Stablecoin regulation Financial News

27.04 / 01:29

Stablecoin stablecoin regulation Data Indicates Stablecoins Are Becoming A Global Asset Class

Stablecoin adoption is increasing rapidly. Data from research firm rwa.xyz shows the number of addresses holding both dollar and crypto-pegged stablecoins has increased by 15% in 2024, which is the highest to date.

25.04 / 18:07

Stablecoin crypto regulation stablecoin regulation New US Senate Bill Could Encourage Banks to Enter Stablecoin Market: S&P Global

According to global ratings firm S&P Global Ratings, a new bill focused on stablecoins introduced to the United States Senate has the potential to incentivize U.S. banks to enter the stablecoin market.

17.04 / 12:37

markets Stablecoin Digital Progressive Waters Bill stablecoin regulation Senators Lummis and Gillibrand Introduce New Bill to Regulate Stablecoins

Senators Cynthia Lummis and Kirsten Gillibrand have joined forces to propose a new bill aimed at regulating stablecoins.

12.04 / 21:05

Stablecoin stablecoin regulation Digital payment Payment Use Cases Fuel Increasing Stablecoin Growth

The global stablecoin supply currently stands at over $150 billion , demonstrating new demand for relatively stable digital assets.

10.04 / 21:31

Elizabeth Warren stablecoin regulation daamla Stablecoin Bill Senator Elizabeth Warren Slams Push For Stablecoin Bill, Cites National Security Risks

Senator Elizabeth Warren is criticizing the push for a stablecoin bill without anti-money laundering laws in place, citing national security concerns, a Monday letter to House Financial Service Committee Chairman Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) reveals.

02.03 / 00:49

Stablecoin Cooper wellness stablecoin regulation information recommendations International Bank for International Settlements Releases Executive Summary of Global Stablecoin Recommendations

The Bank for International Settlements (BIS) released recommendations for the regulation, supervision, and oversight of global stablecoin arrangements in a February 29 executive summary.

20.02 / 05:47

Stablecoin Staking stablecoin regulation UK Aims for Stablecoins, Staking Regulations by Mid-2024

The UK government intends to get lawmakers to approve new legislation for stablecoins and staking within the next half-year.

27.12 / 17:47

crypto regulation stablecoin regulation Hong Kong Crypto Lawmaker Raises Red Flags Over Hong Kong’s Stablecoin Regulation Proposal

Today, Hong Kong’s financial authorities—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA)—unveiled their plan to implement new stablecoin regulations. Not everyone thinks this is a good development for crypto markets, however.

24.10 / 12:41

crypto regulation Crypto Adoption stablecoin regulation transaction volume Stablecoins Surpass Mastercard and PayPal in Transaction Volume While U.S. Fails to Maintain Leadership

In 2022 stablecoins have eclipsed both Mastercard and PayPal in transaction volume, reaching an impressive sum of nearly $6.87 trillion last year. Despite their critical role in the crypto economy, however, the United States is falling behind in stablecoin policy and global competitiveness.

31.07 / 03:17

Cooper Action cover stablecoin regulation recommendations FSB Releases High-Level Recommendations for Global Stablecoin Regulation

The Financial Stability Board (FSB) has published a comprehensive report outlining key recommendations for the regulation, supervision, and oversight of global stablecoin (GSC) arrangements. The report aims to address potential financial stability risks posed by GSCs at both the domestic and international level.

08.06 / 09:29

Stablecoin regulation G20 stablecoin regulation G-7 and G-20 Countries at Odds Over Stablecoin Regulation Amid Fears for Emerging Economies

While global leaders are working towards establishing universal rules for the crypto sector, advanced and emerging economies are divided on the regulation of stablecoins.

20.04 / 13:39

Stablecoin regulation Circle USDC stablecoin regulation lawmakers debate House Lawmakers Rekindle Stablecoin Regulation Debate, Revealing Partisan Rifts

Lawmakers in the US House of Representatives are again looking at regulations on stablecoins under new Republican leadership, but partisan differences and bickering between the two sides may delay the passing of any new law on the topic.

19.04 / 20:27

Law Stablecoin regulation Congress stablecoin regulation Lack of stablecoin regulation could push issuers out of US: Austin Campbell

United States lawmakers discussed the role of stablecoins in a committee hearing, but some experts expressed concern about the country’s regulatory environment.

09.03 / 22:43

stablecoin regulation Fed’s Michael Barr Calls for Stablecoin Regulation in Crypto Oversight

The Federal Reserve’s top banking regulator spotlighted stablecoins as a priority in Washington’s efforts to rein in crypto.

20.12 / 02:05

Stablecoin regulation stablecoin regulation Bank of Canada emphasizes need for stablecoin regulation as legislation is tabled

Staffers at the Bank of Canada released an analytic note on fiat-referenced crypto assets, otherwise known as stablecoins, Dec. 19. In addition to a review of mechanisms for creating and distributing stablecoins and a list of the potential risks and benefits they involve, the note expressed the authors’ support for further regulation of the crypto asset.

02.08 / 14:11

Stablecoin regulation Terra stablecoin regulation Financial Singaporean financial watchdog to consult public on stablecoin regulation

The Monetary Authority of Singapore (MAS), a city-state’s principal financial regulator, assesses the merits of a regulatory regime toward stablecoins. Current guidelines focus on Know Your Customer (KYC) and Anti-Money Laundering (AML) issues and do not reflect the specific risks to which the stablecoins are entitled.

26.07 / 10:15

Provident stablecoin regulation lawmakers Stablecoin regulation vote pushed back by lawmakers

US House lawmakers are delaying consideration of a bipartisan bill to curb potential risks posed by so-called stablecoins, according to people familiar with the matter, pushing back a vote on the measure for at least several weeks.

11.05 / 16:51

Lowe's CoinMarketCap stablecoin regulation Yellen Renews Call for Stablecoin Regulation After TerraUSD Stumble

WASHINGTON—A decline this week in the price of a major cryptocurrency that was purportedly pegged to the dollar prompted Treasury Secretary Janet Yellen on Tuesday to reiterate calls for Congress to authorize regulation of so-called stablecoins.

10.05 / 19:51

Government Law Stablecoin stablecoin regulation US Treasury Secretary reaffirms need for stablecoin regulation following UST crash

United States Secretary of the Treasury Janet Yellen called on U.S. lawmakers to develop a "consistent federal framework” on stablecoins to address risks to financial stability.

07.05 / 16:05

Government Stablecoin Tether stablecoin regulation The United States turns its attention to stablecoin regulation

The United States continues to be a global leader in embracing the cryptocurrency industry thanks to the work of Sen. Patrick Toomey, with the White House being at the forefront of crypto regulation. Last year, President Joe Biden signed a $1.2 trillion bipartisan infrastructure bill — and it included some new legislation that would impact the crypto sector. And more recently, the U.S. president announced a “whole-of-government” approach to regulating cryptocurrency in an across-the-board executive order directing multiple government agencies to answer specific questions on cryptocurrencies. The U.S. for the last year has clearly been seeking to help make the crypto industry more sustainable, which will make it significantly easier for cryptocurrency platforms to operate.

04.11 / 23:51

markets Ethereum Federal Reserve Bitcoin stablecoin regulation Hawkish Fed comments and fears of stablecoin regulation spark market sell-off

The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from U.S. Federal Reserve Chairman Jerome Powell confirmed that the central bank would soon start to taper its monetary policy of easing and bond buying.

Stablecoin regulation Financial News

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