Tentative clampdowns coming from both the Treasury and the House in the United States lead this week’s Law Decoded.
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Tentative clampdowns coming from both the Treasury and the House in the United States lead this week’s Law Decoded.
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Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen Lynch – all of them Democrats – the proposed law […]
The post New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval appeared first on Bitcoin News.
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The project is hoping that a new name will help people forget the mass regulatory panic that drowned out Libra’s initial announcement.
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Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition.
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Stablecoins and CBDCs and their related issues of privacy and surveillance lead this week’s Law Decoded.
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The Libra Association has made a key hire in its pursuit of a new cryptocurrency and payments system.
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After proposing automated ways to monitor global stablecoins like Libra, a new report from BIS argues that a better solution may ultimately be central bank digital currencies.
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BIS Innovation Hub head Benoît Cœuré stressed the importance of maintaining multiple payment options beyond just CBDCs.
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Canada’s central bank recognizes that CBDCs are a necessarily international issue.
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