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G20 Leaders Endorse FSB Recommendations for Crypto Regulation


The G20 leaders have released their declaration following their summit in New Delhi. They endorsed the Financial Stability Board’s “high-level recommendations for the regulation, supervision, and oversight of crypto-assets activities and markets and of global stablecoin arrangements” and welcomed...

Fed Official: Digital Dollar Decision Still a Long Way Off


The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns regarding USD stablecoins, emphasizing that they...

IMF and FSB Release ‘Policies for Crypto Assets’ at G20 Request


The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published their synthesis paper titled “Policies for Crypto Assets,” which was developed at the request of the Indian G20 Presidency. The global organizations “have set out a roadmap to ensure effective...

Bitcoin Miners Consider Hedging Options for Revenue Stability


Bitcoin (BTC) miners are considering hedging options to protect their revenue stability amidst the volatility of the cryptocurrency market.  GSR, a leading firm in the trading and market-making space, is pitching hedging products that would provide miners with a more predictable income.... Read...

Edelcoin: A Stablecoin Revolution


In the rapidly evolving world of cryptocurrencies, stablecoins have emerged as a beacon of stability amidst the volatility of digital assets like Bitcoin and Ethereum. Stablecoins are digital currencies anchored to a diversified asset, such as fiat currency or different commodities like gold....

Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens


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...

Study Shows Bitcoin Mining Could Accelerate Transition to Renewable Energy


A new study suggests bitcoin mining could actually help drive the transition to renewable energy sources. Researchers Juan Ignacio Ibañez and Alexander Freier make the case that Bitcoin miners’ demand for cheap electricity provides incentives for increased renewable energy production....

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