stablecoins

Hong Kong has not yet adopted regulations for stablecoins like Tether (USDT) or USD Coin (USDC), according to the Secretary for Financial Services and the Treasury, Christian Hui. Retail investors in Hong Kong are currently not allowed to trade these assets due to the absence of specific regulations ...

Brazil's central bank, Banco Central do Brasil, is taking steps to tighten regulations on the cryptocurrency industry in response to surging cryptocurrency adoption. Crypto imports into Brazil increased by 44.2% between January and August 2023 compared to the same period the previous year, totaling ...

The Federal Reserve is scheduled to make its Interest Rate Decision on Thursday, September 21, accompanied by a press conference. Currently, the Chicago Mercantile Exchange (CME) suggests a 99% likelihood that the Fed will maintain its existing interest rates. However, the focus will be on the Feder ...

Coinbase, one of the leading cryptocurrency exchanges, is exploring the concept of "flatcoins," which its CEO, Brian Armstrong, believes could be the next evolution of stablecoins. In a recent interview with Yahoo Finance, Armstrong shared his thoughts on flatcoins, stating that they are "the next i ...

The exchange cited the regulatory climate as the reason. USDT and algorithmic stablecoins fall under a ban in Canada from 2021-2022. Cryptocurrency exchange Coinbase said it will suspend trading of USDT, DAI and RAI in Canada. This was reported by Cointelegraph, ...

The Fed issued an enforcement action order against Farmington State Bank. In 2022, the counterparty began conducting cryptocurrency transactions without notifying authorities. Then Alameda Research bought an $11.5 million stake in the organization. Th ...

The Reserve Bank of India (RBI) said it is expanding its retail digital rupee testing pilot to include more banks and expand the list of cities. The central bank said in an annual report that it has been testing its own digital currency (CBDC) in stages. In November 2022 ...

Inflation in Turkey has reached 44% And residents seek salvation in BTC and stabelcoins The Turkish lira fell by more than 20% against the dollar after the elections. Now $1 sells for 20 liras. Over the past decade, Turkish fiat has lost more than 90% of its v ...

Changpeng Zhao, CEO of cryptocurrency exchange Binance, said that the company is unlikely to buy any bank to solve problems with cryptocurrency firms' access to banking services. During the Bankless podcast, Changpeng Zhao responded to a question from a Twitter user under ...

Most of them are created in the BRC-20 network Miners have earned decent commissions on this According to Dune Analytics, more than 10 million records have been created in the Bitcoin Ordinals network. Of these, more than 80% belong to the BRC-20 standard. ...

The Hong Kong Police Cybersecurity and Technology Crime Bureau (CSTCB) has unveiled a new meta-universe platform called CyberDefender The Cyber Police and the Police Technology Crime Bureau (CSTCB) launched a platform called CyberDefender of the Metaworld and held its first online event, "Explori ...

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 ...

The world's largest cryptocurrency exchange Binance announced that it, along with Tether, Circle, and other unnamed companies, is going to expand support for stablcoins. "To improve user security, Binance has reached out to other market players, including ...

The Commissioner of the U.S. Commodity Futures Trading Commission (CFTC) said she is ready to regulate cryptoindustry with the U.S. Securities and Exchange Commission (SEC). Christy Goldsmith Romero said the regulator is now conducting several major investigations related ...

According to Bloomberg, the Hong Kong Securities and Futures Commission (SFC) is going to officially allow retail investors to trade in cryptocurrencies from June 2023. The relevant provisions are captured in a new set of rules. Thanks to the development of the cryptoc ...

Provider Lightning Network will operate in 65 countries And will issue plastic cards with stabelcoins Payment company Strike announced plans to expand its global presence. They are moving their headquarters from Chicago to El Salvador, a country where bitcoin is ...

High inflation has led to protests in Lebanon and is forcing citizens to seek alternative livelihood tools. The state of the economy and the failure of state support programs are to blame. In a number of cities, the effects of the financial crisis have led to riots and lo ...

