Stablecoins

Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam expressed concerns about the limitations of U.S. regulatory authority in preventing another major cryptocurrency market collapse similar to FTX’s downfall. Behnam's Remarks At Financial Markets Quality Conference 2023:...

The European Union's banking regulator, the European Banking Authority (EBA), has put forward a draft of new regulatory requirements that will affect stablecoin issuers, particularly focusing on bolstering their capital holdings and ensuring ample liquidity. These suggested regulations are...

Amid the ongoing debates in U.S. House of Representatives concerning the oversight of stablecoin issuers, Federal Reserve Vice Chairman for Supervision Michael Barr has made his stance clear: federal regulation is necessary. Barr's comments emerge as a critical voice in a debate that sees...

Financial regulators are scrutinizing stablecoins tied to the British pound, citing concerns about their potential impact on the stability of the financial system. Authorities outlined their approach to managing risks associated with these digital assets, which would fall under the oversight of...

Yannik Schrade, co-founder of privacy protocol Elusiv, articulated on Friday a nuanced view on the regulatory stances in the U.S. and Europe. Schrade emphasized the need for innovation-friendly policies, even as he delved into the intricacies of maintaining privacy in the era of...

The global standard-setters have declared that no current stablecoin satisfies all pertinent regulatory mandates and that even if a fully compliant stablecoin were to emerge, its efficacy in enhancing cross-border payments remains questionable. This revelation is like to be a topic of...

While Brazil sees higher acceptance of USDT, other Latin American nations like Argentina have bigger appetites for Maker’s DAI. This insight into crypto preferences comes as the market booms in anticipation of the potential approval of a spot Bitcoin ETF. Industry titans ...

Deutsche Bank (NYSE: DB) and Standard Chartered’s (OTCMKTS: SCBFF) SC Ventures have undertaken a testing system enabling blockchain-based transactions, stablecoins, and CBDCs to interact with one another just like the SWIFT messaging layer in legacy banking infrastructure. Find out details...

In the vast expanse of the financial cosmos, 2022 emerged not just as another year but as a defining moment for the cryptocurrency industry. Traditional financial behemoths, with their centuries-old legacies, observed from the sidelines, their interest piqued yet their caution was evident....

The fervor surrounding cryptocurrencies continues to grow, with North America spearheading institutional activity in the crypto sector. A research report by Chainalysis reveals that 76.9% of North America's cryptocurrency transaction volume is spurred by transfers of $1 million or more. This...

Standard Chartered Bank's (OTC: SCBFF) SC Ventures and Deutsche Bank (NYSE: DB) have successfully conducted a Universal Digital Payments Network (UDPN) proof-of-concept, facilitating real-time transactions between USD Coin (CRYPTO: USDC) and EURS stablecoins. In this initiative, SC...

In a move towards greater transparency, Tether Holdings, the entity behind the stablecoin Tether (CRYPTO: USDT), is said to be revising its approach to publishing reserve data reports. As the crypto community gears up for Benzinga's Future of Digital Assets conference on Nov. 14, this...

The European Banking Authority (EBA) and the European Securities Markets Authority (ESMA) have jointly rolled out a consultation paper, outlining draft guidelines on the suitability assessment of members of the management body of issuers of asset-referenced tokens (ARTs), commonly known as...

FIS Global vice president John Avery is overlooking the firm's strategy team responsible for crypto, digital assets, and Web3. Avery's focus is mainly on strategic decisions, regulatory impact analysis, industry relationships, and building/launching new products and services. While...

Michelle Bowman, a member of the U.S. Federal Reserve Board, expressed reservations about the necessity and viability of a U.S. central bank digital currency (CBDC). During a discussion at Harvard Law School on Tuesday, she said, "The potential benefits of a U.S. CBDC remain unclear, and the...