2023-7-14 20:27 |
The European Banking Authority (EBA) is urging stablecoin issuers to voluntarily comply with proposed guidelines ahead of the mandatory enforcement of crypto-asset regulations
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The Office of the Comptroller of the Currency (OCC) issued new guidance regarding stablecoins on Monday. “National banks and federal savings associations currently engage in stablecoin-related activities involving billions of dollars each day,” said Acting Comptroller of the Currency Brian P.
2020-9-23 17:06 | |
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The U. S. Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying that national banks and federal savings associations can now hold reserves for stablecoin issuers in the country.
2020-9-23 17:00 | |
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Brian Brooks, the acting US Comptroller of the Currency, recently made a massive crack in the US’ anti-crypto armor by allowing banks to offer crypto custody. Now, the Comptroller made another major announcement, noting that national banks and federal savings associations can hold reserve funds for stablecoin issuers.
2020-9-22 13:30 | |
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Stablecoin issuers now have a strong tailwind from US regulators. Banks finally have some guidance on how to treat coins like Tether, Gemini Dollar, USD Coin and others that are pegged to fiat money.
2020-9-22 03:07 | |
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“Coopetition” is an ungainly term at the best of times. But it appears that’s what’s happening among Swiss stablecoin issuers.
2020-9-15 16:40 | |
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New York’s State attorney general has wide latitude to investigate a foreign entity like iFinex, said a NY appeals court.
2020-7-26 17:00 | |
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The famous stablecoin issuer Tether and the blockchain forensics company Chainalysis have closed a partnership for Tether to improve the tools that it uses against money laundering. The announcement that Tether will apply the token issuers’ Know Your Transaction tool from Chainalysis was made on Wednesday.
2020-2-13 19:48 | |
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Chainalysis, the blockchain analysis company, today announced the integration of its compliance solution for Tether, the largest stablecoin blockchain platform by market capitalization. Chainalysis Know Your Transaction (KYT) for token issuers is a real-time anti-money laundering (AML) compliance solution for monitoring a token’s full lifecycle, from issuance to redemption.
2020-2-13 15:05 | |
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Banks and other "trusted entities" could become licensed issuers of the stablecoin, the patents suggest.
2020-2-3 08:00 | |
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The cryptocurrency market is known for being extremely volatile, but stablecoins have helped to erase some of these concerns from investors. Equilibrium, a stablecoin issuers, decided to create more security for their EOSDT stablecoin, according to CEO Alex Melikhov.
2019-12-12 21:35 | |
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“Just because you say you are a banana doesn’t make you a banana,” said Director Blanco.
2019-11-20 20:00 | |
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The Fed warned that a stablecoin crisis could wreak havoc on the global economy and outlined the steps issuers must take to protect the status quo.
2019-11-16 00:00 | |
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Stablecoin issuers including Coinbase, Paxos and Terra are planning to change directions as a result of consumer interest in using stablecoins as a mean of payment rather than simply for trading reports The Block.
2019-8-4 22:15 | |
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While Binance DEX only supports tokens built on Binance Chain, Binance's own blockchain, the decentralized exchange will now support bitcoin trading with a newly created token pegged to the bitcoin.
2019-6-17 19:05 | |
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While the cryptosphere works toward mass adoption, the just-as-niche stablecoin market has seen a boost in popularity despite issuers like Tether experiencing their fair share of controversy.
2019-6-12 19:24 | |
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Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
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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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Stablecoin issuers are taking advantage of Tether's troubles to promote their cryptocurrencies as more viable alternates.
2019-5-2 11:00 | |
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Issuers of the leading stablecoin have drawn criticism for changes to the collateral model in their white paper. The post Analysis: New Tether Model Could Make Prices Unstable appeared first on Crypto Briefing.
2019-3-15 21:17 | |
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In today’s edition of The Daily, we feature a couple of new offerings in the cryptocurrency market including a wallet made for exchanges and token issuers as well as the latest fiat-backed stablecoin.
2019-1-31 13:30 | |
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Stablecoin issuers may need to apply for licenses to operate in Texas.
2019-1-8 20:57 | |
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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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A new memo by the Texas Department of Banking notes that stablecoins may fall under the state's definition of "money" and therefore would be subject to money transmission laws.
2019-1-5 01:35 | |
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Bitfinex Chief Strategy Officer Phil Potter announced Friday that he has decided to resign from the company. He is also leaving the same role at Bitfinex’s partner company, Tether Ltd. , issuers of a stablecoin (USDT) that is pegged 1:1 in value to the US Dollar.
2018-6-24 11:00 | |
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Chinese police in Sichuan reportedly intensified crackdowns on underground banking networks, with a particular focus on USDT transactions totaling billions of U.S. dollars. Chinese police in the Sichuan province reportedly uncovered a wide-scale underground banking scheme, with operations reportedly involving…
Stablecoin issuer Tether froze around 5.2 million USDT on addresses believed to be operated by phishing scammers.
Poloniex’s exchange data seen by crypto.news displays what appears to be a partially abandoned platform, with over 500 trading pairs showing no trading volume. Cryptocurrency exchange Poloniex, acquired by Justin Sun in 2019, demonstrates a concerned lack of activity as…
Tether CEO Paolo Ardoino says an uninformed executive behind a company being investigated by the SEC is being reported “spreading fear about USDT.” Tether boss Paolo Ardoino said in a recent post on X that an “uninformed CEO” is allegedly…
Tether boosts CityPay. io to expand payment solutions across Eastern Europe, targeting emerging markets and crypto payment technologies. The post Tether expands Eastern European operations with CityPay.
Maximilien de Hoop Cartier, heir to the famed jewelry dynasty, was arrested by US authorities for allegedly laundering millions of dollars for a Colombian drug cartel. Cartier, who primarily resides in France but holds Argentine citizenship, now faces a slew of charges related to money laundering and unlicensed money transmission. Related Reading: Bitcoin Bull Michael […]
In an interesting turn of events, Bitfinex chief technology officer (CTO) Paolo Ardoino has dismissed rumors of the exchange being involved in a large-scale data breach. This came in response to claims of a significant security breach by the hacking group FSOCIETY a little over a week ago. On April 26, FSOCIETY claimed on its […]