future in the banking sector.

2019-9-28 19:53	#twitter
european central bank letter stablecoins possible investigating

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European System of Central Banks [ESCB] confirms exploring crypto-assets and stablecoins to further financial innovation

The European Central Bank confirmed earlier today that the European System of Central Banks [ECSB] is looking to explore new technologies and innovations to improve the financial sector, something which is in line with their mandate.

2019-9-27 15:18	featured
european central financial banks system innovation further

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Fiat Money is in Flux, Stablecoins will Transform the Banking and Money Landscape: IMF

“The world of fiat money is in flux, and innovation will transform the landscape of banking and money. You can bet your bottom dollar on it,” read the IMF's latest blog “From Stablecoins to Central Bank Digital Currencies.

2019-9-26 20:04	Stablecoins
money stablecoins fiat imf blog landscape flux

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Japan’s Central Bank Chief Calls for International Effort on Libra Regulation

The governor of the Bank of Japan has called for global cooperation in regulating stablecoins like the Facebook-led Libra.

2019-9-24 11:15
libra japan bank cooperation global regulating stablecoins

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Crypto Isn’t Sound Money, Says Swiss Central Bank Official

Swiss central bank official Thomas Jordan says crypto isn’t sound money but stablecoins have the potential to see widespread adoption. Crypto Won’t See Mainstream Adoption Speaking during a recent event at the University of Basel, Jordan — chairman of the governing board of the Swiss National Bank (SNB), argued against the value proposition of crypto as currencies.

2019-9-19 17:00	Switzerland
crypto swiss money bank jordan official isn

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ECB emphasizes risks of stablecoins

Stablecoins like Libra threaten the monetary policy of European countries, believes the European Central Bank board member.

2019-9-18 10:42	News
stablecoins european believes countries central bank member

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ECB Official: Stablecoins Pose Risks to Public Policy Priorities

Benoit Coeure of the European Central Bank says that stablecoins like Libra pose serious risks to public policy priorities

2019-9-17 20:19	StableCoin
policy priorities risks public pose stablecoins bank

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Stablecoins Pegged Against Foreign Currency Could Affect Swiss Monetary Policy: Central Bank President

Many regulators and heads of financial institutions have expressed concern over cryptocurrencies and their use. Crypto assets come with many challenges that place financial institutions in an awkward position as far as dealing with digital assets goes.

2019-9-7 19:21	Stablecoins
president bank institutions many assets stablecoins pegged

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Swiss National Bank President Says Stablecoins Could Hamper Policy

Swiss National Bank President Thomas Jordan says foreign-pegged stablecoins could hamper Switzerland’s monetary policy in some circumstances

2019-9-7 04:26	Cryptocurrencies
could hamper swiss stablecoins policy says bank

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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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ECB: capitalization of stablecoins tripled in 19 months

The European Central Bank published a report on stablecoins. The regulator proposed its own classification of stablecoins and provided analytical market data.

2019-9-3 15:00	News
stablecoins classification own proposed regulator provided data

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European Central Bank: Stablecoins May Be Vulnerable To Regulatory Uncertainty

The European Central Bank (ECB) has recently emitted a new report on the cryptocurrency market. This time, the banking institution approached the issues with stablecoins. The latest report touches on questions such as whether stablecoins can be a solution for the volatility of the crypto market and whether or not they have dangers related to […]

2019-8-30 22:54	Stablecoins
stablecoins european market report whether bank central

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Stablecoins Vulnerable to Regulatory Uncertainty: European Central Bank

The European Central Bank says stablecoins with clear governance may be hampered by regulation uncertainty

2019-8-30 20:35	Central Bank
central bank stablecoins uncertainty european may regulation

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G7: Stablecoins offer economic prosperity

The G7 Finance Ministers and Central Bank Governors (FMCBG) met in Chantilly in northern France on July 17 and 18. In fact, Europe directly perceived the signal from the hearings in the US Senate on Libra and showed great obedience, as always.

