2023-8-30 19:07 |
Republican lawmakers accuse Federal Reserve of hindering stablecoin regulation efforts through recent regulatory letters, raising concerns about its impact on digital asset market participation. origin »
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The Monetary Authority of Singapore (MAS) has released a consultation paper seeking industry feedback on its proposed regulatory approach for stablecoins and related activities in the city-state. Major cryptocurrency firms Ripple and Circle submitted detailed responses to the consultation, offering…
2023-8-22 19:02 | |
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The central bank would label these crypto tokens as MAS-regulated stablecoins. This way users would be able to distinguish these coins from non-regulated stablecoins. Singapore’s central bThe post Singapore pushes into crypto regulation with new stablecoin framework appeared first on AMBCrypto.
2023-8-15 13:00 | |
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Former Binance.US CEO and an ex-acting US Comptroller of the Currency Brian Brooks has commented on the ongoing discourse regarding stablecoin regulation in the US. In an interview with CNBC on Friday, August 11, Brooks, now a partner at Valor Capital Group, took a stance against stablecoins opposition in the US government, saying that a […]
2023-8-12 17:50 | |
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Democratic congresswoman Maxine Waters has expressed her concerns over PayPal’s launch of its dollar-pegged stablecoin, PYUSD. In a written statement on Aug. 9, Waters urged for comprehensible regulation.
2023-8-10 15:25 | |
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Earlier this week, popular American payment giant Paypal unveiled the launch of its USD-pegged PYUSD stablecoins to investors. In response, Democrat congresswoman Maxine Waters has raised palpable concerns that may or may not threaten the stablecoin’s operations.
2023-8-10 15:00 | |
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Democratic U. S. Congresswoman and House Financial Services Committee Ranking Member Maxine Waters criticized PayPal’s stablecoin on Aug. 9. Waters said in a statement: “I am deeply concerned that PayPal has chosen to launch its own stablecoin while there is still no Federal framework for regulation, oversight, and enforcement of these assets.
2023-8-10 04:00 | |
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The EU agency is consulting on new MiCA rules that mean “significant” tokens are centrally supervised with extra capital requirements
2023-7-25 20:18 | |
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The delay of the US Stablecoin Bill by a week has ignited further discussion on the potential shift in the regulatory landscape. The post US Stablecoin Bill Pushed Back a Week: A Turn for Crypto Regulation in America? appeared first on BeInCrypto.
2023-7-18 23:39 | |
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U.S. Senators Cynthia Lummis and Kirsten Gillibrand are set to introduce a revised version of the cryptocurrency regulation bill, aiming to establish a comprehensive regulatory framework for digital asset transactions and stablecoin issuance.
2023-7-18 20:57 | |
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Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar.
2023-7-14 04:32 | |
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The European Banking Authority (EBA) has advised stablecoin issuers to prepare for the forthcoming Markets in Crypto-Assets (MiCA) regulation, which is scheduled to be implemented next year, as noted in a statement released on July 12.
2023-7-13 17:58 | |
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South Korea’s financial authorities are preparing for the second phase of virtual asset legislation to regulate various aspects of the country’s crypto market, local media ChosunBiz reported on June 5.
2023-7-5 13:55 | |
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The Bank of Italy (Banca d’Italia), called for thorough stablecoin regulations in a report published on June 28. Bank questions the reliability of stablecoins The central bank described cryptocurrency regulation in general but emphasized a need to regulate stablecoins, which it alleges “have not proved stable at all.
2023-7-1 01:00 | |
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U. S. Federal Reserve Chair Jerome Powell’s bullish stance on stablecoins is notably at odds with the cautionary perspective of Securities and Exchange Commission (SEC) Chair Gary Gensler. The juxtaposition of these positions has sparked further discourse in the ongoing debate over the classification and regulation of cryptocurrencies.
2023-6-23 02:00 | |
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Circle CEO Jeremy Allaire is set to testify before the US House Financial Services Committee today, urging lawmakers to prioritize the primacy of the US dollar and pass essential stablecoin legislation.
