Canadian securities watchdog eases its stablecoin ban
Canada banned stablecoins from exchanges in February unless they obtain prior exemption, but now permits them if they are transparent and provably fully backed.
Canada banned stablecoins from exchanges in February unless they obtain prior exemption, but now permits them if they are transparent and provably fully backed.
Tether is coming under fire for reneging on its promise to eliminate third-party loans while also making a nearly half-billion-dollar investment in an artificial intelligence/BTC mining operation.
In the latest developments in the "crypto" space, Tether's secret banking ties are put on the spotlight after partnering with Britannia Bank & Trust, while Binance ceases support for BUSD products.
Binance remains a key conduit for Russian entities looking to convert rubles into digital assets that can then be exchanged for mainstream fiat currencies, according to a Wall Street Journal report.
Circle assumes "direct accountability" for USDC following the dissolution of the Centre consortium as a stand-alone entity, with plans to debut the stablecoin to six new blockchains.
Circle's Dante Disparte takes a swipe against Tether over the latter's "unsafe, opaque" operations, while Coinbase seemingly resorts to unethical moves in an attempt to save its plummeting revenue.
Singapore's central bank announced a new regulatory framework for stablecoins that seeks to "ensure a high degree of value stability for stablecoins regulated in Singapore."
USDC is shrinking due to a crisis in confidence, but instead of USDT's market cap plummeting as a result of this, the event sparks growth, questioning the integrity of Tether.
Ukraine adds a new layer of security to ensure the legitimacy of digital asset transactions, a move criticized by industry stakeholders who claimed it could hinder the country's Web3 innovation.
Following the weekend news, Justin Sun tweeted to reassure Tron and Huobi customers that he remained a free man, while Huobi issued a blog post insisting that the exchange "is operating as usual."
Tether's audit report claims its reserves have ballooned by $7.1 billion from what was registered in Q1, but its real cash on hand paints a different picture, with figures said to be plummeting fast.
Singapore High Court recognizes digital assets as personal property eligible for a trust holding in a landmark ruling involving Bybit exchange.