Financial Stability

Mário Centeno, the Governor of Banco de Portugal, has joined the growing number of regulators advocating for a global framework to regulate cryptocurrencies effectively. In his opening speech at the 2023 Banco de Portugal Financial Stability Conference on October 2, Centeno emphasized the need for i ...

CoinDesk has won a Gerald Loeb Award, a prestigious accolade in financial and business journalism, for its coverage of the collapse of Sam Bankman-Fried's cryptocurrency empire. The award, presented in the breaking news category, recognizes CoinDesk's reporting on the vulnerabilities within Alameda ...

The Federal Reserve has recently published a comprehensive working paper that takes an in-depth look into asset tokenization and its correlation with Risk-Weighted Assets (RWA). In a continuously evolving financial landscape, these innovative financial instruments have been in the spotlight due to t ...

The Supreme Audit Chamber of Kazakhstan held a presentation of the digital tenge and spoke about the advantages of the third form of the national currency. The presentation was attended by Berik Sholpankulov, Chairman of the National Bank, and Binur Zhalenov, Chairman of the National Bank's Payme ...

This was announced by ECB Executive Board member Fabio Panetta He noted that the regulator will move to CBDC tests as early as this summer The ECB held its 25th anniversary ceremony in Frankfurt last week, May 24. As part of the event, a member of the executiv ...

European Systemic Risk Board (ESRB) called on European authorities to ban the possibility of using borrowed funds for cryptocurrency trading. For this purpose the regulator proposes to set restrictions for investment funds, cryptocurrency exchanges and other organizations ...

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said that rules for token issuers and cryptocurrency exchanges already exist, but they are fundamentally unwilling to comply. While speaking at a Federal Reserve Bank of Atlanta conference, Gary Gensler was ...

The governor of U.S. Florida has signed a law banning the use of digital currency in the state by the U.S. Federal Reserve (Fed). Earlier, the ban on the use of the digital dollar was supported by the state House and Senate. New law against state digital currency will tak ...

Regulator imposes new counterparty selection criteria They will prevent Circle from using the repo mechanism The Federal Reserve Bank of New York (NY Fed) imposed new counterparty selection criteria for the reverse-repurchase program. These rules will prevent Cir ...

Chinese officials have emphasized the need for international regulators to tighten oversight of the cryptocurrency industry to protect users from fraud and financial loss. Xuan Changneng, the deputy governor of the People's Bank of China (PBOC), acknowledged the importance of not "blocking the ro ...

Nigel Green, the CEO of deVere Group, has observed a shift in investor behavior due to the softened policy of the US Federal Reserve. According to him, investors are turning towards cryptocurrencies, especially bitcoin, to safeguard their savings. In a recent blog post, Green mentioned that the U ...

According to reports by CNBC, some employees and volunteers at Binance, the largest crypto exchange, are providing advice to users from China on how to bypass the “know your customer” (KYC) procedure and remain anonymous. These individuals, known as "angels," shared methods such as forging bank d ...

Amid the turbulence in the American banking sector, the Australian Prudential Regulation Authority (APRA) has announced plans to mandate daily reporting for domestic banks regarding their investments in startups and cryptocurrencies. As reported by the Australian Financial Review, APRA has issued ...

In an effort to monitor the global financial system and advise G20 member countries, the Financial Stability Board (FSB) has revealed its intention to prepare standards for regulating cryptocurrencies by July. Klass Knot, the Chairman of the FSB, has notified G20 finance ministers and central ban ...

According to CoinGecko, Tether has gained a majority share in the stablecoin market, surpassing 51% for the first time since May 2022. As of February 13, the total market capitalization of stablecoins was $137.2 billion, with Tether accounting for $68.4 billion of that amount. The second-largest ...

According to data from CoinGecko, the stablecoin market saw a shift in dominance as the largest stablecoin by capitalization, USDT, gained a majority share of 51.31%, for the first time since May 2022. USD Coin (USDC) came in second with 30.64% of the market, while Binance USD (BUSD) accounted for 1 ...