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Tag: Stablecoins

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Crypto News

CFTC Moves Toward Allowing Stablecoins To Be Used As Collateral In Derivatives Markets

The Commodity Futures Trading Commission (CFTC) in the United States is proceeding with a monumental plan to allow tokenized assets, like stablecoins, as justifiable...
Crypto News

Coinbase States Stablecoins Are Not Weakening US Bank Deposits And Labels The Concern As A Myth

Coinbase, which is one of the largest U.S. based crypto exchanges, has dismissed allegations that stablecoins threaten the country's banking system.  In a blog post...
Crypto News

Bank Of England Faces Backlash From Crypto Industry Over Strict Stablecoin Limits

The Bank of England (BoE) has faced a wave of criticism from payments and cryptocurrency industry groups since announcing the intent to impose strict...
Crypto News

China Orders Local Brokers To Stop Promoting Stablecoins In Effort To Control Market Risks

China has instructed local brokers, research centers, and think tanks to stop selling stablecoins. According to a Bloomberg report earlier today, this is yet another...
Crypto Regulations News

Nigerian Securities and Exchange Commission Signals Openness to Stablecoins Despite Recent Crackdown on Binance

In a significant policy shift, Nigeria's Securities and Exchange Commission (SEC) has signaled openness to stablecoin firms barely a year after the country's sweeping...
Crypto News

China’s Ant Group And Circle To Bring USDC Into Global Network, Report

Jack Ma–backed Ant Group is teaming up with Circle Financial to add USDC to its blockchain. The move was reported Thursday by Bloomberg, saying...
Crypto News

Australian Regulators Take Strategic Steps to Test the Viability of CBDCs and Stablecoins in a Controlled Crypto Sector

The Reserve Bank of Australia (RBA) has announced the launch of the second phase of its central bank digital currency (CBDC) research. The research comes...
Crypto News

Chinese Giants JD.com And Ant Group Push For Hong Kong–Issued Yuan Stablecoins

Alibaba's fintech division Ant Group and e-commerce giant JD.com are urging the People's Bank of China to authorise offshore yuan stablecoins.  According to Reuters last...
Crypto News

Blockchain Firms Takes Financial Action Task Force (FATF)’s Stablecoin Crime Warning As Non-Threat, Should We Be Worried?

The Financial Action Task Force this week warned that crimes linked to stablecoins are on the rise. The global watchdog urged regulators to step...
Crypto News

Indian Government To Release July Draft Bill On Stablecoins Amid Global Stablecoin Regulations

India’s cautious stance on cryptocurrencies may evolve soon. In April 2018, the central bank barred lenders and financial intermediaries from dealing with crypto exchanges...
Crypto News

Senator Lummis Expects CLARITY And GENIUS Acts To Clear White House By Year-End

On Wednesday, at the Bitcoin Policy Summit in Washington, D.C, Senator Cynthia Lummis of Wyoming said Congress will pass two crypto bills before the...
Crypto News

Crypto Payment Framework AEON Partners with Ripple to Integrate RLUSD Stablecoin for Real-World Payments

In a major move toward mainstream adoption of crypto-based payments, next-generation crypto payment framework AEON has announced a strategic partnership with Ripple. They have integrated...
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