UK Treasury proposes regulations to protect stablecoin users
Her Majesty's Treasury stated that it recognizes the potential of stablecoins to drive innovation, but noted that they pose a threat to financial stability should systemic failures occur.
Her Majesty's Treasury stated that it recognizes the potential of stablecoins to drive innovation, but noted that they pose a threat to financial stability should systemic failures occur.
The airdrop is a joint effort with Meituan Dianping, one of China's leading food delivery apps, according to a statement from Shenzhen authorities.
A recent article detailed the situation surrounding the crash of UST and Terra and described it as a "black swan" event that wiped out over $42 billion of investors' money.
Apart from issuing a subpoena, prosecutors also secured a statement from an employee who stated that some staffs were against the launch of TerraUSD (UST) as even the pilot model failed.
The committee is to undertake the study and make its recommendations to the House Committee on House and Governmental Affairs at least 60 days before the commencement of the 2023 regular session.
A pseudonymous analyst called "FatMan" has spoken up about the exploit and said that the protocol might collapse as the developers do not appear to be taking any action.
Around 70 technologists from the Department of Science of Technology will make up the first set of trainees, and about PHP1.6 million (around US$30,500) have been secured in funding for the program.
The Chamber of Deputies, the lower house of Paraguay's bicameral National Assembly, has voted 40-12 in favor of advancing a digital currency industry regulation bill.
In its annual report published recently, the Reserve Bank of India proposed a three-stage "graded approach" to introduce a central bank digital currency, including proof-of-concept, pilot, and launch.
Authorities in Thailand have formally introduced a seven percent value-added tax exemption for transfers of digital currencies made on government-registered exchanges.
U.S. senators have proposed a bill that will prohibit application stores like Google and Apple from hosting apps supporting digital yuan as a payment method.
The law specifies that any profit made from the transaction is taxable even when digital currency transactions do not involve Brazilian Real or other fiat currency.