Stablecoins
New US bill seeks to ban UST-like algorithmic stablecoins for 2 years
The bill has undergone several amendments, and the latest would protect Americans from a Terra-like collapse by banning "endogenously collateralized"...
US judge orders Tether to produce detailed documents on USDT’s backing
The order from U.S. District Judge Katherine Polk Failla is part of a case that's been ongoing since 2019, where...
South Korean prosecutors chasing Do Kwon, while exchanges still trade his tokens
South Korean authorities issued an Interpol red notice against Kwon last week concerning the failed DeFi project, claiming he had...
Australia: Senator introduces bill regulating digital assets, stablecoins and digital yuan
Introduced by Senator Andrew Bragg, the Digital Assets (Market Regulation) Bill 2022 requires disclosures from Australian companies dealing in digital...
Russia’s Finance Ministry eyes collaboration with other countries on stablecoin settlement platform
To counter sanctions, Russia is looking to set up a stablecoin platform with help from allies to settle cross-border payments,...
Brazil’s central bank endorses Itaú’s DeFi liquidity pool proposal
The platform will deploy blockchain and smart contracts in asset custody, currency exchange, and alternative investment financial services and would...
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