Key Takeaways The Crypto Council for Innovation (CCI) has raised significant concerns regarding proposed stablecoin regulations in Hong Kong, outlined in a consultation paper by the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB).…
Within the next six months, the UK hopes to enact new legislation governing stablecoins and cryptocurrency staking.
Key Takeaways Amidst a backdrop of regulatory uncertainties, TrueUSD (TUSD), a stablecoin associated with blockchain entrepreneur Justin Sun, has experienced a drop below its $1 peg. Reports suggest that holders are opting to cash out hundreds of millions of dollars’…
Key Takeaways The European Union’s push for comprehensive crypto regulation took center stage as the European Banking Authority (EBA) held a public hearing to deliberate on proposed operational guidelines for stablecoin issuers under the upcoming Markets in Crypto Assets (MiCA)…
Key Takeaways In a significant move, the Central Bank of Nigeria (CBN) has granted its approval for the Africa Stablecoin Consortium (ASC) to initiate a trial of the cNGN stablecoin within the regulatory sandbox. The official launch of the stablecoin…
Chinese authorities are taking steps to crack down on the usage of cryptocurrencies like Tether in foreign currency trading.
Hong Kong has indicated that it will acknowledge and control fiat-referenced stablecoins (FRS), but that issuers must first secure a certain local license.
The new liquidity guidelines aim to mitigate the risk of bank runs and contagion in a crisis by guaranteeing that the stablecoin may be swiftly redeemed even in volatile market conditions.
The Bank of England, the central bank of the UK, has unveiled a strategy to regulate the stablecoin cryptocurrency market.
Key takeaways : In a recent quarterly report, global payments giant PayPal disclosed that it has received a subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its PYUSD stablecoin. This development highlights the regulatory attention the SEC is…
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