“Stablecoins can certainly be a useful, efficient consumer-serving part of the financial system if they’re properly regulated,” said Jerome Powell.
Read more
Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh
He clarified that it’s mostly fiat money stablecoins that bear the brunt of this regulatory scrutiny.
Read more
$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells
During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating
Read more
Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies.
Read more
Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance
The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year.
Read more
Crypto Economy Loses Billions in Market Downturn, Bitcoin Price Slips More Than 25% in 30 Days
A great number of cryptocurrencies dropped considerably in value during the early morning hours (after 12:00 a.m. EST) on December 4. At the time of
Read more