Stablecoin issuers, including Tether and Circle, have spent more than $1.3 million lobbying for cryptocurrency legislation in the United States since the beginning of 2022. Stablecoins have recently become the focus of U.S. lawmakers trying to develop a regulatory framework ...

The Hong Kong Monetary Authority (HKMA) announced Thursday the launch of the e-HKD pilot program and testing options for the state's digital currency. A number of major companies from the financial, payment and technology industries will ...

On Tuesday, May 16, the European Council completed the procedure for harmonizing legislation on the regulation of the crypto-assets market in the EU. Finance ministers from the 27 countries that make up the European Union have unanimously supported the draft law on regula ...

According to Tether's CTO, the two solutions should not be banned And the current queue problems are a "puncture" of the big CEX The Blockchain Week Rome 2023 conference concluded last week.. Tether CTO Paolo Ardoino was among the speakers at the event. In a p ...

It's the U.S. Federal Reserve's first blockchain partner It lets you convert dollars into Stablecoins But the network will get some limitations The Metal Blockchain team announced a partnership with FedNow, the Fed's instant payment service. This i ...

Besides NFTs could tax foreign companies Law to be agreed in a week The European Union may introduce a law that would force cryptocurrency companies to provide detailed information about their customers' assets. Also, cryptocurrencies will be required to regis ...

The exchange called its exit "precautionary." The company also blamed new regulations Binance promises to continue cooperating with regulators Close positions until September 30, 2023 The world's largest cryptocurrency exchange, Binance, a ...

The Uniswap exchange has surpassed Coinbase in trading volume for the fourth consecutive month. Uniswap first surpassed Coinbase's trading volume in February, and while both exchanges have since declined in volume, Uniswap is still ahead of Coinbase. Uniswap processed ...

EU lawmakers plan to require companies related to the storage, trading and investment in digital assets to provide tax authorities a report on the balance sheets of their customers. According to the initiators of the bill, the development of the document is due to the need ...

European Banking Authority (EBA) believes that central banks should impose a ban on large steblecoins if they pose a threat to the monetary policy of specific countries. It was stated by the chairman of EBA José Manuel Campa, speaking at a symposium on central banks and dig ...

The New York State legislature has begun considering a bill that would allow dollar-linked steblecoins to be used as a legal method of paying bail for defendants. The bill was introduced by local Democratic congresswoman Latrice Walker. The document details pre-existin ...

The Bahamas Securities Commission (SCB) has responded constructively to the criticism from the international community following the collapse of the FTX cryptocurrency exchange. As a result, the regulator has decided to tighten its supervision of digital assets belonging to citizens. In order ...

Republican congressmen recently introduced a bill regarding stablecoins that aims to eliminate the Securities and Exchange Commission's (SEC) oversight of digital stablecoins. The revised version of the bill would strip the SEC of its authority over stablecoins, except for algorithmic stablecoins ...

The South Korean Central Bank is taking steps to increase its oversight of virtual asset service providers (VASPs) and cryptocurrency issuers. To better monitor these entities, the Bank of Korea will now request transaction data from cryptocurrency exchanges, a move that has been approved by the ...

The Central Bank of Israel has provided an overview of the factors that could potentially trigger the development of its own digital currency, SHAKED. While a final decision has yet to be made, the bank has identified a few key conditions that may lead to the launch of the digital shekel. The ...

Bank of England Governor, Andrew Bailey, has emphasized the importance of creating a clear legal framework for central bank digital currencies and stablecoins. Bailey stated that central bank digital currencies will become a significant part of the financial system, but they should not replace tr ...

The Montana House of Representatives has recently passed a bill that defines digital assets, such as cryptocurrency, stablecoins, and NFTs, as personal property. This means that these assets are subject to the same property rights and protections as other forms of personal property. Moreover, ...

According to an interview with Bloomberg, the CEO of the Stellar Development Foundation, Denelle Dixon, believes that US lawmakers need to develop regulation for stablecoins tied to the US dollar. This would help strengthen the value of the national currency, as US financial regulators are increa ...

