2020-11-11 14:22 |
The UK has revealed that it is working on regulations for stablecoins as it...
The post UK Treasury drawing up stablecoin regulations appeared first on Coin Journal.
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The government of the United Kingdom is making active plans to transform the nation’s financial ecosystem and ultimately make the region a hotbed for innovative businesses. The government says it plans to formulate amenable regulations for stablecoin initiatives and central bank digital currencies (CBDCs), according to a statement November 9, 2020.
2020-11-11 22:00 | |
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Recent reports have revealed that the Group of Seven (G7) plans to prevent the launch of Facebook’s Libra. Concerned about the first global stablecoin, the world’s largest economies will halt the project until adequate regulations arrive.
2020-10-13 12:20 | |
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“No global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements.”
2020-10-13 22:25 | |
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A newly-appointed financial regulator in Japan said this week that introducing laws and regulations for Bitcoin trading would impede technical innovation while supporting purely speculative gains, according to Reuters.
2020-8-8 19:00 | |
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In a speech given on Thursday, Lael Brainard, the Federal Reserve governor canvassed on various financial issues in the United States and the world and the issue of stablecoin like Libra was raised. The Facebook led project that was launched last year with lots of publicity, has been said to fuel the clamor by central […]
2020-8-7 22:58 | |
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The co-founder of Turkish stablecoin project BiLira predicts that Turkey’s government will soon introduce new regulations for blockchain within the next year.
2020-6-15 21:00 | |
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China’s interest in blockchain and state-issued cryptocurrencies is hitting new highs each week. The country has already earmarked a blockchain zone, piloted its CBDC project, and put friendly energy regulations in place for miners.
2020-5-23 19:00 | |
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This week, Central banks got recommendations to heavily regulate, if not ban, stablecoins. The recommendations were outlined by the Financial Stability Board (FSB). This organization makes recommendations about financial systems to central banks and finance ministers of G20 member countries.
2020-4-19 21:51 | |
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Regulations can help not only legitimize stablecoins but also increase their global popularity, as per many experts
2020-4-19 21:21 | |
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The report was published on March 23 and shed more light on the legal uncertainty around stablecoins. IOSCO highlighted an example that sounds pretty similar to Facebook’s Libra. According to the summary, if an entity runs its own stablecoin on a private blockchain with a unique form of governance, then the asset falls under securities […]
2020-3-26 17:30 | |
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At a recent lecture on financial regulations at Harvard's Kennedy School, CFTC chairman Heath Tarbert spoke about the role of the CFTC in digital asset regulations, how jurisdiction is divided betweenThe post CFTC Chairman: Possibility of global stablecoin the only systemic risk appeared first on AMBCrypto.
2019-12-10 13:30 | |
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The Financial Crimes and Enforcement Network has revealed its stance on stablecoins. Kenneth A. Blanco, director of the U. S. government body, has declared that stablecoins are a form of money transmission and must be regulated as such.
2019-11-20 20:53 | |
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A new European Union (EU) draft document says that the European Central Bank (ECB) should hasten progress towards issuing its own digital currency for use by the public ahead of Facebook’s Libra project.
2019-11-6 04:23 | |
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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 | |
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The latest lawsuit against Bitfinex and Tether highlights the need for better regulations across the stablecoin market
2019-10-11 19:21 | |
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EU's financial services commissioner Valdis Dombrovskis intends to create a new regulations for crypto, particularly Facebook’s Libra stablecoin.
2019-10-8 12:58 | |
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As Central Banks across the world start looking into cryptocurrencies and DLT to see how feasible a fiat-backed digital currency would be, the IMF (International Monetary Fund) has now entered the conversation as well, publishing a blog post exploring the advantages of a privately issued stablecoin, one which is backed by central bank reserves.
2019-9-28 18:30 | |
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Tether announced a new offshore Chinese-yuan backed stablecoin, CNHT. The cryptocurrency is the newest addition to the firm’s suite of regulation-skirting coins. Primer on China’s currency controls As part of China’s monetary strategy to peg the yuan against the dollar, it is mandatory that the People’s Republic control capital flows into the country.
2019-9-10 22:15 | |
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Arizona's fintech program has added a controversial startup using stablecoins to evade federal regulations
2019-8-1 23:30 | |
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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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Facebook is planning to pilot test its stablecoin in the India despite the country’s unwelcoming stance towards digital currencies. Unidentified sources told that the country still has room for expansion, reported Business Insider, May 10, 2019.
2019-5-10 18:00 | |
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Stablecoins are the latest innovation to emerge over the past year and have the potential to revolutionize not only virtual currency markets but to also become a new mechanism for worldwide commerce.
2019-2-27 14:58 | |
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World’s Pioneering Multi-Asset Stable Token Launched In Mauritius Mauritius-based HYBSE Marketplace has introduced the first multi-asset stable token (MAST) in the world. This was done in collaboration with GMEX and MINDEX.
2019-2-23 20:12 | |
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As regulations continue to evolve in South Korea, their decision to innovate has brought with them a new victory. Fintech firm BxB Inc. has officially launched the “first” stablecoin, which is directly pegged by the Korean won.
2019-1-31 17:37 | |
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Mexican startup Airtm will launch a campaign to raise donations for Venezuelans, a country whose poor monetary policies have plagued it with hyperinflation. Called the AirdropVenezuela.
2018-11-28 19:29 | |
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Circle’s USD Coin (USDC) has released an independent, third-party attestation of its bank account, and according to a top 5 public accounting firm, the stablecoin has its funds in order.
2018-11-22 22:05 | |
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In recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes.
2018-11-14 22:45 | |
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Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.
2018-10-31 17:17 | |
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IDEX, the supposedly decentralized exchange, plans to start blocking traders who reside in the state of New York. The decision sets an alarming precedent for decentralized exchanges (DEX), which have traditionally given short shrift to regional regulations in their pursuit of censorship-resistance.
2018-10-24 18:55 | |
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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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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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Kraken secures Restricted Dealer registration in Canada. Cynthia Del Pozo has been named General Manager for North America. Kraken’s Canadian operations have doubled over the past two years, exceeding $2B CAD in assets.
South Korean court has temporarily lifted a 3-month ban on top crypto exchange Upbit. Regulators imposed the ban in February. South Korea’s cryptocurrency exchange Upbit has received reprieve from the courts, with a three-month ban on the crypto exchange now lifted albeit temporarily.
Tether’s market capitalisation slid 1. 5% over the last seven days as broader MiCA regulations across crypto asset service providers in the Eurozone kicked in on Dec 30. These regulations include some stringent rules for global stablecoin providers as some European exchanges have begun to delist USDT.
The UAE updated its tax laws to exempt crypto transactions from value-added tax. The change will take effect on November 15 but retroactively apply to transactions from January 1, 2018. The UAE government amended its regulations around value-added tax laws to exclude digital assets and transactions involving them.
The UAE Central Bank approved a framework for stablecoin regulation which allows only dirham-backed stablecoins to be used for payments. Cryptocurrency like Bitcoin and Ethereum will be restricted to trading, investment, and corporate treasury purposes while foreign stablecoins will only be permitted for purchasing specific virtual assets like NFTs.
Starting Monday, July 8th, Kucoin will charge a 7. 5% tax on all transactions made by users registered in Nigeria. This decision comes from a regulatory update from the Nigerian SEC. Kucoin exchange took to Twitter (X) to announce that starting Monday, July 8th, Nigerian users will be charged a 7.
The IRS has set up a tax reporting framework for cryptocurrency brokers, which will be implemented in 2025. The framework does not include decentralised finance and non-hosted wallets, although rules for those will come later in the year.