Stablecoins Must Meet Appropriate Financial Regulations, Says U.S Presidential Advisory Group

2020-12-27 12:00

The financial working group of the US government has indicated that Stablecoins must meet certain regulatory standards to be accepted in the country. This comes after the controversial stablecoin bill that has been proposed by US lawmaker Talib Rashid. origin »

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stablecoins group financial must meet controversial comes

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Источник: Cripyo.news

stablecoins group → Результатов: 32

PWG publishes a statement on the regulation of specific stablecoins

The President’s Working Group on Financial Markets (PWG) has released a statement regarding the regulation of stablecoins. The group, which comprises representatives from the Treasury, the Federal Reserve, the SEC, and the CFTC, published the statement on December 23, focusing on US-issued stablecoins.

2020-12-24 17:28	Cryptocurrency
statement stablecoins group pwg regulation treasury sec

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The President’s Working Group Ponders Stablecoin Regulation

According to the working group, the new regulations specifically target stablecoins: “These requirements address a range of policy objectives, including safety and soundness, countering illicit finance, end-user protection, and market integrity.

2020-12-24 15:43	The United States (USA)
group working safety soundness policy objectives illicit

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Presidential Advisory Group Weighs In on Regulatory Approach to Stablecoins

Stablecoins should meet the same regulatory standards as other financial instruments, Trump’s Working Group on Financial Markets said.

2020-12-24 01:23
stablecoins financial regulatory group said instruments markets

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Banking API Platform Sila Raises $7.7M on Promise of Programmable Money

The $7.7 million round from Madrona Venture Group and others will help Sila bring bespoke stablecoins to fintech entrepreneurs.

2020-4-9 15:00
sila others help group venture bespoke fintech

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G20 Finance Ministers reiterate need for evaluation before 'global stablecoins' launch

Following the latest G20 meetings in Riyadh, the Group of 20 Finance Ministers and Central Bank Governors have urged countries to implement FATF standards on cryptocurrencies and other virtual assets.

2020-2-24 22:28	Trading View
g20 finance ministers countries urged governors bank

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Universal Protocol Alliance to List Mega-Utility Token on Bitcoin.com Exchange

In addition to listing the Universal Protocol Alliance’s mega-utility token, Bitcoin. com Exchange will also list the group’s stablecoins, as well as support interoperability between the Ethereum protocol and the Simple Ledger protocol.

2019-11-12 14:00	Exchanges
bitcoin exchange protocol token list mega-utility universal

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Libra Head Now Considering A ‘Series Of Fiat-Backed’ Stablecoins; Binance CEO Says, It “Won’t Work”

Despite the regulatory pressure and seven of the Libra Association members leaving Facebook’s cryptocurrency project, the social media giant is undeterred and could work on cryptocurrencies based on national currencies like the dollar instead of just the synthetic one, initially proposed.

2019-10-21 15:37	Bitcoin Information
work libra initially synthetic one proposed dollar

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Libra Hints at Changing Their Core Rollout Model

David Marcus spoke to a group of established bankers in Washington this week, and he once again highlighted Facebook’s desire to launch the stablecoin as per regulatory demands. Marcus suggested that the core model of Libra can be changed if governments are unhappy with the current Libra prototype.

2019-10-21 13:00	Libra
libra marcus model core prototype cryptocurrency launching

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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
bis all bitcoin failed bank clueless near

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G20 leaders agree to disallow stablecoin issuance till risks are addressed

Leaders of G20 met on Friday, and have reportedly agreed to set strict regulations for stablecoins like Facebook’s Libra. They warned that the issuance of stablecoins should disallowed until the risks they pose to global economies are addressed.

2019-10-19 14:30	Stablecoins
addressed stablecoins risks g20 issuance leaders till

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Op Ed: Stablecoins Report Illustrates That G7 Leaders Don’t Understand Bitcoin

A new report on stablecoins by a G7 working group betrays some misunderstandings by the authors when it comes to bitcoin. The post Op Ed: Stablecoins Report Illustrates That G7 Leaders Don’t Understand Bitcoin appeared first on Bitcoin Magazine.

