Tags Stablecoins

Tag: stablecoins

HKMA proposes bank-like regulations on stablecoins

The Hong Kong Monetary Authority (HKMA) has called for the regulation of fiat-currency backed stablecoins similar to that of banks.

Why PayPal may be next to enter the stablecoin market

PayPal has confirmed it is looking into developing PayPal Coin, a dollar-backed stablecoin as it looks to expand its footprint in the cryptocurrency space.

Japan to place new restrictions on stablecoin issuance

Japan’s Financial Services Agency (FSA) has revealed it is proposing new restrictions that would only enable banks and wire transfer services to issue stablecoins.

Regulation of stablecoins in sight following US Treasury body report

A recent report has called on the US Congress to regulate the issuers of stablecoins and has urged agencies to assess whether the coins pose a systemic risk.

Bank of England paper provides stablecoin regulatory stance

A Bank of England (BofE) paper has highlighted that stablecoins used as money should be expected to face the same regulatory standards as those attached to bank deposits.

Crypto firm Circle closes $440m funding round

US cryptocurrency company Circle has raked in $440m from a funding round.

OCC recognises stablecoins to be used in settlement of financial transactions

Cryptocurrencies have taken another step to becoming acknowledged by traditional institutions as a top US regulator has approved the use of stablecoins for the settlement of financial transactions by banks.

European Central Bank warns that cryptocurrencies like Libra could pose a...

It seems as if the Libra Association has ramped up its efforts to get Libra off the launchpad. However, now the European Central Bank has published a research paper warning that stablecoins like Libra could badly impact the markets.

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