2019-7-20 13:42	StableCoin
ministers great obedience hearings libra senate showed

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IMF: Stablecoins Could Surpass Traditional Form of Money

A new IMF paper has said that bank and cash deposits could be kicked to the curb by digital currencies and especially stablecoins. The post IMF: Stablecoins Could Surpass Traditional Form of Money appeared first on Ethereum World News.

2019-7-17 12:41	Stablecoins
imf could stablecoins money form traditional surpass

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Traditional Money Could Be ‘Surpassed’ By E-Money, Stablecoins: IMF Paper

A new IMF paper suggests that cash and bank deposits could be left behind as digital money and fiat-pegged cryptos see greater adoption.

2019-7-16 15:31	Stablecoins
imf paper money could left digital behind

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France Forms G7 Cryptocurrency Task Force In Wake Of Facebook’s Libra

France will set up a task force for the G7 nations to investigate ‘stablecoin’ projects such as Facebook’s Libra cryptocurrency. France’s Central Bank Isn’t Entirely On-Board With Stablecoins France’s Central Bank Governor, Francois Villeroy de Galhau, made the announcement, while addressing finance industry officials.

2019-6-21 22:00	Libra
france force task bank cryptocurrency central libra

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Australia’s Central Bank: Cryptos Will Not Receive Wide Acceptance in the Near Future

Analysts at the Reserve Bank of Australia claimed that neither general cryptocurrencies nor stablecoins can be an alternative to fiat in local retail payments

2019-6-20 17:02	Payments
australia bank cryptocurrencies general nor stablecoins retail

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BabelFinance predicts $1 billion in crypto-backed loans by the end of the next bull run

BabelFinance, a bank offering service to crypto-investors, crypto-miners and institutions related to crypto, is in the news after it announced that it had issued crypto-backed loans worth $110 million, out of which $88 million were outstanding loans.

2019-6-13 14:30	News
loans babelfinance bank crypto-backed million run billion

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Tether Mints $150M USDT, Crypto Twitter Screams Scam While Bitfinex Says ‘Authorized Not Issued’

Tether Ltd. Releases Bank Statements, Showing Proof that It Has Enough USD to Back USDT in Circulation Tether is one of the most popular stablecoins in existence and is also a very controversial one and it has been involved in several scandals over the last few years. Since it gained popularity it had been accused […]

2019-6-12 16:22	Tether (USDT)
tether one usdt controversial very popular stablecoins

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Chinese Speculators Borrow Millions To Invest In Crypto, Says Bank CEO

Chinese speculators are borrowing in droves to take out positions in the bull market, according to one lender. BabelBank, one of the largest commercial crypto banks, has seen a significant increase in speculative borrowing.

2019-5-29 18:36	Markets
crypto chinese bank speculators babelbank borrow one

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Small victory for iFinex, Monero responds to Reuters report and more

Crypto News – 23 May – Small victory for iFinex, Monero responds to Reuters report and more Don’t forget to follow us for our daily videos#Monero #CryptoNews #cryptocurrency @xmroutreach #XMR #monero #Tether #USDT #StableCoin #stablecoins pic.

2019-5-24 19:00	XRP
monero small reuters victory ifinex responds may

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David Schwartz on Stellar’s downtime, Brian Armstrong on institutional investors and more

Crypto News – 17 May – David Schwartz on Stellar’s downtime, Brian Armstrong on institutional investors and more Don’t forget to follow us for our daily videos#StableCoins #Coinbase #tron #trx #Stellar #RIPPLEARMY @BankXRP #cryptonews #cryptocurrency pic.

2019-5-17 19:00	News
stellar crypto may investors david brian schwartz

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European Central Bank Policymaker Backs Stablecoins over Bitcoin

European Central Bank policymaker Francois Villeroy de Galhau believes that stablecoins can play an important role in the financial system as they aren’t as volatile as Bitcoin and other cryptocurrencies, reported Bloomberg, May 15, 2019.

2019-5-16 09:00	volatility
bitcoin stablecoins european bank policymaker central almost

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Bank of France is Closely Watching Stablecoin Developments, Says Governor

Bank of France Governor Francois Villeroy de Galhau has reported that the bank is interested in stablecoins

2019-5-15 22:16	China
bank governor france reported interested stablecoins galhau

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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.

