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Cryptonews Tags Stablecoin

# Stablecoin (Page 57)

Council of European Union Advances Talks On MiCA, DORA Regulations
The Council of the European Union has adopted a position on two proposals - the Regulation on Markets in Crypto Assets (MiCA) and the Digital Operational Resilience Act (DORA) - that are part of the European Union’s much-discussed digital finance package. Owing to this, the Council doted...
, by Jaroslaw Adamowski
South Korean Draft Law Calls for Life Sentences for Crypto Market Manipulators
The South Korean government has unveiled a new draft crypto law that includes strict punishment for token market manipulation-related offenses – proposing massive fines and hefty jail sentences for offenders.Per Maeil Kyungjae and the Hankyoreh, in cases where offenders make over USD 4.2m...
, by Tim Alper
US Senate Demands Answers From Stablecoin Issuers, Expresses ‘Concerns’
Stablecoins are in for another battering at the hands of the United States policymakers – with the Senate now getting in on the act: a committee chief has expressed “significant concerns” about the “consistency” of the terminology used to audit them.The Democrat...
, by Tim Alper
ECB Publishes New Oversight Framework, Set to Include Stablecoins
The European Central Bank (ECB) has published a new oversight model for the PISA framework that covers electronic payment instruments, schemes and arrangements, aiming to introduce more safety and efficiency into the current and future payments ecosystem. The latest move complements the European...
, by Jaroslaw Adamowski
Investments in BTC Keep Growing, in ETH – Dropping, MoonPay Valued at USD 3.4B + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Digital asset investment products saw inflows totaling USD 154m last week, with the most recent price correction, where...
, by Linas Kmieliauskas
Crypto Community Smarts at US Regulators ‘Fear-mongering’ Stablecoins Report
A joint call from the United States Treasury Department, the Federal Reserve, and financial regulators for Congress to grant them power over stablecoins and their issuers has drawn a decidedly mixed reaction from the crypto community.The government bodies, who produced the Report on Stablecoins...
, by Tim Alper
USD 20,000 Weekly Moves in Bitcoin’s Price Likely This Year, Author Says
Volatility in bitcoin (BTC) is not likely to slow down, and weekly price moves of USD 20,000 or more should be expected before the end of the year, one popular author and bitcoin proponent claims. “I am expecting weekly moves over USD 20,000 each way as we close out the year, and such...
, by Fredrik Vold
SEC Looks Set to Unleash Stablecoin Crackdown in US
After a number of warnings on stablecoins from its chair Gary Gensler, the United States Securities and Exchange Commission (SEC) is reportedly ready to unleash a “crackdown” on stablecoins – and will ask lawmakers to grant it new powers over fiat-pegged tokens.Bloomberg, quoting...
, by Tim Alper
FATF’s New Guidelines Drop Next Week, Will Tackle Stablecoins, NFT & DeFi
The Financial Action Task Force (FATF) will publish its updated guidelines on crypto sector policing next week – and will broaden its scope to include stablecoins, peer-to-peer (P2P) platforms, non-fungible tokens (NFTs), and decentralized finance (DeFi).The body also wants to see evidence...
FTX Adds USD 7B in Months, Firefighters Buy BTC & ETH, Worldcoin Comes For Your Eye + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.______ Investments news Crypto exchange FTX has announced the closing of a USD 420,690,000 Series B-1 fundraise, increasing the...
, by Linas Kmieliauskas
Tether Hits out at Hindenburg Research’s ‘Pathetic’ USD 1M Bounty Offer
The investment research firm and short-seller Hindenburg Research has offered a USD 1m reward for information on how the tether (USDT) stablecoin is actually pegged to the United States dollar, and data on how Tether’s deposits actually work. In a strongly worded response, Tether...
, by Tim Alper
Facebook Metaverse Drive Could See Diem Stablecoin Play a Key Part
Facebook’s decision to partner with the crypto exchange Coinbase on its pilot for the digital wallet Novi is attracting scrutiny from tech, political, and crypto observers – and some are starting to believe that the long-awaited Diem stablecoin project may soon play a key role as the...
, by Tim Alper
Grayscale Officially Begins Bitcoin ETF Journey, Facebook Pilots Novi With Coinbase + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Investments news Major cryptoasset manager Grayscale said that NYSE Arca has filed Form 19b-4 with the US Securities and...
, by Linas Kmieliauskas
Check Out FSB’s Roadmaps for Stablecoins and CBDCs
The Financial Stability Board (FSB), a think-thank that provides financial policy recommendations to the G20, is looking to fix the “challenges that cross-border payments” experience by “examining” the use of “global stablecoin arrangements” and central bank digital currencies (CBDCs).The FSB and...
, by Tim Alper
Local Stablecoin ‘Crackdown’ Builds a Case For Decentralized Money
South Korea is unintentionally sending another warning to the users of centralized digital assets, showing that they can be tracked and controlled.This time, local government authorities in the South Korean city of Iksan say they will clamp down hard on cases of illegal usage of a local...
, by Tim Alper
Tether Hits Back at ‘Outlandish’ Report as USDT ‘Mystery’ Continues
The row over the funds backing the most popular stablecoin, tether (USDT), continues to rumble on, and has now moved onto a brand new level – with the company responding to a Bloomberg Businessweek cover story report that it claimed was full of “outlandish anecdotes” and...
, by Tim Alper
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