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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
Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments. Go to Source Powered by WPeMatico
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
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
According to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO stated that a stablecoin “built under a robust banking-grade structure” will be a key element to increase trust and confidence in … Read more
The EURCV stablecoin is only available to institutional investors onboarded by Societe Generale through its KYC and AML procedures. Go to Source Powered by WPeMatico
Lawmakers didn’t reach a consensus between political parties on a stablecoin bill, as one witness warned this lack of regulatory clarify could drive certain projects abroad. Go to Source Powered by WPeMatico
Five experts will testify at a hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” with two of them releasing their scripts in advance. Go to Source Powered by WPeMatico
BoE deputy governor Sir Jon Cunliffe looked at stablecoin, CBDC and other forms of tokenization taking hold in the modern economy in a speech on financial innovation. Go to Source Powered by WPeMatico
Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins in circulation that the project saw almost a year ago, in May 2022. Tether Supply Is … Read more