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Data Indicates Stablecoins Are Becoming A Global Asset Class
26.4.2024
New data from blockchain research firm Chainalysis shows stablecoins are likely to become a global asset class. Here's why.
The post Data Indicates Stablecoins Are Becoming A Global Asset Class appeared first on Cryptonews
New US Senate Bill Could Encourage Banks to Enter Stablecoin Market: S&P Global
25.4.2024
According to global ratings firm S&P Global Ratings, a new bill focused on stablecoins introduced to the United States Senate has the potential to incentivize U.S. banks to enter the stablecoin market.
The post New US Senate Bill Could Encourage Banks to Enter Stablecoin Market: S&P Global...
Senators Lummis and Gillibrand Introduce New Bill to Regulate Stablecoins
17.4.2024
Senators Cynthia Lummis and Kirsten Gillibrand have joined forces to propose a new bill aimed at regulating stablecoins.
The post Senators Lummis and Gillibrand Introduce New Bill to Regulate Stablecoins appeared first on Cryptonews
The Solution for Stablecoin Regulation
17.4.2024
UK Set To Launch New Crypto Staking And Stablecoin Legislation By July, Economic Secretary Bim Afolami Says
15.4.2024
The UK is set to introduce new crypto staking and stablecoin legislation by July, according to recent remarks by Economic Secretary Bim Afolami. Afolami previously hinted at the legislation in February as the current conservative-led government aims to introduce new regulation ahead of this year's...
Payment Use Cases Fuel Increasing Stablecoin Growth
12.4.2024
The global stablecoin supply currently stands at over $150 billion, demonstrating new demand for relatively stable digital assets. The stablecoin market has also grown more competitive. For example, XRP issuer Ripple recently announced plans to launch a United States dollar-backed stablecoin. ...
Leading Lawmakers From House Financial Services Committee Meet With Chuck Schumer To Discuss Stablecoin Bill: Punchbowl News
12.4.2024
Leading U.S. lawmakers from the House Financial Services Committee (HSFC) met with Senate Majority Leader Chuck Schumer Thursday afternoon to discuss their upcoming stablecoin bill, Punchbowl News has reported. Thursday's meeting marks the latest move by McHenry and Waters to advance stablecoin...
Senator Elizabeth Warren Slams Push For Stablecoin Bill, Cites National Security Risks
10.4.2024
Senator Elizabeth Warren is criticizing the push for a stablecoin bill without anti-money laundering laws in place due to national security concerns, a letter sent on Monday to House Financial Service Committee Chairman Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) reveals. Warren...
Coinbase Legal Chief Pushes For Stablecoin Regulation
9.4.2024
Paul Grewal, the legal chief at Coinbase, encouraged the US Congress to quickly pass stablecoin legislation on April 9 in order to combat the illegal usage of cryptocurrencies. Paul Grewal's plea coincides with the Senate Banking trial on combating terrorism, illicit financing, and sanctions...
Pro-Bitcoin Senator Cynthia Lummis Leads Push for Stablecoin Regulation: A Look at the Bill and Its Impact
8.3.2024
U.S. Senators Cynthia Lummis and Kirsten Gillibrand are getting ready to unveil a landmark stablecoin regulation bill. The bill has received support from stakeholders including the Treasury and the New York Department of Financial Services.
The post Pro-Bitcoin Senator Cynthia Lummis Leads Push...
Bank for International Settlements Releases Executive Summary of Global Stablecoin Recommendations
1.3.2024
The Bank of International Settlements (BIS) has released its recommendations for the regulation, supervision, and oversight of global stablecoin arrangements, according to an executive summary published on February 29.
The post Bank for International Settlements Releases Executive Summary of Global...
UK Aims for Stablecoins, Staking Regulations by Mid-2024
20.2.2024
The UK government intends to get lawmakers to approve new legislation for stablecoins and staking within the next half-year.
The post UK Aims for Stablecoins, Staking Regulations by Mid-2024 appeared first on Cryptonews
Treasury Secretary Yellen Says U.S. Needs Better Stablecoin Regulation
6.2.2024
"A federal regulator should have the ability to decide if a stablecoin issuer should be barred from issuing such an asset," she told lawmakers on Tuesday
Hong Kong Regulators Unveil Public Consultation Paper on Stablecoin Regulation
28.12.2023
Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau have released a public consultation paper to gather residents’ opinions on the proposed regulatory regime for stablecoin issuers. The HKMA also announced the introduction of a sandbox arrangement whose purpose will...
Lawmaker Raises Red Flags Over Hong Kong’s Stablecoin Regulation Proposal
27.12.2023
A Hong Kong lawmaker expressed worries that new stablecoin regulations could disrupt crypto markets. Image by mehaniq41, Adobe Stock. Today, Hong Kong’s financial authorities—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA)—unveiled their plan...
Ethereum (ETH) price reclaims $2K as data shows a surge in network activity
23.11.2023
Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000
UK stablecoin regulation begins to take shape in multiple FCA, BOE documents
6.11.2023
It’s not expected to come into force until 2025, but new publications from the FCA and BOE shed light on regulators’ thinking
UK Government Rolls Out Final Proposals for Stablecoin Regulation
30.10.2023
The United Kingdom has released proposals for a stablecoin framework alongside wider industry regulations in a bid to position the country as an investment destination and to protect users. In an Oct 30 release, His Majesty’s Treasury published a set of guidelines for regulating...
UK Publishes Final Proposals for Crypto, Stablecoin Regulation
30.10.2023
The U.K. government published its final proposed rules for crypto and stablecoins on Monday
Fed Reserve Official Michael Barr Calls for Stablecoin Regulation
28.10.2023
US regulators are finally discussing the subject of fiat-backed digital assets, popularly known as stablecoins. According to Federal Reserve Vice Chair for Supervision Michael Barr, it’s imperative that stablecoins also fall under the supervisory oversight of the government. Presenting...