2021-12-30 23:45 |
Stablecoins like USDT are under scrutiny in the United States, with some lawmakers calling for greater regulatory oversight of the industry.
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Investors who have invested money in stablecoins stand a higher chance of losing the money because these projects are neither transparent and regulated, nor decentralized as claimed, says United States Senator Sherrod Brown (D-OH).
2021-12-15 20:25 | |
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The United States Securities and Exchange Commission [SEC] has been keenly watching not just stablecoins, but also high-interest crypto-products. In fact, back in September, the SEC also served a WellThe post USDC issuer Circle 'cooperating fully' with SEC investigation appeared first on AMBCrypto.
2021-10-5 10:00 | |
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Jerome Powell did say that stablecoins are “outside the regulatory perimeter” and need to be regulated. The post The United States has “No Intention to Ban” Bitcoin or Cryptocurrency, Confirms Fed Chair first appeared on BitcoinExchangeGuide.
2021-10-1 16:26 | |
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The United States will not follow the example of China in imposing an outright ban on cryptocurrencies but is looking at regulating stablecoins, the Fed Chairman said on Thursday. The Fed Has “No Intention” Of Banning Cryptocurrencies The United States Federal Reserve does not intend to ban all cryptocurrency transactions, the chairman Jerome Powell emphasized […]
2021-10-1 01:29 | |
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The cryptocurrency industry has already been facing several regulatory barriers in the United States of America, and regulators have turned their gaze on stablecoins of late. While the regulatory concThe post Stablecoins can be 'incredibly disruptive on a global scale' and regulators know it appeared first on AMBCrypto.
2021-9-19 11:00 | |
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The United States Treasury considers stablecoins to be a significant concern and is readying regulation, according to a report from Bloomberg. The post US Treasury Concerned About Stablecoins, Readying Regulation appeared first on BeInCrypto.
2021-9-17 09:22 | |
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Nearly 75% of consumers view digital assets and stablecoins as an alternative to traditional money transfer services. High fees, slower transaction times, and hectic cross-border transfers are some of the reasons leading consumers to digital asset payment systems, joint research from Wirex and Stellar Development Foundation (SDF) states.
2021-1-22 21:03 | |
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Ripple CTO explains how the XRP ledger can help banks and other institutions create their own stablecoins using a new tool
2021-1-9 12:06 | |
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The crypto community was slammed with news earlier this week that United States House representatives are looking to crack down on stablecoins. The post Ethereum community explodes over proposed stablecoin act from U.
2020-12-5 16:22 | |
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The research paper titled, “Monetizing Privacy,” by Rodney Garratt Professor of Economics at the University of California, Santa Barbara (UCSB) and Michael Lee, an economist at Federal Reserve Banks – Federal Reserve Bank of New York, states that central bank digital currency (CBDCs) will outperform the private company-based stablecoins such as Libra in protecting the […] The post CBDC’s Offer Better Privacy Propositions Than Big Tech Digital Currencies: New York Fed first appeared on BitcoinExchangeGuide.
2020-11-25 22:43 | |
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In a speech made during the Digital Finance Outreach Conference 2020, Executive Vice President of the European Commission, Valdis Dombrovskis, spoke on the regulation of the digital finance industry, urging EU states to take the step forward in guiding proper regulation of the digital assets.
2020-6-29 20:31 | |
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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 cryptocurrency assets with their value tied to a specific asset, like gold or the US dollar. They serve many purposes in the industry, but an opinion piece in the World Economic Forum states that they may be able to curb the potential threat of global foreign currency reserves domination of the US dollar. […]
2019-11-29 23:13 | |
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Lawmakers from the United States have recently introduced a new bill that has the goal of putting Facebook’s new stablecoin project Libra under the U. S. Securities Law. If the law is passed, Libra would be regulated by the U.
2019-11-21 22:18 | |
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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 | |
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The recently concluded G20 Finance meeting highlighted regulation of stablecoins as an area that needs to be addressed soon. This follows the rise in popularity of digital assets with Facebook’s Libra being the most discussed.
2019-10-19 22:20 | |
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Coinspeaker G7 States Libra May Pose Threat to Financial StabilityThe G7 believes that Libra, as well as other global stablecoins, may negatively influence the financial situation in the world.
