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Nalezeno "3 stablecoins": 3131

HK and Singapore’s mega-rich are eyeing crypto investments: KPMG

25.10.2022
Despite the ongoing bear market, family offices and high-net-worth individuals in Hong Kong and Singapore are keen to invest in crypto or already have holdings

IRS Updates Crypto-Related Instructions for 2022 Tax Filing

25.10.2022
The Internal Revenue Service (IRS) has updated the crypto section in the 2022 draft instructions for tax form 1040. “For example, digital assets include non-fungible tokens (NFTs) and virtual currencies, such as cryptocurrencies and stablecoins,” the tax agency detailed. New...

South Korean Regulator Plans to Look at Stablecoins' Role in Money Laundering: Report

24.10.2022
The country's Financial Services Commission considers stablecoins to be highly susceptible to money laundering, according to a new report

Chainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam

24.10.2022
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems that both countries are facing. 34% of the “small” transactions include...

Hong Kong Presents Digital Currency Prototype, Project Aurum

24.10.2022
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens...

Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months

22.10.2022
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth comes at a time when the market valuations of the top two stablecoins tether and usd coin...

CBDCs Can Work With Stablecoins, Central Bank Trial Finds

21.10.2022
The central bank claims its prototype as a success that safeguards flexibility and privacy

Acting US FDIC head cautiously optimistic about permissioned stablecoins for payments

20.10.2022
Acting Federal Deposit Insurance Corporation chairman Martin Gruenberg said the agency needs more information about crypto, and the crypto industry needs to understand the FDIC better

Stablecoins Could ‘Fundamentally Alter’ Banking System, Says US FDIC Chief

20.10.2022
Stablecoins could have such a profound effect on the established banking system that U.S. regulators need to require that the digital tokens fit in without disrupting it, said Martin Gruenberg, the acting chairman of the Federal Deposit Insurance Corp

There were vast discrepancies in crypto markets during Q3: Report

19.10.2022
The total crypto market cap actually increased in Q3 following a series of devastating sell-offs earlier this year

Protections Needed to Stop Digital Pound Ousting Stablecoins, Lawmakers Told

19.10.2022
Anti-fraud measures might need to go wider, committee members considering new stablecoin laws heard from private sector witnesses

IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year

19.10.2022
An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new 'Digital Asset' category

Brazilian City of Curitiba Mulls Crypto Acceptance for Tax Payments

17.10.2022
The city of Curitiba, in Brazil, is now studying the possibility of accepting cryptocurrency payments for taxes. Noemia Rocha, a city councilor for Curitiba, presented this project to the executive to study the method by which the municipality could accept cryptocurrencies for these payments using...

Kevin O’Leary Expects Bitcoin to Go up When Stablecoin Transparency Act Passes

17.10.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects the price of bitcoin to go up when the Stablecoin Transparency Act passes, which he believes could be soon after the November midterm elections. O’Leary emphasized that crypto cannot be stopped, stating: “You either join...

War Spurs Crypto Activity in Russia and Ukraine, Chainalysis Reports

15.10.2022
The deadly conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries, according to Chainalysis. Fiat inflation and sanctions pressure led to several spikes in transaction volumes this year, the blockchain forensics firm has found, while Eastern...

SEC Chairman Says CFTC Should Get More Power to Oversee Stablecoins: Report

14.10.2022
Gensler pointed out that the CFTC does not have direct authority to write rules for the firms that issue stablecoins

Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero

14.10.2022
On October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has reduced the company’s commercial paper holdings down to zero. The company has said it would reach this goal for a while now, and Tether says that shrinking commercial paper holdings down to zero...