2019-10-19 20:20	Stablecoins
bitcoin report stablecoins don illustrates understand leaders

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G7 countries caution against Facebook’s ‘risky’ Libra

Earlier this week I told you Facebook‘s ‘cryptocurrency‘ saga had turned into a soap opera and that it was going to be a long season, and it seems I wasn’t wrong. The technology giant is facing a new challenge after the G7 said on Thursday that such stablecoins shouldn’t be allowed to launch until international risk was assessed.

2019-10-18 12:04	hard fork
facebook libra concern stability echoed group coverage

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Libra Association stresses on cooperation as G7 releases report on stablecoins

The working group of the G7 has released a report detailing the potential risks a global stablecoin (GSC) could pose to nations and economies worldwide. GSCs will have to address these concerns to be considered for approval, the report said, adding that addressing the outlined risks will not guarantee regulatory permission to operate.

2019-10-18 11:30	Tether
report association stresses risks stablecoins cooperation libra

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G7 Confirms Libra Like Cryptocurrency Needs a Legal Basis

Social media giant Facebook has certainly rattled the regulatory feathers of global regulators with its grand plans for cryptocurrency world domination. Politicians and citizens alike are right to question Libra and those that will be pulling the strings behind it.

2019-10-18 09:30	StableCoin
cryptocurrency libra needs confirms legal like basis

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Facebook’s Libra Under New Fire From G7 Taskforce

Facebook’s proposed Libra ‘cryptocurrency’ has run into further resistance, this time from a G7 taskforce. The group issued a report stating that ‘global stablecoins’, such as Libra, should not begin operation until proven safe and secure.

2019-10-14 14:00	Libra
libra taskforce facebook global potential report fire

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G7 Group of Nations Warns that Global Stablecoins Threaten Existing Financial System

The G7 group of nations has prepared a draft report which notes that globally accessible stablecoins pose a significant threat to the existing financial system. According to BBC, G7’s draft report detailed the different risks...

2019-10-14 11:42	Stablecoins
system draft report existing financial group nations

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Facebook Libra Risks to Financial Stability Demand ‘Highest’ Regulatory Standards, Says G7

The G7 group of nations has warned of the threat posed by stablecoins such as Facebook's Libra and set out draft recommendations for regulation.

2019-7-18 15:00
facebook libra posed stablecoins such recommendations regulation

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Is This Group of Banks About to Snub Ripple?

By CCN: According to Reuters sources, about 12 banks are investing in a blockchain ledger complete with digital cash. While it’s unclear which banks are currently participating in the $50 million project, a spokesman for Barclays told the news organization that “the Research & Development phase is coming to an end.

2019-5-17 05:58
banks blockchain snub project group phase reuters

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Binance Expands its Stablecoin Pairs with USDS/USDT, USDS/PAX, USDS/TUSD and USDS/USDC

In the world of crypto-trading, there are two schools of thought when it comes to the role played by stablecoins. The first group of traders welcome the idea of stablecoins such as Tether (USDT), True USD (TUSD), Paxos Standard (PAX) and more.

2019-2-13 19:05
usds pax usdt tusd expands binance stablecoins

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Freewallet is Listing New Stablecoins in a Time of Need

CoinSpeaker Freewallet is Listing New Stablecoins in a Time of Need Today Freewallet is listing a group of new stablecoins, joining them with USDT and DAI on Multiwallet. Freewallet is Listing New Stablecoins in a Time of Need

2018-12-3 18:40	Stablecoins
stablecoins freewallet new listing need time dai

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Tether Will Soon Allow Direct Redemption of USDT — But With a High Minimum

Tether is launching a new liquidity portal, one that will finally allow the direct redemption of Tether’s stablecoin USDT back into fiat. According to a new report released on the company’s website, Tether is going to “launch a redesigned platform allowing for the verification of new customers and direct redemption of Tether to fiat.

