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State of play in global stablecoin regulation
Most lawmakers now believe that digital assets should be regulated in some form or another, and, as Dr. Michael Huertas suggests, stablecoins appear to be at the top of the agenda.
Most lawmakers now believe that digital assets should be regulated in some form or another, and, as Dr. Michael Huertas suggests, stablecoins appear to be at the top of the agenda.
Donald Trump appears intent on using single-issue 'crypto' voters to ensure his victory over U.S. President Joe Biden, despite him being notorious for saying one thing and doing another.
The committee will also delve into central bank collaboration on CBDCs and asset-linked stablecoin arrangements to promote payments market efficiency.
CBDCs, stablecoins, and tokenized assets were a hot topic at the London Blockchain Conference 2024, with Amarachi Amaechi hosting a panel discussing the future of money.
Among the key takeaways from the London Blockchain Conference 2024 is how the industry can and should form solid regulation and compliance, along with the need for improved communication from enterprises and advocates in the space.
Amendments to the BCBS rules are expected to be introduced later this year, but it is not immediately clear whether those rules will reflect the concerns raised in December’s feedback.
The Public Security Bureau in Chengdu, China, recently announced the disruption of a “huge underground bank” that used Tether’s USDT token as “a medium to provide illegal services to customers.”
Wei Zhou, CEO of Coins.ph, expressed the transformative potential of the PHPC, stating that it "will empower Filipinos to transact seamlessly and securely in the digital economy."
If Tether collapses, majority of global liquidity will go with it, and so will a sizable chunk of value held in equity around the blockchain economy.
As we lead up to the London Blockchain Conference 2024, Centi's Bernhard Müller is looking forward to demonstrating their latest payment solutions and sharing several updates with the conference attendees.
If the Payment Stablecoin Act passed and applicable bank regulations followed, it would open the door for America's biggest banks to get involved in stablecoins.
Former CFTC Chair Timothy Massad said stablecoins may put the U.S. national security at risk because of their bearer nature, thus there is a need for more robust and comprehensive regulations.