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EBA Discusses Proposed Guidelines for Stablecoin Issuers
11.1.2024
Source: AdobeStock / rarrarorro European banking regulators have urged stablecoin issuers and other stakeholders to dialogue with regulators ahead of proposed stablecoin rules under the Markets in Crypto Assets (MICA) regulation. EBA Calls for Synergy Between Stakeholders and Regulators...
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...
Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
27.12.2023
The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance
EBA Releases Liquidity Guidelines for Stablecoin Issuers
8.11.2023
Source: European Banking Authority (EBA) The European Banking Authority (EBA) has issued guidelines regarding liquidity and capital requirements for stablecoin issuers in line with the EU’s new Markets in Crypto Assets (MiCA) regulation. A third batch of #MiCAR public consultations has...
EU Banking Watchdog Issues Draft Liquidity Rules for Stablecoin Issuers
8.11.2023
Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said
EU banking watchdog proposes liquidity rules for stablecoin issuers
8.11.2023
The proposed guidelines are currently in the public consultation phase for the next three months, and if approved, it will come into effect starting in June 2024
Moody’s Analytics Introduces AI Service To Predict Stablecoin Depegs
7.11.2023
Source: Pixabay Financial intelligence company Moody’s Analytics is launching a new AI service that can predict stablecoin depeggings while providing real-time insights about stablecoin issuers’ liquidity and stability. In a press release yesterday, the company unveiled its new Moody’s Analytics...
Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens
16.8.2023
The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated” will have to meet certain requirements. Singapore...
Former US OCC Officials: ‘Stablecoins Can Keep the Dollar the World’s Reserve Currency’
12.8.2023
Brian Brooks and Charles Calomiris, former officials at the U.S. Office of the Comptroller of the Currency (OCC), have stated stablecoins can be tools that might help the U.S. dollar maintain its status as a reserve currency. In a recent article, Brooks and Calomiris call for regulations to allow...
EU Stablecoin Issuers With Bank Assets in Reserve Will Get Extra Regulation, EBA Draft Says
24.7.2023
The EU agency is consulting on new MiCA rules that mean “significant” tokens are centrally supervised with extra capital requirements
Stablecoin Issuers Urged to Anticipate MiCA Rules by EU Banking Agency
12.7.2023
Regulators can be notified of stablecoin-related operations now even though the rules don’t take effect until June 2024, the European Banking Authority said
Russian Ministry Proposes ‘Crypto Ban’ – But Miners & Stablecoin Issuers May Be Safe
7.7.2023
The Russian finance ministry has reportedly proposed banning the circulation of crypto in the nation, but wants to make exceptions for stablecoin issuers and crypto miners.
Per Frank Media, sources “familiar with the matter” told the news agency Interfax that the proposals could be bundled with...
Stablecoin issuers have spent over $1.3M lobbying Congress since 2022
19.5.2023
Tether and Circle have been leading lobbying efforts among stablecoin issuers as they push for legislation and regulations for stablecoins
Stablecoin Issuers, Conglomerates Targeted by IMF After Crypto's 'Rough Year'
11.4.2023
FTX and collapses like Signature, Silvergate and Silicon Valley Bank show need for stronger consumer protection, governance norms, the International Monetary Fund said in its Global Financial Stability Report
The Members of Congress Who Have Stablecoin Issuers Watching Their Next Moves
5.12.2022
Anticipation for a crypto bill out of the House Financial Services Committee ran so high this year that stablecoin issuers have been trying to meet the bill’s expected standards before the rules are even set. That’s why Rep. Maxine Waters and Rep. Patrick McHenry are two of CoinDesk’s Most...
Stablecoin issuers Circle and Paxos gain approvals in Singapore
2.11.2022
The approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers
Crypto Biz: Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway
26.8.2022
Stablecoin issuers Tether, Circle and others hold more short-term U.S. Treasury Bills than Berkshire Hathaway
Stablecoin Issuer Tether Won’t Freeze Tornado Cash Addresses, Says Premature Freezing Could Jeopardize Investigations
24.8.2022
While the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the company would not “freeze Tornado Cash addresses.” Tether’s recently published...
Stablecoin issuers hold more US debt than Berkshire Hathaway: Report
22.8.2022
Tether, Circle and other stablecoin firms held $80 billion worth of short-term U.S. government debt as of May 2022, more than owned by Warren Buffett’s Berkshire Hathaway
Here's the 'Final Guidance' on 'Stablecoin Arrangements' by BIS and IOSCO
13.7.2022
The Bank for International Settlements (BIS) wants to create a set of standards for the stablecoin industry that will cover payments, clearings, and settlements.
In a report released today and shared with Cryptonews.com, the BIS’ Committee on Payments and Market Infrastructures and...