Hong Kong Considers Mandatory Licenses for Stablecoin Issuers in Regulatory Overhaul
Hong Kong has indicated that it will acknowledge and control fiat-referenced stablecoins (FRS), but that issuers must first secure a certain local license.
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Latest firstEU Banking Watchdog Recommends Liquidity Guidelines for Stablecoin Issuers
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.
Bank of England Unveils Regulatory Blueprint for Stablecoins in the UK
The Bank of England, the central bank of the UK, has unveiled a strategy to regulate the stablecoin cryptocurrency market.
SEC Shakes Up PayPal with Subpoena Over USD-Pegged Stablecoin
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…
Stablecoin Issuer Circle Discontinues Support for Consumer Mint Accounts
Key Takeaways In a strategic move, Circle, the issuer of the USDC stablecoin, has announced the discontinuation of support for consumer Circle Mint accounts. This decision signifies a significant shift towards institutional-focused operations, bringing it closer to the practices of…
Canada’s Regulatory Clarity: Stablecoin Rules Defined for Exchanges and Issuers
With a focus on stablecoins, the CSA has offered guidelines to exchanges and cryptocurrency issuers on its interim approach.
Ripple-Based Palau Stablecoin Pilot Program Abruptly Halted
Key Takeaways A jolt in the world of digital currencies as Jay Hunter Anson, Director of the Digital Residency Office at the Palau Ministry of Finance, made an unforeseen announcement on social media. The Ripple-based Palau Stablecoin (PSC) pilot program,…
Monetary Authority of Singapore Introduces Regulatory Framework for Single-Currency Stablecoins
To get "MAS-regulated" status, stablecoins should provide monthly submission of independent attestations of their reserves to the central bank
Ripple CTO Stands Strong in Defense of PayPal’s New Stablecoin Security Feature
A particular security measure known as "asset protection" has drawn criticism from certain users since it supposedly permits the freezing and deletion of a person's balance.
PayPal Unveils US Dollar-Pegged Stablecoin
The United States-based company PayPal introduced the PayPal USD (PYUSD) cryptocurrency stablecoin.