News with the tag "stablecoin regulations"

Federal Reserve Chair Jerome Powell affirmed the central bank’s support for developing a regulatory framework around stablecoins during a Senate hearing on February 11. At Tuesday’s Senate Banking Committee hearing, Federal Reserve Chairman Jerome Powell said the Fed is adjusting its policies in res...

Senator Bill Hagerty is set to introduce legislation aimed at creating a regulatory framework for stablecoins. This initiative, scheduled for Tuesday, reflects a growing desire among Republican lawmakers to establish crypto-friendly guidelines within the financial system. Stablecoins Under The Micro...

Jingdong Coinlink Technology Hong Kong Limited unveils its plan to issue a Hong Kong dollar stablecoin, aiming for secure and cost-effective payment solutions while adhering to regulatory requirements.

Crypto exchange Binance announced Monday its strategy to comply with the forthcoming Markets in Crypto Assets Regulation (MiCA) stablecoin rules, set to take effect on June 30 across the European Economic Area (EEA). These regulations will restrict the issuance and offering of stablecoins to regulat...

Today, the Bank of England extended the deadline for citizens to provide feedback on its proposed regulatory regime for UK stablecoins from February 6 to February 12. The central bank’s discussion paper focused on rules for sterling-denominated stablecoins, which it believes are the most likely cryp...

JPMorgan has warned of increased risk for the crypto market resulting from Tether’s “lack of regulatory compliance and transparency.” The global investment bank’s analysts explained that other stablecoin issuers that have been more compliant with existing regulations are likely to benefit from the c...