Tag: stablecoin regulations

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...

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....

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....

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...

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,...

Amid the growing demand...

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...

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...