Stablecoins

March 02, 2024

Don’t rule out algorithmic stablecoins, Crypto Council tells Hong Kong

The Crypto Council for Innovation (CCI) submitted a comment on the proposed stablecoin regulatory regime in Hong Kong on the last day of the comment period. […]
February 14, 2024

Printing money for fools is a ‘great business to be in’ — NZ central bank head

During a parliamentary committee meeting on February 12, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr made a quip about the modern central banking system, […]
January 23, 2024

BIS announces CBDC, tokenization projects for 2024

The Bank for International Settlements (BIS) Innovation Hub is set to embark on the next phase of its central bank digital currency (CBDC) privacy research and […]
December 29, 2023

China calls for crackdown on Tether stablecoin in illegal forex trading

China’s Supreme People’s Procuratorate has warned that using Tether as a medium of exchange between local and foreign currency is illegal.   Chinese authorities are taking […]
December 27, 2023

Hong Kong to oblige stablecoin issuers to obtain license – consultation paper

The criteria for obtaining an HKMA license will include full backing of all circulating stablecoins with reserves “at least equal to the par value.”   Hong […]

Bitrace report zeroes in on stablecoin money laundering methods

Illegally obtained stablecoin may sell at a premium or a discount, depending on how it is being laundered.   Blockchain research firm Bitrace has conducted a […]
December 26, 2023

Tether mints $1B USDT for ‘inventory replenish’ — CEO Paolo Ardoino

Tether Treasury minted another one billion “authorized but not issued” USDT on Christmas Day, triggering some skepticism from the community.   Tether, the company behind the […]

Stablecoin laws: 25 countries had legislation in place in 2023

Out of 43 countries analyzed by PwC, as many as 25 jurisdictions had stablecoin regulations in place in 2023.   The stablecoin sector, featuring cryptocurrencies like […]
December 21, 2023

Stablecoin laws: Only 6 countries had legislation in place in 2023

Out of 35 countries analyzed by PwC, only six jurisdictions had stablecoin regulations in place in 2023, including Switzerland and Japan.   The stablecoin industry, featuring […]

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