2022-9-24 05:43 |
Earlier this week, new draft legislation on stablecoins came to light aimed at “endogenously collateralized stablecoins.”
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A finalized text of the Markets in Crypto Assets (MiCA) legislation now seeks to bring Non Fungible Tokens (NFTs) and algorithmic stablecoins under its regulatory purview. According to a bill draft dated September 20, EU authorities have been urged to take a “substance over form” approach to the law, suggesting that NFTs such as BAYC’s […]
2022-9-23 21:29 | |
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A piece of proposed legislation in the House of Representatives would put a two-year moratorium on creating algorithmic stablecoins. According to Bloomberg's latest version of the legislation, it woulThe post LUNA, LUNC investors may experience some distress due to this update appeared first on AMBCrypto.
2022-9-22 06:30 | |
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A recent Bloomberg report stated that upcoming legislation would ban algorithmic stablecoins such as TerraUSD that collapsed in May this year leading to a global crypto crash. The said bill is currThe post United States: Will this new bill ban Terra-like stablecoins for 2 years appeared first on AMBCrypto.
2022-9-21 21:00 | |
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The legislation comes in response to the May collapse of the algorithmically-backed TerraUSD stablecoin. U.S. Proposes Stablecoin Regulation House lawmakers are taking a step toward regulating stablecoins. A new bill...
2022-9-21 14:27 | |
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The legislation that could establish U.S. regulations for stablecoins has formally been delayed until after the August congressional break, according to Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee.
2022-7-28 01:17 | |
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The legislation that could establish U.S. regulations for stablecoins has formally been delayed until after the August congressional break, according to Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee.
2022-7-28 01:17 | |
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A potential bipartisan bill to regulate stablecoins has been bogged down in negotiations, according to three people familiar with the talks, but lawmakers developing the legislation are considering releasing some draft language that may spur wider input.
2022-7-26 00:37 | |
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Companies that issue stablecoins would have to face bank-like regulations and back their tokens with conservative assets in the latest plan for U.S. legislation still being negotiated by leaders of the House Financial Services Committee, according to a source familiar with the talks.
2022-7-21 00:01 | |
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There’s been at least a bit of delay in the framework thanks to recent resignations from the cabinet of Prime Minister Boris Johnson.
2022-7-7 19:24 | |
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Even before any other country could come out with legislation to regulate stablecoins, Japan became the first significant economy to pass such a bill for investor protection. The post Japan Passes Landmark Law Around Stablecoins to Protect Investors After Terra Debacle appeared first on BeInCrypto.
2022-6-4 20:15 | |
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Japans parliament has passed legislation clarifying the legal status of stablecoins. The new bill also mandates that any entity providing stable crypto assets must guarantee holders the right to redeem...
2022-6-3 13:48 | |
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Her Majestys Treasury has confirmed plans to legalize stablecoins as a form of payment in a new Financial Services and Markets Bill announced on May 10. U.K to Regulate Stablecoins...
2022-5-16 13:58 | |
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U.S. Treasury Secretary Janet Yellen has called on Congress to pass stablecoin legislation, referencing UST’s recent depeg event. Yellen Highlights Stablecoin Risks Stablecoins are facing increased scrutiny from the U.S....
2022-5-10 19:31 | |
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Among initial steps will be legislation to recognize stablecoins as legitimate vehicles for payments.
2022-4-5 19:55 | |
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Avanti Financial CEO Caitlin Long said the bill had its own pros and cons, but it was “definitely a conversation-starter” for lawmakers exploring stablecoins.
2022-2-19 20:15 | |
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A draft of legislation regarding stablecoins has been proposed by US lawmaker Josh Gottheimer; however, it has faced a backlash from critics
2022-2-15 18:03 | |
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After the US, Japan is focusing on stablecoins and is acting to limit the number of companies that can issue these assets backed by fiat currency, according to a Nikkei report. The country’s top banking regulator, Financial Services Agency (FSA), is reportedly planning to propose legislation next year to restrict the issuance of stablecoins to […] The post Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies first appeared on BitcoinExchangeGuide.
2021-12-7 18:56 | |
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Stablecoins have thrived in unregulated shadows, with tokens in circulation now worth more than $127 billion. Today, these are widely being used for transactions that resemble traditional financial prThe post Japan's FSA to introduce new legislation on stablecoin issuers in 2022 appeared first on AMBCrypto.
2021-12-7 09:50 | |
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US regulators claim that issuers of stablecoins should be subject to the requirements applicable to banks and financial institutions.
2021-11-12 16:47 | |
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The US Securities and Exchange Commission (SEC) is about to play a leading authority role when it comes to proposing legislation and overseeing the stablecoin sector, Bloomberg recently reported, citing anonymous sources.
2021-10-28 23:00 | |
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The legislation’s supporters claim this will help deter bad actors. Some crypto advocates see it as unnecessary regulation. Stablecoin Stability On Dec 2, 2020, Rashida Tlaib, Jesus Garcia, and Stephen Lynch, three congresspeople, introduced the Stablecoin, Tethering, and Bank licensing Enforcement (STABLE) Act.
2020-12-5 20:52 | |
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The 168-page long leaked version of the draft legislation of “Markets in Crypto Assets (MiCA)” by the European Commission provides legal certainty about digital currencies. To be issued later this month, the set of regulations will be covering the issuance and trading of digital assets across the bloc.
2020-9-17 19:10 | |
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The Financial Services Agency is the top financial regulator in Japan, and they recently release a report to Bitcoin News exclusively to dictate the way that they classify stablecoins. More specifically, they stated that stablecoins are not categorized as cryptocurrencies, based on two particular pieces of legislation. In the Fund Settlement Law and the recently […]
2018-10-30 03:29 | |
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The Japanese Financial Services Agency revealed exclusively to Bitcoin News today that, under current law, stablecoins are not cryptocurrencies. Currently there are two pieces of legislation that cryptocurrency companies must satisfy in Japan.
2018-10-29 15:08 | |
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