Using blockchain powered currency as simply a means of funding wallets is a missed opportunity—that’s the main message that serial entrepreneur Phillip Runyan wants to share with senior execs from the gambling industry.
The Financial Stability Oversight Council’s 2021 report points out that digital assets and the associated distributed ledger technology present the opportunity to promote innovation and further modernization.
The Financial Services Agency believes the new proposal will prevent stablecoin runs in Japan as banks and wire transfer firms are required to protect consumer assets.
The Governing Council of the ECB has published a new oversight framework that will cover digital currencies and promised even more regulations for the sector.
The Monetary Authority of Singapore is keeping an open mind on digital currencies and stablecoins but says they must go beyond illicit use and mere speculation.
A working group convened by Treasury Secretary Janet Yellen has granted the push by SEC Commissioner Gary Gensler to let the securities regulator take control over stablecoins.
The U.S. securities regulator plans to take enforcement action on the blockchain and digital currency industry, according to Chair Gary Gensler.
The head of the Bank for International Settlements has asked central banks to step up their efforts with CBDCs as they face a threat from stablecoins and DeFi.
The U.S. Federal Reserve recently released minutes of its latest meeting, and one of the topics they discussed was stablecoins, specifically the risk stablecoins pose to financial stability.
Daniel Lipshitz of GAP600 joined CoinGeek Backstage to talk about how is company is using the efficiency of BSV blockchain to power stablecoins.
While the sheer size of the Tether and USDT scheme makes them lightning rod for stablecoin criticism, they aren’t the only stablecoin.