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stablecoins

FSB finalizes global recommendations for regulating digital assets, stablecoins
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19 July, 2023

FSB finalizes global recommendations for regulating digital assets, stablecoins

The recommendations from the Financial Stability Board include fostering cross-border regulatory collaboration, improved disclosures of digital assets, and providing legal...
US seizes $45 million in fraud proceeds from Tether/FTX’s bank Deltec
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19 July, 2023

US seizes $45 million in fraud proceeds from Tether/FTX’s bank Deltec

It “appears” that Deltec Bank “misrepresented the purpose and use” of its MUFJ accounts, which were opened with MUFJ by...
Binance fires staff, cuts benefits, ditches sponsorships, claims ‘this is fine’
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18 July, 2023

Binance fires staff, cuts benefits, ditches sponsorships, claims ‘this is fine’

Binance’s layoffs could top 3,000 by year’s end, according to an exchange staff who claimed that the U.S. Department of...
Terra co-founder Daniel Shin faces first court hearing in South Korea
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12 July, 2023

Terra co-founder Daniel Shin faces first court hearing in South Korea

The South Korean court noted that it would study the submissions of Daniel Shin's legal team; both parties are expected...
Canada proposes national strategy to foster blockchain, digital assets adoption
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6 July, 2023

Canada proposes national strategy to foster blockchain, digital assets adoption

Canadian legislators recently published a report with 16 proposals to promote blockchain technology and protect individuals’ right to own digital...
India: 6 potential risks of stablecoins for developing economies, according to central bank
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6 July, 2023

India: 6 potential risks of stablecoins for developing economies, according to central bank

The risks enumerated by the Reserve Bank of India include currency threat of currency substitution, circumvention of capital flow controls,...
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