2018-11-28 01:21	Digital assets
tether fiat one new exchange skeptics however

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Huobi CEO and COO Meet the Winklevoss Twins to Discuss Global Synergy

The CEO of the Huobi Group, Leon Li went to meet the co-founders of Gemini exchange along with COO Robin Zhu. The meeting between the four on Wednesday was designed to talk about stablecoins, creating a flatter global economy and bridging the crypto communities of the west and east.

2018-11-8 17:59	Cryptocurrency
huobi ceo coo global meet bridging leon

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HUOBI Group Sets up Shop in Africa, Middle East and South Asia

Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents.

2018-10-26 21:07	Adoption & community
huobi company stablecoins blockchain wallet usd support

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Global Stablecoin Association to be Established at Blockchain Budapest Conference

Stablecoins, despite their perceived lack of viability, are quickly becoming an emerging part of the cryptocurrency market. However, some projects like Tether (USDT) or the Winklevoss Twins’ Gemini Dollar, are at odds with one another regarding their respective missions.

2018-10-25 16:53	Cryptocurrency News
blockchain collaboration global conference association stablecoin budapest

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Cryptocurrency traders are shifting from stablecoins to Bitcoin

The second half of 2018 has seen Dollar-pegged cryptocurrencies (stablecoins) flood the market, but recent data suggests that Bitcoin might become the one true stablecoin. The latest report from blockchain research group Diar shows while Tether still accounts for an overwhelming majority of the total stablecoin volume, cryptocurrency traders are actually starting to exchange with Bitcoin directly, rather than use new, regulated alternatives.

2018-10-24 13:51	hard fork
bitcoin cryptocurrency stablecoin one shows markets exchange

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Japanese Internet Monolith GMO to Launch Yen-Pegged Stablecoin

GMO Internet Group is working to launch a stablecoin by 2019. In an announcement released on Tuesday, October 9, 2018, the Japanese IT conglomerate said it is putting all gears in place to begin building its stablecoin, called the GMO Japanese Yen (GJY).

2018-10-10 02:10	Digital assets
gmo stablecoin company bank crypto gjy japanese

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Bitcoin Magazine’s Week in Review: Under the Microscope

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
bitcoin blockchain study week new privacycoins two

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Blockchain’s Report Examines Benefits (and Failures) of Today’s Stablecoins

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	Digital assets
stablecoins percent stablecoin digital report roughly most

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Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin

Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12. 7 million through a digital token fund, according to reports from the South China Morning Post (SCMP).

2018-9-19 00:42	Digital assets
grandshores stablecoin fund blockchain plans bank stablecoins

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Bodhi Bets on the Decentralized Prediction Marketplace

As with brick-and-mortar industries that are slowly fading away to the globalism of the online world, so too will the traditional prediction market industry have to innovate to keep up with the sheer efficiency, reliability and security that the decentralized prediction markets promise to bring.

2018-7-31 15:58	Investing
prediction bodhi qtum network bot result round

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?Global Stablecoins? Have to Be Checked for Investor Protection and Ensure AML Measures, Says G7 Report

Globally spread stablecoins may throw challenges to financial regulators and banks, says a recent report by G7?s FSB group

2019-10-14 13:39
report says stablecoins financial challenges throw may

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Plume Selects Korean Won for First Non-USD Stablecoin in Partnership with BDACS

Plume partners with BDACS to introduce KRW1, a won-pegged stablecoin backed by domestic bank deposits, enabling Korean institutions to invest in RWAs.

Sony Ventures injects $13m into Startale Group to support Soneium

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ERC-20 stablecoin market cap on Ethereum just fell $7b in a week, signaling investors may be exiting crypto entirely instead of rotating risk. The ERC-20 stablecoin market capitalization has declined by several billion dollars over the past week, marking the…

Crypto market rebound may stall as stablecoin supply shrinks amid precious metal rotation

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Circle faces backlash over unfrozen USDC after $3m SwapNet theft

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2020-12-27 12:00

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