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Lawmakers Object to Federal Reserve’s Stablecoin Guidelines — Say They Undermine Legislative Progress
29.8.2023
Several U.S. lawmakers have objected to the Federal Reserve’s stablecoin regulatory guidelines, which they believe “will undoubtedly deter financial institutions from participating in the digital asset ecosystem.” According to the lawmakers, “The Fed has chosen to effectively...
Stablecoin Firm Circle's Chief Strategy Officer Urges Legislation Amidst USDC Market Decline
16.8.2023
Circle is advocating for federal legislation regarding stablecoins amid the volatility in its USD Coin (USDC) after some bank failures earlier this year.
In a recent interview with Bloomberg, Dante Disparte, Circle's Chief Strategy Officer, spoke out against the lack of regulations in...
Singapore's Central Bank Releases Stablecoin Regulatory Framework
15.8.2023
Stablecoins must hold minimum base capital 1 million Singapore dollars ($740,000) and provide redemption within no more than five business days of a request
Singapore central bank releases regulatory framework for stablecoins
15.8.2023
The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore
Bank of England Remains Focused on Systemic Stablecoin Regime
9.8.2023
The UK central bank has released a consultation response on systemic stablecoins, suggesting that it remains committed to a systemic stablecoin regime.
On Tuesday, the Bank of England (BoE) released the "Payments Regulation and the Systemic Perimeter" framework, which agreed on co-supervision...
Bank of England will get more power in regulating stablecoins
8.8.2023
The United Kingdom government could rebalance the power between the Bank of England and the country’s principal financial regulator, the Financial Conduct Authority
US defense bill may be ‘problematic’ for USDC and stablecoins: Analysts
1.8.2023
A proposed U.S. national defense bill could subject stablecoins issuers to KYC and AML requirements they would be unable to comply with, said Berenberg analyst Mark Palmer
Circle CEO Jeremy Allaire: ‘Other Governments Are Regulating Digital Dollars Before the US’
26.6.2023
Jeremy Allaire, CEO of Circle, the company behind the issuance of usd coin (USDC), has expressed his worries about the state of stablecoin regulation in the U.S. In a congressional hearing, Allaire stated that other governments were already regulating the issuance of digital dollars (dollar-backed...
G-7 and G-20 Countries at Odds Over Stablecoin Regulation Amid Fears for Emerging Economies
8.6.2023
While global leaders are working towards establishing universal rules for the crypto sector, advanced and emerging economies are divided on the regulation of stablecoins.
The Group of Seven (G-7) economies, an international forum of seven of the world's advanced economies, are ostensibly more...
Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20
8.6.2023
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
Lawmakers Reveal Differences on Stablecoin Bills in House Hearing — Will They Find Consensus?
18.5.2023
House Democrats and Republicans are seemingly divided on how to regulate stablecoins but are finding consensus that some form of legislation is needed.
House Financial Services Committee Chair Patrick McHenry, R-N.C., and former chair of that committee Rep. Maxine Waters, D-Calif., worked together...
Rep. Maxine Waters Ushers In Stablecoin Bill Ahead of Thursday House Hearing
17.5.2023
Rep. Maxine Waters is ushering in a draft bill to regulate stablecoins ahead of a House hearing this week.
The California Democrat’s draft bill would “provide requirements for payment stablecoin issuers, research on a digital dollar, and for other purposes,” according to a committee memo...
House Lawmakers Rekindle Stablecoin Regulation Debate, Revealing Partisan Rifts
20.4.2023
Lawmakers in the US House of Representatives are again looking at regulations on stablecoins under new Republican leadership, but partisan differences and bickering between the two sides may delay the passing of any new law on the topic....
Read More: House Lawmakers Rekindle Stablecoin Regulation...
Lack of stablecoin regulation could push issuers out of US: Austin Campbell
19.4.2023
Lawmakers didn't reach a consensus between political parties on a stablecoin bill, as one witness warned this lack of regulatory clarify could drive certain projects abroad
How Hong Kong Is Gearing Up to Regulate Stablecoins
21.2.2023
Requiring foreign entities who have already issued stablecoins to set up a Hong Kong entity for issuing stablecoins might throw up complications
State of Crypto: Interpreting the Paxos-Binance Tea Leaves
15.2.2023
Remember how the U.S. Securities and Exchange Commission’s declaration of war against crypto staking was big news for like two days? This week we’re looking at the other big news from last week: Paxos and the Binance USD stablecoin it issues. The SEC has apparently alleged the sale of BUSD violates...
Bitcoin, Ether Drop as Investors Fret Over Inflation Data, Stablecoin Regulation
13.2.2023
The largest cryptocurrency by market value continued to linger below $22,000. Ether fell below $1,500
Stablecoin Regulation Is First on New Subcommittee’s To-Do List, Says Chairman
26.1.2023
French Hill, a Republican, said the newly formed subcommittee on digital assets will look to tackle stablecoins first
Bank of Canada emphasizes need for stablecoin regulation as legislation is tabled
19.12.2022
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
Shark Tank Superstar Believes Crypto Bull Market Will Start After This One Event
17.10.2022
Famous Canadian businessman and television personality Kevin O'Leary, aka Mr. Wonderful, argues that once a specific stablecoin bill is passed and “institutions smell policy, then you’ve got a real move up,” and that’s when bitcoin (BTC) breaks out of the $19,000-$22,000 trading range....
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