In a recent interview with Bloomberg, Denelle Dixon, the CEO of the Stellar Development Foundation, shared her views on the need for US lawmakers to regulate stablecoins pegged to the US dollar. Dixon believes that such regulations will not only help strengthen the value of the national currency ...

Tether, the company behind the popular USDT stablecoin, has announced that it is expanding its trading pairs to include Euro Tether (EURT) and Tether Gold (XAUТ) on the SimpleSwap exchange platform. This move gives SimpleSwap users access to two additional stable cryptocurrencies, further expandi ...

According to insiders cited by Bloomberg, the Monetary Authority of Singapore has been collaborating with local banks and law enforcement to establish universal guidelines for opening cryptocurrency company accounts. This initiative has been in progress for half a year, and a comprehensive report ...

The market for tokens linked to the price of gold has reached a total capitalization of $1.02 billion. PAX Gold and Tether Gold are the two dominant players in this market, accounting for 99% of the tokenized gold capitalization. These tokens provide a stablecoin option but are not pegged to f ...

An unidentified individual had managed to penetrate Allbridge's bridge and extracted digital assets worth $573,000. However, the perpetrator was willing to give back the majority of the funds to the initiative. The developers received 1,500 BNB (approximately $465,000) from an anonymous donor, wh ...

The Indian government has recently introduced a new foreign trade policy guideline that allows the use of the digital rupee for international transactions. According to India's Commerce Minister, Sunil Barthwal, the new policy will make cross-border payments much more accessible for countries who ...

Haruhiko Kuroda, the Governor of the Bank of Japan, has expressed his belief that a central bank's digital currency (CBDC) should work in tandem with other payment methods to enhance Japan's financial ecosystem. According to Kuroda, government-backed stablecoins can increase payment convenience f ...

Flybondi, the budget airline from Argentina, has launched a unique project called Ticket 3.0, which involves issuing tickets in the form of non-fungible tokens (NFT). By utilizing Algorand blockchain technology, passengers can now transfer, exchange or sell their tickets as per their convenience. ...

JPMorgan Report: Cryptocurrency Exchanges Could Benefit from Banking Crisis JPMorgan's latest report suggests that the recent collapse of three banks - Silvergate, Signature, and Silicon Valley - could present an opportunity for some cryptocurrency exchanges. The report highlights that since t ...

Telegram messenger users can now exchange, buy, sell, and transfer Tether (USDT) stablecoins for free directly within their chats. To top up their USDT balance, they only need to click "Get" in the bot's interface's main menu. Adding the bot to the attachment menu enables users to send USDT by cl ...

According to analysts from Moody's rating agency, implementation of blockchain technology can bring a multitude of benefits for local authorities, including the ability to issue bonds and streamline budget operations. These benefits may even result in cost reductions of up to 35% for US municipal ...

In March, the cryptocurrency industry faced a significant test as three banks, SVB, Silvergate, and Signature, collapsed, causing a chain of events that once again highlighted the importance of securing stablecoins and gave momentum to the growth of Bitcoin. The collapse of SVB was initially pred ...

According to recent findings from Juniper Research, digital currencies issued by central banks are expected to experience significant growth by 2030, with transactions increasing by a staggering 210,000% to a value of $213 billion. Analysts believe that this surge will be fueled by central banks' ...

Moody's analysts have expressed concern that the recent drop in the value of the USDC stablecoin to $0.89 may have far-reaching implications for the adoption of all stable cryptocurrencies and lead to increased regulation. The US banking sector has been hit by a major crisis that has resulted in ...

The CEO of ARK Invest, Catherine Wood, has expressed her concern over the instability of the banking system and its potential impact on stablecoins, while noting the upward trend of bitcoin and ether. Wood has criticized regulators for not taking timely action to prevent a potential banking crisi ...

