By Hannah Perez The guide sets out a series of requirements that New York regulated crypto firms must meet in order to issue and operate stablecoins. *** NYDFS released guidance to regulate USD-pegged stablecoins. It requires liquid asset reserves to guarantee swaps, as well as audits. The move is the latest sign of interest from …
New York Financial Regulator Issues Formal Guidance on Stablecoins Read More »
For Angel Di Matteo @shadowargel According to Peirce, what happened with the coins of land puts on the table the need for urgent regulation for stablecoins, but it is necessary to guarantee a balance that allows innovation and compliance with basic rules. *** For Peirce, it is increasingly necessary to regulate stablecoins, precisely to avoid …
For DailyBitcoin Editor Lael Brainard, Vice President of the US Federal Reserve, believes that stablecoins could be a “significant” risk to the payment system. *** The vice president of the FED criticizes stablecoins. Brainard thinks that crypto can fragment the US payment system. Payment with cash in the US has been reduced from 31% to …
For DailyBitcoin Editor Lael Brainard, Vice President of the US Federal Reserve, believes that stablecoins could be a “significant” risk to the payment system. *** The vice president of the FED criticizes stablecoins. Brainard thinks that crypto can fragment the US payment system. Payment with cash in the US has been reduced from 31% to …
For Hannah Perez The bill would address dividend-producing stablecoins, although it is unclear what the practical scope of the proposed regulatory regime would be. *** The member of the United States House of Representatives, Tom Emmer, is preparing to introduce a bill that seeks to place some stablecoins under the supervision of the US Securities …
Key facts: One of the goals of the project is “the bitcoinization of the dollar”. The development is in the experimental stage and the collaboration of Bitcoin developers will be sought. A new protocol known as Taro, developed by Lightning Labs, will allow the issuance of Bitcoin tokens. These can be exchanged through the Lightning …
Bitcoin Lightning Network will allow issuing and exchanging stablecoins and other tokens Read More »
By Angel Di Matteo @shadowargel According to the president of the SEC, Both exchanges and stablecoins serve as a vehicle for practices that can harm users, which is why the regulator requires greater powers to be able to address these markets. *** The president of the US Securities and Exchange Commission (SEC)Gary Gensler again highlighted …
SEC Chairman Again Highlights Need for Greater Control Over Exchanges and Stablecoins Read More »
By Angel Di Matteo @shadowargel The round organized by Ardana had the participation of Three Arrows Capital and Ascensive Assets. In addition to a stablecoin, Among the team’s plans is to launch a decentralized exchange next year. *** The ecosystem for stablecoin design built on the network of Cardano, Ardana, raised about $ 10 million …