Stablecoin Showdown: Crypto Bill Faces Collapse as Senate Democrats Withdraw Support

U.S. stablecoin regulation nears collapse as Senate Democrats withdraw support, demanding tougher AML rules and financial safeguards.

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U.S Rep Tom Emmer Introduces Blockchain Bill to Protect Developers

The Blockchain Regulatory Certainty Act (BRCA) has been reintroduced in Congress to protect digital asset developers. The bipartisan effort is led by Representatives Tom Emmer and Ritchie Torres, who are both part of the Congressional Crypto Caucus. The bill clarifies that developers who do not manage customer funds are not considered money transmitters. The BRCA […]

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Top 3 Stablecoins to Buy instead of USDC

It is a good idea to look for other stablecoin alternatives now that USDC crashed. Here are our top 3 stablecoins to buy instead of USDC.

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Next US Congress to Legislate on Stablecoin Regulation

Several bills introduced in the Senate and the House of Representatives are expected to be discussed next year.

Continue reading Next US Congress to Legislate on Stablecoin Regulation at DailyCoin.com.

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Sam Bankman-Fried Posts Crypto “Norms Manual”

The document provides scenarios where decentralized exchanges would need to take out licenses and do KYC, among other things.

Continue reading Sam Bankman-Fried Posts Crypto “Norms Manual” at DailyCoin.com.

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Australia Could Soon Regulate Stablecoins and the Digital Yuan

Andrew Bragg published a bill on Monday that aims to regulate cryptocurrency exchanges, stablecoins and the digital yuan.

Continue reading Australia Could Soon Regulate Stablecoins and the Digital Yuan at DailyCoin.com.

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Stablecoin bill to enshrine investor protection: Japan

Last month’s collapse of the TerraUSD token thrust stablecoins into the worldwide spotlight, and Japan became one of the first large economies to build a legal framework around them. With these move, Japan is no longer just the land of rising sun, it is also the land of rising cryptocurrency regulations. On Friday, Japan’s parliament […]

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Stablecoin CRASH! Terra UST crashes amid Bitcoin Bear, what happened?

What is UST crypto and why did it lose its peg? Was it a staged attack or UST couldn't handle the crypto crash? Let's talk about UST crypto!

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Regulation Report: Big Banks Want To Hijack Crypto Industry

The Biden Administration aims to force stablecoins into a banking wood-chipper. We have known for sometime stablecoin regulation is coming. Is it the boogeyman many think it will be? Here’s the details. Covered: Stablecoin Regulation Strategy Their Plans Does it Change Protocol Decentralization? Stablecoin Regulation Strategy An investigative report from Decrypt has drilled down the […]

The post Regulation Report: Big Banks Want To Hijack Crypto Industry appeared first on CryptosRus.

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UK Extends Stablecoin Regulation Consultation Period, Seeks Inclusive Feedback

The Bank of England and the Financial Conduct Authority have extended the feedback deadline for stablecoin regulation to February 12, aiming for a comprehensive, inclusive regulatory framework. (Read More)

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JPMorgan Warns of Increased Risk for Crypto Market Due to Tethers Lack of Regulatory Compliance and Transparency

JPMorgan has warned of increased risk for the crypto market resulting from Tether’s “lack of regulatory compliance and transparency.” The global investment bank’s analysts explained that other stablecoin issuers that have been more compliant with existing regulations are likely to benefit from the coming regulatory crackdown on stablecoins and gain market share. JPMorgan Warns About [...]

The post JPMorgan Warns of Increased Risk for Crypto Market Due to Tethers Lack of Regulatory Compliance and Transparency appeared first on Crypto Breaking News.

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FSB Releases High-Level Recommendations for Global Stablecoin Regulation

The Financial Stability Board (FSB) has published a comprehensive report outlining key recommendations for the regulation, supervision, and oversight of global stablecoin (GSC) arrangements. The report aims to address potential financial stability risks posed by GSCs at both the domestic and international level. (Read More)

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What will Happen to Stablecoins during the Crypto Bullrun?

In this article, we analyze stablecoins and the crypto market while exploring the challenges posed by TUSD's lack of transparency.

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Tethers USDT approved as accepted virtual asset in Abu Dhabi

Abu Dhabi Global Market regulators have approved Tethers USDT as an accepted virtual asset, opening the door to USDT financial services.

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Non-USD stablecoins can spur adoption: Report

Cryptocurrencies, including stablecoins, still only pay for 0.2% of online commerce transactions globally, according to the report. 

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South Korea plans to regulate cross-border stablecoin transactions

South Koreas Financial Services Commission plans to consult with other jurisdictions, including Japan and the EU, on stablecoin rules.   

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Stablecoins essential for US dollars future, says Paxos CEO

In an open letter to Donald Trump and Kamala Harris, Charles Cascarilla highlighted the role of stablecoins in maintaining the US dollars global dominance and improving banking efficiency.

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UAE stablecoin issuer gets nod from central bank

With Tether waiting in the wings, AED Stablecoin becomes the front-runner to launch the United Arab Emirates first regulated dirham-pegged token.

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Sen. Hagerty introduces Clarity for Payment Stablecoins Act of 2024

The new bill is a refinement of Rep. Patrick McHenrys 2023 bill, which has bipartisan support.

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Circles USDC beats Tether USDT in market cap surge during 2024

USDCs massive growth in 2024 marked the stablecoins steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.

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