2023-2-22 10:35 |
Agustin Carstens, who has previously criticized stablecoins, said they do not benefit from the regulatory requirements and protections that apply to bank deposits. origin »
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Stablecoins have been flagged as an area of concern by regulators around the world. What raised their eyebrows was Facebooks' grand vision for 'Libra'. The social media giant's initiative failed to coThe post Can stablecoins reign in 2020 despite regulatory hurdles? appeared first on AMBCrypto.
2020-4-14 22:00 | |
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For stablecoins, regulatory compliance has been a challenge. While stablecoins project a simpler narrative regarding its utility as an on-ramp, recent incidents involving popular stablecoins and accusThe post Tether turns to Chainalysis in bid to regain trust with new AML tools appeared first on AMBCrypto.
2020-2-12 13:54 | |
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Stablecoins have been regarded as something that could disrupt the financial stability by regulators around the world. The oldest stablecoin, Tether's tryst with the regulators, has not been smooth.
2020-2-1 12:00 | |
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The role of digital currencies has been at the center of a lot of discussion at the World Economic Forum (WEF) in Davos this year. As a measure to address the fragmented regulatory system that surrounThe post CBDCs, stablecoins may see streamlined governance as WEF announces Global Consortium appeared first on AMBCrypto.
2020-1-25 11:16 | |
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Stablecoins continue to generate a fair few headlines. Binance has indicated it aims to launch potentially multiple of those currencies in the coming years. Before the company can do so, it needs regulatory approval.
2020-1-7 02:00 | |
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Circle CEO Jeremy Allaire openly shreds Tether for its lack of regulatory compliance while celebrating the success of USDC and stablecoins in general
2020-1-3 21:20 | |
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With China's advancement in the digital currency space and state-backed stablecoin, other countries are not particularly laying low in this matter. Russia is another country that has been prominent inThe post Russia's regulatory 'sandbox' tests stablecoins appeared first on AMBCrypto.
2019-12-27 01:30 | |
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According to recent reports, the Bank of Russia has started using a regulatory sandbox to test the performance of stablecoins. Russia Warming to Stablecoins Russia’s stance towards cryptocurrencies has always been questionable, with the country’s intentions and goals never being fully known to anyone.
2019-12-26 16:45 | |
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Saldo, an app that uses stablecoins that are pegged to the peso, has been approved by the Mexican government for use, ensuring that 20,000 migrant workers are able to use the Stellar network to pay their bills from the US.
2019-11-8 18:46 | |
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Hong Kong’s securities regulator says the world needs a united response to stablecoins like Libra to avoid firms setting up in laxer jurisdictions.
2019-11-7 13:00 | |
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CEO of cryptocurrency exchange Binance, Changpeng Zhao (CZ), recently participated in an AMA on Twitter and addressed the recent regulatory developments regarding cryptocurrencies in China. When asked about his view on the matter, CZ responded simply — the more participation, the better.
2019-10-30 12:00 | |
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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 | |
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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 | |
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The G20 nations agree that global stablecoins present serious public policy and regulatory risks
2019-10-19 08:10 | |
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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 | |
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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 | |
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It comes as no surprise that Facebook is still on the receiving end of regulatory pressure from global economies. The social media giant has done the crypto industry few favors as all eyes are now on stablecoins and the outlook for them is predictably pessimistic.
2019-10-14 11:30 | |
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The chair of the Financial Stability Board, Randall Quarles, recently spoke about the rise in popularity stablecoins are having, including very prominent projects such as Libra. According to him, the future can have significant regulatory challenges because of these projects.
2019-10-5 22:19 | |
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Stablecoins could pose “regulatory challenges,” says Randall Quarles, chair of the Financial Stability Board
2019-10-4 16:24 | |
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Earlier today, the Swiss Financial Market Supervisory Authority [FINMA] released guidelines on regulating stable coins. The guideline detailed how the regulatory authority will classify and regulate stablecoins based on its nature.
2019-9-11 17:53 | |
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Concerns over transparency and reserves are lingering over stablecoins, with big players facing regulatory pushback as they try to launch their own currencies #CT_sponsored
2019-9-3 17:26 | |
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The European Central Bank (ECB) has recently emitted a new report on the cryptocurrency market. This time, the banking institution approached the issues with stablecoins. The latest report touches on questions such as whether stablecoins can be a solution for the volatility of the crypto market and whether or not they have dangers related to […]
2019-8-30 22:54 | |
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The European Central Bank says stablecoins with clear governance may be hampered by regulation uncertainty
2019-8-30 20:35 | |
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Binance announced that it is planning to launch an open blockchain project focused on developing localized stablecoins around the world, competing with Facebook’s Libra. Reshaping the world’s financial system Over the last few years, Binance has actively communicated the need for a “global, multi-dimensional customer network and compliance system” to different regulatory authorities around the […] The post Binance Venus, a stablecoin that will compete with Facebook’s Libra appeared first on CryptoSlate.