The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates have recently agreed to collaborate in the realm of cross-border money transfers, utilizing stablecoins backed by their respective governments. The central banks plan to conduct proof of concept (PoC) trials for paym ...

SEC Chairman Gary Gensler recently emphasized the need for regulation of cryptocurrencies utilizing the Proof-of-Stake (PoS) consensus method, arguing that they should be treated as securities. During a public SEC meeting, Gensler pointed out that PoS-based crypto assets are often promoted on soc ...

Amidst an ongoing investigation by law enforcement into FTX and its subsidiary, Alameda Research, someone has made a hefty withdrawal of 69.64 million USDT stablecoins and 75.94 million USDC from affiliated wallets. According to the Lookonchain service, funds from three wallets linked to bankrupt ...

Digital Currency Group (DCG) has revealed that major banks have expressed interest in collaborating with cryptocurrency companies, although there may be certain limitations imposed. Following the bankruptcy of American banks Silicon Valley Bank, Signature Bank, and Silvergate, DCG initiated discu ...

Bloomberg reports that on March 13, investors withdrew nearly $1.74 billion from USDC, according to data from the Nansen analytical platform. This represents more than 2% of the stablecoin's total working capital. The outflow occurred after USDC lost its peg to the US dollar last week due to Circ ...

Tether, a major issuer of USDT stablecoins, has accused the Wall Street Journal (WSJ) of deliberately spreading negative and outdated information about the company. According to Tether, the WSJ has published 84 negative articles in 2021 alone and often relies on opinions from experts associated w ...

Rostin Behnam, the chairman of the US Commodity Futures Trading Commission (CFTC), has expressed his belief that Ethereum and stablecoins should fall under the purview of the agency's regulation, as they can be categorized as commodities. Behnam's comments came during a recent Senate meeting on a ...

A group of Japanese bankers from Tokyo's Kiraboshi Financial Group, Minna Bank, and Shikoku Bank will be participating in the testing of stablecoins on the Japan Open Chain blockchain. The blockchain developer, G.U. Technologies, released this information. From May 6, Japan will lift the ban on t ...

Binance has issued a response to an article published by Forbes, which alleged that the exchange had misappropriated $1.8 billion of customer collateral. “When you are the world’s largest crypto exchange in a virtually unregulated market, you can change the rules of the game as you see ...

Based on a study conducted by Coinbase and Morning Consult, it has been found that one-fifth of the American population owns digital currencies. The majority of the participants in the survey believe that blockchain and digital assets hold the key to the future. ...

Based on research by Coinbase and Morning Consult, it was found that approximately one-fifth of the US population owns some form of cryptocurrency. The survey, which involved over 2,000 American citizens, revealed that the majority of respondents believe that the future lies with digital assets and ...

Chainalysis, an analytical company, has revealed that donations worth $70 million in cryptocurrencies have been made to help the Ukrainian army and victims since the beginning of Russia's hostilities in Ukraine. The majority of the donations, worth $22.8 million, were made in Bitcoin, while USDT ...

French law enforcement officials have reported the apprehension of two suspects in relation to the Platypus protocol hack. The detainees were found in possession of approximately 210,000 euros worth of crypto assets. It is believed that the hackers siphoned off approximately 9 million euros from ...

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 ...

The CEO of Crypto-law has expressed concerns that the US Securities and Exchange Commission (SEC) is seeking to expand the definition of securities, a move he describes as thoughtful yet dangerous. John Deaton discussed recent SEC initiatives in the cryptocurrency industry in response to a questi ...

Investment bank JPMorgan has revised down its full-year projection for Coinbase stock from $60 to $52 due to concerns surrounding regulatory actions. The bank's analysts have cited pressure on stablecoin issuers from regulators, a ban on Kraken exchange offering staking services to users, and str ...

The US SEC and a financial regulator in New York have launched investigations against Paxos, the operator of BUSD stablecoin which is owned by Binance exchange. It is unclear whether the attack is solely directed towards Binance or whether other stablecoin issuers could be targeted next. Recently, t ...