Most stablecoins won’t meet upcoming recommended standards, FSB says
The Financial Stability Board is set to publish recommendations for stablecoin regulations this year, and it says most existing stablecoins fall short of these proposed standards.
The Financial Stability Board is set to publish recommendations for stablecoin regulations this year, and it says most existing stablecoins fall short of these proposed standards.
Israel's proposed legislations in regulating stablecoins include restricting algorithmic stablecoins and uncollateralized assets, as well as "borrowing" the EU's MiCA to supplement local laws.
IMF has called on its members to develop a comprehensive and consistent framework to regulate digital assets, fearing they could undermine financial stability.
Liberty begins with personal responsibility leading to a culture of responsibility—have we seen this in the blockchain space? No, not by a long mile, Bitcoin Historian Kurt Wuckert Jr. writes.
The European Blockchain Regulatory Sandbox will host 20 blockchain projects annually until 2026, pairing them up with the right regulators for guidance.
To safeguard investors, Canada enhances its regulatory control of VASPs, which includes restricting them from offering stablecoins to customers and segregating digital assets held for local clients.
NY Attorney General Letitia James alleges that CoinEx offered commodities and securities without registering, with the exchange pledging to cooperate with the regulator.
Expected to take effect in November, Taiwan's latest policy mandates public servants to declare their digital asset holdings exceeding $32,900 or risk being penalized.
Paxos CEO Charles Cascarilla said that the decision was not linked to the NYDFS order, clarifying that "The market has evolved, and the Binance relationship no longer aligns with our current strategic priorities."
Zambia has joined the tech race, with the securities regulator and its central bank partnering for the development of a policy framework using revolutionary technology.
The Bangko Sentral ng Pilipinas wants digital asset users to directly report any non-compliant virtual asset service providers as it steps up its investor protection measures.
Hong Kong’s SFC has asked the public for opinions on whether centralized digital currency exchanges in the country should be allowed to serve retail customers and what regulations to implement.