2019-8-20 19:49 | |
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The UK’s top financial watchdog has concluded that Bitcoin and Ether do not require regulation, whereas utility tokens and some stablecoins will. The FCA Makes Decision on Bitcoin & Crypto Regulation Only July 31, the Financial Conduct Authority (FCA), announced that it will not regulate Bitcoin and Ethereum.
2019-8-1 09:19 | |
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The Financial Conduct Authority (FCA), the UK's financial watchdog, released the finalized version of its crypto asset guidelines, detailing which assets do and do not fall under its regulatory reach.
2019-7-31 19:05 | |
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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 | |
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Crypto lender BlockFi is rolling out support for the gemini dollar (GUSD) stablecoin, claiming an expected initial annual percentage yield (APY) of 6. 2 percent for non-U.
2019-5-30 19:44 | |
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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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Martin Saldamando is a Strategic Partnerships Manager in Platinum Q DAO Engineering. Having a bright experience in B2B marketing, writing about technological innovation and building customer-inspired products and services.
2019-5-10 14:47 | |
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Sterling Witzke, a Winklevoss Capital partner, speaks about the future of stablecoins, regulatory clarity in U.S. and a fair price for Bitcoin in an interview with Cointelegraph
2019-3-20 05:30 | |
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Crypto Garage, a subsidiary of the Japanese IT company Digital Garage, Inc, announced on January 21, 2019, that it would test issuance of JPY stablecoins on their SETTLENET platform. The Stablecoin Euphoria Expands to Japan The blockchain fintech company will pilot a delivery versus payment settlement service between JPY tokens and digital assets in a project fully authorized under the.
2019-1-22 14:00 | |
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Bitcoin (BTC) and virtual currencies had a very moved year since the very beginning. During the whole year, virtual currencies were falling and reaching new lows in the last year. However, there are some other things that are worth mentioning during 2018.
2018-12-29 21:47 | |
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The United States-based stablecoin project Basis has officially confirmed that it will close operations and refund investors in comments to Bloomberg. The Basis’ CEO Nader Al-Naji said that the decision to close the project was made due to regulatory concerns over a type of token in Basis’ — as well as other algorithmic stablecoins’ — […]
2018-12-14 11:09 | |
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The head of an algorithmic stablecoin project has admitted to Crypto Briefing that legal uncertainty in the United States is an “enormous” burden, both financially and developmentally.
2018-12-14 00:02 | |
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Although crypto startups have been capitulating en-masse due to financial restraints, a direct byproduct of Bitcoin’s rapid drawdown in value, reports indicate that a promising stablecoin venture has folded due to regulatory qualms.
2018-12-13 14:00 | |
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Bitcoin payment platform BitPay is now going to allow payments with the Paxos Standard token (PAX), which it calls “the fastest growing stablecoin and the highest trading volume of any U.
2018-11-22 00:25 | |
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Utility billing and payment services provider Novatti is launching a new Australian dollar (AUD)-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network.
2018-10-25 20:58 | |
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With the exception of the SEC’s FinHub announcement, it has been a quiet week for regulatory news — something we’ve been getting a lot of recently as U. S. officials clamp down on unscrupulous coin offerings and crypto companies.
2018-10-20 17:49 | |
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Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance. Amidst news of listings on Huobi and OKEx, two of the industry’s largest exchanges, TrueUSD (TUSD), Gemini USD (GUSD), the Paxos Standard (PAX) and Circle’s USD Coin (USDC) have all risen well above their pegs.
2018-10-17 01:17 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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Stablecoins have been all the rage this year with currently dozens in circulation bearing names like Tether, Basis, Sagacoin, TrueUSD, Dai and Carbon. Just this month, two more came onto the market, the Paxos Standard token and the Gemini Dollar, which both received regulatory approval from the New York Department of Financial Services.
2018-9-21 19:31 | |
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Stablecoins have been all the rage this year with currently dozens in circulation bearing names like Tether, Basis, Sagacoin, TrueUSD, Dai and Carbon. Just this month, two more came onto the market, the Paxos Standard token and the Gemini Dollar, which both received regulatory approval from the New York Department of Financial Services.
2018-9-24 19:31 | |
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Earlier this month, three stablecoins (Gemini, Paxos and Carbon) that are pegged 1:1 to the U. S. dollar launched with regulatory approval. But many investors don’t like the dollar’s inflationary features and some undoubtedly prefer value stored in precious metals.
2018-9-21 00:00 | |
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Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).
2018-9-11 01:58 | |
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Blockchain money transfer company Wyre has announced a partnership with MakerDAO, creator of the Dai stablecoin, to offer Dai as part of a fiat-crypto trading pair in more than 30 countries across the world including the U.
2018-8-15 00:54 | |
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“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.
2018-7-26 18:55 | |
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