2023-6-13 14:12 | |
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Circle CEO Jeremy Allaire published a June 12 blog post featuring testimony that he plans to present to Congress regarding draft stablecoin regulation. Allaire urges for pro-U.S. stablecoin rules Allaire said in his prepared remarks: “The stablecoin bill is a crucial piece of legislation that should be the first step in creating a regulatory framework […] The post Circle CEO praises US stablecoin bill in remarks prepared for House committee hearing appeared first on CryptoSlate.
2023-6-13 01:07 | |
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As the digital asset industry continues to evolve, so too do the regulations designed to govern it. In a recent development, the US House Financial Services Committee has unveiled a revised draft of a stablecoin bill, a product of bipartisan collaboration, and a potential harbinger of comprehensive US crypto regulation. The bill is the result […]
2023-6-9 14:00 | |
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Global leaders appear to have reached a consensus on setting up universal rules and standards for most aspects of the crypto sector save for the treatment of stablecoins.
2023-6-8 11:00 | |
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The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation.
2023-6-2 20:46 | |
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Coinspeaker First Digital Group Launches FDUSD Stablecoin amid Hong Kong’s Regulation Move FDUSD will not be used in Hong Kong until its stablecoin regulations are fully in place. First Digital Group Launches FDUSD Stablecoin amid Hong Kong’s Regulation Move
2023-6-1 17:03 | |
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The Republicans on the House Financial Services Committee (HFSC) brought forward a discussion draft of legislation for regulating stablecoin issuers. The bill also aims to update and clarify U.
2023-4-25 19:00 | |
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Lawmakers didn’t reach a consensus between political parties on a stablecoin bill, with one witness warning that this lack of regulatory clarity could drive certain projects abroad.
2023-4-20 23:15 | |
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Here are the key issues as the House Financial Services Committee hears testimony about stablecoin regulation.
2023-4-19 17:29 | |
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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.
2023-4-20 20:11 | |
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SEC Chairman Gary Gensler recently testified before Congress, expressing concerns over the state of cryptocurrency compliance and the need for stablecoin regulation
2023-4-18 19:28 | |
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- The U. S. proposed a bill to regulate stablecoins, with fines and prison sentences for non-compliance. - Circle CEO endorses the proposed bill, while Tether and other stablecoins dominate the markThe post U.
2023-4-16 22:30 | |
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The International Organization of Securities Commissions shared its vision of stablecoin arrangements, decentralized finance and “finfluencers.“
2023-4-7 11:11 | |
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Rep. Maxine Waters said in a recent interview that she would prioritize the passage of a stablecoin bill after the depegging of USDC last week. The post House Financial Chair Puts Skids on Stablecoin Regulation After USDC Depeg appeared first on BeInCrypto.
2023-3-16 23:20 | |
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Binance USD (BUSD) has suffered a significant loss of about 43% of its market cap value in the last 3 weeks following a regulatory crackdown by U. S. authorities. BUSD is a popular token issued by the Paxos Trust Company, and it serves as the native stablecoin of the Binance exchange.
2023-3-3 21:30 | |
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Circle CEO Jeremy Allaire told Bloomberg on February 23 that the United States Securities and Exchange Commission should not be tasked with regulating stablecoins. The post Circle CEO says stablecoin regulation should not be assigned to U.S. SEC appeared first on CryptoSlate.
2023-2-24 03:30 | |
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Avalanche-based Platypus Protocol, an AMM that was less than two weeks into launching it’s new stablecoin USP, suffered an $8. 5M flash loan attack on Thursday. There’s plenty to talk about recently about stablecoins, but this story isn’t about regulation – but rather about community-issued enforcement and collaboration to rectify actions from the hack.
2023-2-18 02:18 | |
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The largest cryptocurrency by market value continued to linger below $22,000. Ether fell below $1,500.
2023-2-14 00:14 | |
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Due to the potential of stablecoins in managing inflation, the algorithmic dollar-pegged digital assets have come under solid regulatory focus.
2023-2-2 18:07 | |
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Binance CEO Changpeng Zhao (CZ) said that stablecoin regulation could help accelerate its adoption, according to a February 1 Twitter thread. The post Binance CZ says stablecoin regulation would boost adoption appeared first on CryptoSlate.
