Tag: Stablecoins
BIS/Coeuré: Stablecoins Could Disintegrate the Monetary System
The Director of the Innovation Center at the Bank for International Settlements said that stablecoins that fall outside of central bank-focused financial systems could “disassemble” the monetary system. Benoît Coeuré,…
Former US Treasury Secretary: Reserves of Stablecoins Should Be Transparent
Steven Mnuchin, the former US secretary of the treasury, believes that stablecoins in the cryptocurrency market should be managed and regulated in a transparent manner. Speaking at Thursday’s Bloomberg Invest…
Financial Stability Board: Global Stablecoins Can Bring Big Risks to Financial Stability
The Financial Stability Board (FSB) stressed the importance of properly regulating, overseeing and monitoring this industry, noting that the stablecoin world is “evolving rapidly.” Global stablecoin regulations since last year…
Announces BIS Payment System Principles Can Be Adapted to Stablecoins
The Bank for International Settlements (BIS) proposes that the basic principles determined to ensure the secure and uninterrupted operation of payment systems are also applied to stablecoin systems. In a…
WSJ: “Stablecoins Are On The Biden Administration’s Agenda!”
According to the news of The Wall Street Journal, the Biden administration is preparing a regulation for companies that issue stablecoins. Regulators around the world are worried that the rapid…
Report: Biden Administration Takes Action to Regulate Stablecoins
The Biden administration is trying to regulate stablecoin issuers as if they were banks – including by encouraging firms to register as banks, The Wall Street Journal reported. The White…
Bitcoin Supporter Senator Lummis Talks About Stablecoins!
Senator Cynthia Lummis from the state of Wyoming, one of the least populated states in the USA, has become one of the most staunch supporters of the crypto industry after…