2019-10-14 13:31 | |
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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 | |
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Currently, Tether issues three stablecoins pegged to the euro (EURT), Japanese yen (JPYT) and the United States dollar (USDT). ChainNews, a Chinese news outlet, reported that Tether Limited is planning to add a new member to its stablecoins collection with CNHT.
2019-8-23 12:51 | |
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In the International Monetary Fund's (IMF) newly published FinTech note titled “The Rise of Digital Money," the IMF states that banks will face "tough competition" and may even see their services surpassed by tech firms issuing digital money and stablecoins.
2019-7-16 18:53 | |
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Starting today, cryptocurrency users in the United States will be able to earn interest on their digital assets. Decentralized finance (DeFi) marketplace Nuo Network is partnering with Wyre to open peer-to-peer lending and borrowing to millions of people in the country.
2019-5-17 14:17 | |
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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 | |
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Bitcoin is the oldest and original cryptocurrency of the industry, but it now has a significant role on the Ethereum blockchain as well. Though there are plenty of stablecoins attached to the United States Dollar, and there are other countries establishing them as well with their local currencies, Ethereum has something completely different. Now, Wrapped […]
2019-1-31 18:25 | |
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Updated Policies With Texas’s Department Of Banking May Require Stablecoin Issuers To Gain Licensing Approval Cryptocurrency is categorized into many different classifications on a federal level and state level.
2019-1-5 20:30 | |
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On December 4, 2018, our CEO, David Bailey, made an exciting announcement: Bitcoin Magazine would be returning to its roots and shifting its focus to Bitcoin-related stories only.
2019-1-3 07:24 | |
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The head of an algorithmic stablecoin project has admitted to Crypto Briefing that legal uncertainty in the United States is an “enormous” burden, both financially and developmentally.
2018-12-14 00:02 | |
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Malta-based cryptocurrency exchange OKEx has added the Vietnamese Dong (VND) on its Customer-to-Customer (C2C) trading system, enabling Vietnamese customers to exchange their fiat currency for tokens on the platform.
2018-11-14 21:54 | |
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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 | |
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Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.
2018-10-8 21:30 | |
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Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.
2018-10-10 21:30 | |
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This past week saw a flurry of reports and analyses released by various agencies and companies, speculating on the roles — past and present — of cryptocurrencies and blockchain technologies.
2018-9-29 20:00 | |
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Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U.
2018-9-29 01:06 | |
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In a move to expand its asset offerings, Coinbase has created a new process by which anyone with a token can apply to have it listed on the platform. This news comes weeks after Coinbase said it was exploring the addition of several new assets including Stellar Lumens (XLM), Zcash (ZEC) and Cardano (ADA).
2018-9-27 01:15 | |
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Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.
2018-9-16 18:41 | |
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Blockchain money transfer company Wyre has announced a partnership with MakerDAO, creator of the Dai stablecoin, to offer Dai as part of a fiat-crypto trading pair in more than 30 countries across the world including the U.
2018-8-15 00:54 | |
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The Labour Party has been silent on crypto, but said it is interested in promoting tokenization in the country.
A Kraken executive denied the exchange plans to delist Tether’s USDT stablecoin in Europe on May 18. Global Head of Asset Growth & Management Business Mark Greenberg said the company is examining “all options to offer USDT under the upcoming regime.
Kraken could drop EU support for Tether’s USDT stablecoin, Bloomberg reported on May 17. Kraken Global Head of Regulatory Strategy Marcus Hughes said the company is planning for circumstances in which it is “not tenable to list specific tokens such as USDT.
The stablecoins activity has taken a hit in recent weeks. The dominance chart reflected reluctance from market participants to buy assets. Bitcoin [BTC] was under pressure in the lower timefThe post Stablecoins see reduced activity amidst market uncertainty: What now? appeared first on AMBCrypto.
Garlinghouse criticizes the SEC and the U.S. government regarding Tether. Tether maintained dominance despite controversies, indicating resilience. In a recent development, Ripple [XRP] CEO The post Ripple CEO Brad Garlinghouse defends Tether stance: What did he say? appeared first on AMBCrypto.
Bitcoin-friendly nation El Salvador is working on a crypto regulatory framework and has enlisted help from a digital asset titan affiliated with the largest stablecoin.
Wednesday's U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March's 3.5%.