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Stablecoin bill: expert reaction varies from ‘benefit the digital token economy’ to ‘stifle innovation’

Stablecoin regulation in the US could require stablecoin providers to maintain reserves that would back their coin on “at least one-to-one basis. ” While major stablecoin entities like Tether (USDT) and USD Coin (USDC) already abide by this guideline, those that don’t risk a $1 million fee or up to five years in prison. дальше »

2023-4-20 20:11


Blockchain Association: FTX was an “old-fashioned” crime

Regulation can make consumers more comfortable using cryptocurrency  The sector needs more regulation on stablecoins and spot markets Crimes like FTX (fraud) don’t need to be addressed by modern policy Proper crypto regulation could attract more consumers, says Kristin Smith of the Blockchain Association, an entity that advocates for peer-to-peer technology that puts power in […] The post Blockchain Association: FTX was an “old-fashioned” crime appeared first on CoinJournal. дальше »

2023-1-4 15:37


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Crypto Could Be Regulated Within The Existing Regulatory Frameworks

In his speech on November 21, 2022, on the topic “Reflections on DeFi, digital currencies and regulation”, at Warwick Business School’s Gilmore Centre Policy Forum Conference on DeFi & Digital Currencies,  the Bank of England’s Deputy Governor for Financial Stability, Sir Jon Cunliffe, said that the general themes of corporate governance, and the quality of […] дальше »

2022-12-23 14:03


FTX Disaster Shows Crypto Could Be A ‘Problem’ If Not Regulated, BOE Governor Says

There is a big lesson to be learned from FTX and cryptocurrencies. A deputy governor of the Bank of England stated in a recent speech at Warwick Business School that the experience of the past few months illustrates that crypto is highly susceptible to the hazards that regulation in the traditional financial industry is intended […] дальше »

2022-12-24 11:10


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Congress’s Failure to Pass Regulation Caused FTX’s Debacle, Asserts Crypto-Friendly Senator

US Senator Pat Toomey has blamed FTX’s collapse on the lack of clear regulations. Speaking during the Financial Regulators Hearing on November 15, the legislator took aim at the US Congress, suggesting that if the house had passed regulations on custody for the industry earlier, the FTX implosion could have been avoided. “It certainly appears […] дальше »

2022-11-18 23:56


CryptoSlate Wrapped Daily: Ethereum could be considered a security post-Merge, Whitehouse releases crypto regulatory framework

The biggest news in the cryptoverse for Sept 16 includes the crypto community arguing that ETH could be considered a security post-merge, the Whitehouse releasing a framework for crypto regulation, United States banks pausing crypto lending plans amid challenging SEC guidelines, Celsius seeking approval to sell $23M worth of stablecoin assets. дальше »

2022-9-17 02:48