The crypto lobby claims that stablecoins do not pose any financial risks

The crypto lobby claims that stablecoins do not pose any financial risks

The lobby group believes that regulators should not treat stablecoins as investment products. A US crypto lobby group has called on US regulators not to subject asset-backed stablecoins to new rules, Report Reuters Monday. The Digital Chamber of Commerce, a group made up of Goldman Sachs, Citigroup Inc, and Circle, among other companies and sellers, […]

Continue Reading
South Korean Presidential Candidates Reflect on Cryptocurrency Tax Base

South Korean Presidential Candidates Reflect on Cryptocurrency Tax Base

South Korean presidential candidates have begun lobbying for changes to crypto tax rules to appeal to the younger generation. according to local reportsThe controversial and widely discussed 20% crypto tax will set South Korea’s presidential election in March. Presidential candidates have called for changes to the law to attract millennials and Generation Z, who make […]

Continue Reading
Bank of England leader calls for urgent regulation of cryptocurrency

Bank of England leader calls for urgent regulation of cryptocurrency

The deputy governor said regulations have not kept pace with the industry’s growth. Speaking on cryptocurrencies at the Association for Global Interbank Financial Communications on Wednesday, BoE Deputy Governor for Financial Stability John Cunliffe urged regulators to act quickly and implement measures to contain the risks posed by the market, as more and more investors […]

Continue Reading
G20 financial officials call for strict regulation of stablecoins

G20 financial officials call for strict regulation of stablecoins

Regulatory interest in stablecoins comes on the heels of efforts by governments to launch central bank digital currencies. A meeting attended by financial chiefs from the world’s 20 largest economies called for increased scrutiny of the stablecoin industry as part of broader global regulation. The fourth meeting of finance ministers and central bank governors of […]

Continue Reading
Binance announces that it will remove yuan pairs for OTC trading.

Binance announces that it will remove yuan pairs for OTC trading.

The options for Chinese users appear to be narrowing after crypto exchange Binance revealed its plans to exit the Chinese market. BinanceThe world’s leading digital asset platform, announce Today it was on the verge of eliminating the over-the-counter market for the Chinese yuan at the end of the year. The platform, which has a huge […]

Continue Reading
Sri Lanka is hiring a group of experts to study virtual assets.

Sri Lanka is hiring a group of experts to study virtual assets.

The committee will review the regulatory frameworks of other countries before submitting a proposal on the most effective framework for Sri Lanka. Sri Lanka government announce Friday via a press release that it agreed to create an eight-person committee to review regulations around digital assets in other countries. The Government Information Administration (DGI) specifically highlighted […]

Continue Reading
The department discloses that it is under review by the US Securities and Exchange Commission

The department discloses that it is under review by the US Securities and Exchange Commission

The department’s statement follows a “subpoena for investigation” by the US Securities and Exchange Commission. The issuer USDC Circle has revealed that it is cooperating with the US Securities and Exchange Commission in an ongoing investigation. The regulator called up the company, according to document published on its website. The stablecoin issuer received the notification […]

Continue Reading
KuCoin joins Huobi in shutting down its business in China

KuCoin joins Huobi in shutting down its business in China

The pressure was being felt from the People’s Bank of China’s intensified crackdown last month on exchanges targeting Chinese users. KuCoin has joined the list of crypto entities boycotting its services to clients in mainland China. According to the company, resolution It was taken to comply with an order from the People’s Bank of China […]

Continue Reading