Key Takeaways The South Korean Ministry of Economy and Finance is evaluating new measures to regulate cross-border transactions involving stablecoins and other virtual assets. The ministry highlighted that while stablecoins are currently used mainly within the cryptocurrency ecosystem, they could…
Key Takeaways The Canadian Securities Administrators (CSA) have extended the deadline for cryptocurrency trading platforms to comply with updated stablecoin regulations. Initially set for October 31, 2024, the new deadline is now December 31, 2024. The extension was granted due…
Key Takeaways On August 21, USDT stablecoin issuer Tether, announced a new venture to launch a stablecoin pegged to the United Arab Emirates Dirham (AED). This initiative is being undertaken in partnership with Phoenix Group PLC, an Abu Dhabi Securities…
The MAS has granted full regulatory certification for Paxos International's blockchain and tokenization platform.
Key Takeaways The Central Bank of the United Arab Emirates (CBUAE) has approved the issuance of a new system to oversee and license stablecoins. As per reports, the meeting chaired by UAE vice president and CBUAE chairman Sheikh Mansour bin…
Key Takeaways Leading crypto exchange Binance is making significant changes to its platform in a bid to comply with the Markets in Crypto-Assets (MiCA) framework. The deadline for complying with the MiCA provisions is Dec. 30, 2024, although clauses related…
Key Takeaways Cryptocurrency exchange Kraken has stated that it has no plans” to delist Tether (USDT) in Europe . This development comes amid reports surfacing that the firm was “actively reviewing” the decision to remain legally compliant with MiCA. Mark…
The national stablecoin of the Philippines is pegged 1:1 to the local peso and will undergo supervised trials by the central bank.
Key Takeaways Tether has hit out at Deutsche Bank over its report claiming that most stablecoins, including Tether’s USDT, are likely to face ‘significant turbulence’ and fail owing to a lack of transparency and vulnerability to speculative sentiment. “While some…
Key Takeaways In a recent jury trial, Terraform Labs and its co-founder, Do Kwon, were found liable on civil fraud charges brought by the U.S. Securities and Exchange Commission (SEC) concerning the collapse of the Terra ecosystem in May 2022. …