2019-5-13 16:37	Investing
tether banking these banks may assets like

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Bitspark’s blockchain money transfer web platform goes live

CryptoNinjas Bitspark, a blockchain powered money transfer ecosystem, has announced the live launch of the beta version of its new web platform enabling people to easily deposit cash, cryptocurrency or via bank transfer and exchange money using stablecoins in eight major national fiat currencies (USD, GBP, SGD,.

2019-5-3 07:53
transfer money live bitspark platform web blockchain

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Who Wins? Ripple and XRP or the “Bank Approved” Stablecoins?

Some in the cryptocurrency space have wondered if the appearance of the new big bank issued stablecoins will make cryptocurrencies disappear. Ripple has the ambition to create a new worldwide payment system.

2019-4-21 18:30	xrp news
stablecoins xrp ripple bank new solve cryptocurrency

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What Is DeFi and Where Does It Leave Bitcoin?

The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology.

2019-3-29 16:26	Digital assets
bitcoin defi decentralized services finance like ethereum

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Stablecoins Are Threatened by These Two Major Issues

On the heels of recent commentary from the published correspondence between Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd, SEC senior advisor Valerie Szczepanik explained at Austin’s SXSW conference that stablecoins may be violating current securities laws.

2019-3-18 23:54	volatility
stablecoins sec may issues securities major threatened

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IBM Exec Forecasts a Million-Dollar Bitcoin — When a Sat Will Equal a Cent

An IBM executive is unfazed by the current market realities, saying he sees Bitcoin (BTC) reaching a value of $1 million as a present possibility. Jesse Lund, vice president of Blockchain and Digital Currencies at IBM, shared his predictions at the IBM Think 2019 Conference, which took place February 12–15, 2019.

2019-2-23 00:42	Adoption
ibm bitcoin lund network digital million world

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Tether (USDT) Tokens Are Fully Backed by USDT, Bank Statements Reportedly Show

A new report presents evidence of Tether’s legitimacy, suggesting the stablecoins issued match the company’s fiat holdings.

2018-12-19 23:18	News
tether usdt suggesting stablecoins legitimacy issued holdings

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EU Workers Now Have the Option to Take Their Pay in a Euro Stablecoin

Blockchain Payroll Platform WorkChain. io has partnered with tokenization platform STASIS to enable euro-backed crypto paychecks for its European Union (EU) users with the EURS stablecoin.

2018-12-1 21:00	Digital assets
workchain stablecoin platform payroll workers eurs choose

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Top 5 CPA Firm Confirms Funds in First Attestation of Circle’s USDC

Circle’s USD Coin (USDC) has released an independent, third-party attestation of its bank account, and according to a top 5 public accounting firm, the stablecoin has its funds in order.

2018-11-22 22:05	Digital assets
attestation account usdc thornton report grant data

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Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

“Go for the Jugular” is the advice George Soros gave to his team during his famous attack on the British pound for a profit of $1 billion on so-called Black Wednesday in 1992.

2018-11-15 18:50	Op-ed
attack tether stablecoin stablecoins market price attacks

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Bloomberg: Bank Backing Tether (USDT) Refuses to Comment on Relationship

Tether (USDT), Cryptocurrency, Stablecoins–Just as the controversy surrounding the USDT stablecoin by Tether appeared to be subsiding, the company is now handling questions in relation to its partnership with recently announced Deltec Bank & Trust Ltd.

2018-11-6 04:17
usdt tether bank stablecoin bloomberg company announced

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Thailand to block unauthorized crypto platforms to combat online crime

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Thailand’s crypto exchange Bitkub eyes IPO in 2025

Thailand’s biggest crypto exchange Bitkub is hiring advisers to go public on the Stock Exchange of Thailand next year. Bitkub Capital Group Holdings, the owner of Thailand‘s largest crypto exchange by trading volume Bitkub, has started hiring advisors for its…

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Thailand’s fourth-largest bank invests $103m in local crypto exchange

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Thailand delays $15b crypto giveaway citing security concerns

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2021-3-21 18:31

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