Tag: stablecoin regulations

May 09 2022

Stablecoin CRASH! Terra UST crashes amid Bitcoin Bear, what happened?

The Terra foundation had a successful launch of its stabelcoin UST. However, when the crypto market started to crash, Terra entered hot waters as UST loses its peg and slips to a current price of $0.88. What is UST crypto and why did it lose its peg? Was it a staged attack or UST...

Jan 13 2022

Regulation Could Bolster Stablecoin Innovation – Acting OCC Chief

Acting comptroller of the Office of the Comptroller of the Currency (OCC), Michael Hsu has revealed that regulating stablecoin issuers like banks, could help innovations thrive in the crypto industry....

Dec 28 2021

FTX Exchange Calls out Banks Who Can Accept Stablecoins, Lures Them With $1 Million Prize Money

Bahamian-based cryptocurrency exchange platform FTX has issued a rallying call to all banks who might be interested in accepting stablecoins in exchange for a $1 million reward....

Dec 07 2021

Just-In: Japan to Impose Stricter Regulations on Stablecoins

Dec 07 2021 Published at Coingape under tags  bnbbkrw bnbbtc bnbbusd bnbeth bnbeur

The Financial Services Agency (FSA) of Japan has announced that they will follow the US regulator's footsteps in the matter of strengthening regulatory oversight for Stablecoins. According to reports from a local publication, the FSA has declared the updated restrictions on Stablecoins issuance in the nation, in lieu of which, only banks and wire transfer services The post Just- In: Japan to Impose Stricter...

Nov 24 2021

OCC Issues Regulatory Clarity For Banks, Here’s How It Aligns With International Regulations

The Office of the Comptroller of the Currency (OCC) has today published a clarifying letter to banks and federal savings associations. As stated in the letter, these concerned parties must demonstrate that they have absolute controls before engaging in any crypto-based activities. Regulatory Clarity For Banks Speaking about the regulatory clarity, the Acting Comptroller of The post OCC Issues Regulatory Clarity For Banks,...

Jul 22 2021

Jul 16 2021

After U.S, Now Japan Calls for Strong Regulations of Stablecoins

In a fresh development, Japanese regulators are now stepping up efforts to regulate digital currencies, especially stablecoins. In exclusive coverage, Reuters reports that the Japanese government is closely watching the sharp growth of the crypto market and remains worried about its impact on the country's financial system. Tokyo wants to engage with global financial regulators The post After U.S, Now Japan Calls for...

Sep 15 2020

Tether Prints 5 Billion USDT In Only 2 Weeks

Despite the mounting pressure from central banks and governments alike, the Tether printer is running wild as demand for the stablecoin seems to be growing exponentially. 5 Billion USDT were minted in the last 2 weeks alone. That's approximately half the previous market cap, or an increase of 50% of the supply. USDT is the largest US Dollar with approximately $15 Billion in...

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