2023-2-2 10:30 | |
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French Hill, a Republican, said the newly formed subcommittee on digital assets will look to tackle stablecoins first.
2023-1-27 21:14 | |
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Bitwise Chief Compliance Officer Kathrine Dowling is optimistic on stablecoin regulation in the US in 2023. According to Dowling, stablecoins will the first to be regulatory as what needs to be done is mostly straightforward.
2023-1-24 00:20 | |
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Jeremy Allaire says stablecoin regulation will be what lawmakers are focusing on this year because of its straightforward nature and significant growing potential.
2023-1-20 22:21 | |
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The global market for fiat-referenced crypto assets increased 30-fold between the beginning of 2020 and mid-2022. The top three fiat-referenced crypto assets currently control 90% of the total The post Canadian Central Bank emphasizes need for stablecoin regulation appeared first on AMBCrypto.
2022-12-20 17:00 | |
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Coinbase's CEO, Brian Armstrong, proposed a plan on Monday to bring regulatory stability to the crypto industry. He believes the law will encourage the adoption of stablecoins.
2022-12-20 14:04 | |
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Bank of Canada (BOK) just released a statement on the need for regulating stablecoins pegged to a centralized fiat currency. One of the main reasons for this decision is the high demand for crypto assets in the North American country.…
2022-12-20 11:40 | |
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A note by central bank researchers says regulation is the key to reaping the benefits of fiat-referenced crypto assets after the Canadian Parliament fails to consider legislation.
2022-12-20 00:56 | |
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The bill addressed stablecoin regulation from the start; now the Financial Conduct Authority will be empowered to regulate activities with crypto assets if the amended bill passes.
2022-10-22 23:30 | |
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Federal Reserve Bank Vice Chair Michael Barr said that banks accepting crypto deposits should be aware of their increased liquidity risks in an October 12 speech published on October 17. The post Fed Vice Chair warns banks about crypto liquidity, urges stablecoin regulation appeared first on CryptoSlate.
2022-10-18 16:49 | |
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The White House is planning to regulate the Bitcoin and stablecoin industry and they are planning to create a central bank digital currency.
2022-10-12 10:00 | |
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Jerome Powell, Christine Lagarde, Ravi Menon, and Agustn Carstens shared their thoughts on several topics, including DeFi regulation, stablecoins, and central bank digital currencies. Fed Chair Talks Stablecoins The Federal...
2022-9-27 17:19 | |
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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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Senator Andrew Bragg on Monday released a draft bill aimed at regulating crypto exchanges, stablecoins and the digital yuan.
2022-9-20 09:26 | |
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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.
2022-9-17 02:48 | |
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The move comes as the central bank is looking to bring in more safeguards for retail customers and a stablecoin regulation.
2022-8-26 08:51 | |
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A cluster of major US inflation and jobs reports due this week could spike volatility in stocks and crypto, with Fed policy expectations in focus as liquidity drops. A series of U.S. economic data releases scheduled for this week could…
Kraken's parent company made a first step toward an IPO, hoping to follow the path of Circle, Gemini, Bullish, and Figure Technologies
New Hampshire has once again notched the first position among other U.S. states after launching a Bitcoin-backed municipal bond. New Hampshire’s business financing agency, the Business Finance Authority, signed the approval on Nov 17 to authorize a “first of its…
United States authorities have indicted Chicago-based crypto ATM operator Virtual Assets LLC and its founder, Firas Isa, with money laundering charges involving fraud and narcotics proceeds. Isa and his firm operated Crypto Dispensers, a company whose core business involved offering…
The U. S. Senate Banking Committee will vote in December 2025 on comprehensive cryptocurrency market structure legislation, according to committee Chair Tim Scott on a recent television interview on Fox News.
Will the White House proposal give the IRS broader access to offshore crypto data as agencies push for tighter tax oversight? The White House is examining a proposed rule that would give the Internal Revenue Service access to data on…
Treasury yields, Federal Reserve policy, have put pressure on risk assets, including Bitcoin, during the government shutdown. The longest government shutdown in U.S. history is over, but the crypto markets are still in the red. Just hours after lawmakers finalized…