$22M of Curve Finance algo stablecoin minted since mainnet launch
Decentralized finance protocol CurveDAO has successfully launched its algorithmic stablecoin crvUSD on the Ethereum network. Go to Source Powered by WPeMatico
Stablecoin
Auto Added by WPeMatico
Digitalization won’t displace commercial bank money any time soon: Moody’s
Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency says. Go to Source Powered by WPeMatico
Industry heavyweights respond to UK’s crypto asset regulatory framework proposal
HM Treasury was directed to spot problems that may need refinement, but the basic principles of its approach were heartily welcomed. Go to Source Powered by WPeMatico
Microstrategy Founder Michael Saylor to Argentines: ‘You Need Bitcoin’ — Critics Insist BTC Is Too Volatile
Micheal Saylor, the founder of Microstrategy, has told people living in inflation-stricken Argentina that they now “need bitcoin.” While many bitcoiners have welcomed Saylor’s suggestion, a few critics have said the top crypto asset’s volatility makes it an unsuitable alternative for the faltering local currency. The Dollarization Option As the Argentinian currency — the peso … Read more
Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account
In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do Kwon are still in possession of a considerable sum of money, specifically 130 billion won … Read more
Bahamas securities watchdog presents comprehensive new draft digital assets act
After the FTX scandal focused the international spotlight on it, the Securities Commission of The Bahamas completes its regulator overhaul. Go to Source Powered by WPeMatico
South Korea’s sweeping crypto bill passes first regulatory hurdles
Legislators in South Korea passed a first phase review of proposed cryptocurrency regulations that include relatively harsh sentencing recommendations. Go to Source Powered by WPeMatico
Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product
Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments. Go to Source Powered by WPeMatico
Draft bill suggests separating legislation on payment stablecoins and digital asset markets
The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study. Go to Source Powered by WPeMatico
Lack of regulatory clarity on payment solutions could undermine US sanctions, says expert
Anja Manuel said U.S. sanctions generally work with “responsible” blockchain firms but not when there are fintech solutions available to individuals looking to circumvent them. Go to Source Powered by WPeMatico