News with the tag "Stablecoin"

Hong Kong passed a stablecoin bill that will enable the region to establish a licensing regime for fiat-backed stablecoin issuers. "Hong Kong’s stablecoins are backed by fiat currency as underlying assets, and we welcome global enterprises and institutions interested in issuing stablecoins to apply ...

A Senate vote to advance a bill regulating stablecoins is being hailed as a pivotal moment for the cryptocurrency industry. Bitwise’s Matt Hougan Says GENIUS Act Lays Groundwork for Institutional Adoption Hougan’s latest analysis explained that the U.S. Senate voted 66–32 on Monday to move the Guara...

Netherlands-based fintech firm Quantoz Payments B.V. has appointed former Binance executive Arjen Van Klaarbergen as its new General Counsel, betting that his regulatory firepower will shield its EURQ and USDQ stablecoins. Van Klaarbergen brings nearly two decades of legal expertise in financial ser...

Ripple and Coinbase have both reportedly participated in informal talks to acquire the stablecoin issuer Circle. Fortune, citing four anonymous banking and private equity executives, reports that Circle wants at least $5 billion for a sale. The USDC issuer has been gearing up for an initial public o...

Circle has officially launched the mainnet for its Circle Payments Network. The CPN will be a new blockchain-based system designed to facilitate real-time cross-border payments and settlements using its stablecoin, USDC ( USDC ). The CPN is built to support business-to-business payments, cross-borde...

Guatemala's largest bank, Banco Industrial, has adopted blockchain firm SukuPay's stablecoin rails for customers to send remittances from the U.S. SukuPay will allow Guatemalans to receive funds from the U.S. for a flat 99 cent fee using only a phone number within their Banco National mobile app Zig...

The Hong Kong government passed the stablecoin bill, which marks the beginning of licensing for stablecoin issuers. The legislative council on Wednesday passed the bill on its third reading, which directs the token issuers to get licensing from the Hong Kong Monetary Authority (HKMA). Stablecoin is ...

Hong Kong’s financial regulator will soon require stablecoin issuers to meet robust risk management and compliance standards under the new law. Hong Kong just hit the gas on stablecoin regulation, passing a bill that makes licensing mandatory for anyone issuing fiat-referenced stablecoins. Under the...

The post Hong Kong Passes Stablecoin Bill Under New Regulatory Framework appeared first on Coinpedia Fintech News Hong Kong has officially passed the Stablecoin Bill in its third reading. This landmark legislation opens the door for regulated stablecoin issuance and aligns digital assets with tradit...

The post Hong Kong Moves Forward with Stablecoin Licensing appeared first on Coinpedia Fintech News The Hong Kong Legislative Council has passed the Stablecoin Bill, clearing the way for regulated stablecoin issuers. Starting later this year, institutions can apply to the Hong Kong Monetary Authorit...