U.K.’s Next Government Must Act Fast to Regulate (and Retain) Crypto Firms
The likely victorious Labour party has taken no stance on digital assets. This needs to change quickly, writes Laura Navaratnam of the Crypto Council for Innovation.
Stablecoins
EU’s Restrictive Stablecoin Rules Take Effect Soon and Issuers Are Running Out of Time
The European Banking Authority told CoinDesk it intends to publish a final report on how it will monitor stablecoin issuers by the end of the month.
Stablecoin Issuers Now 18th Largest Holder of U.S. Debt
Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington’s debt management grow.
Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies
The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies.
Australia’s Treasury to Include Stablecoin Rules in Crypto Bill Draft, ASIC’s Warning For Crypto Entities
Australia’s regulators have provided rare updates on their plans for the digital assets sector, including plans to introduce a draft framework for stablecoins and hinted that more enforcement is on its way against unlicensed entities during an event in Sydney on Wednesday.
Rune Christensen Explains Why He Wants to Remake Maker and Kill DAI
The MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview.
U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan
Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.
India’s Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: Reuters
The Securities and Exchange Board of India submitted a recommendation that several regulators should oversee trade in cryptocurrencies, Reuters reported citing documents.
DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper
Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion’s share of protocol revenues back to liquidity providers.
Philippines’ Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market
Philippines’ central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso backed stablecoin called PHPC, the company said last week.