House Bill May Place A 2-Year Ban On Stablecoins Like TerraUSD
The House is supposedly working on a bill that may eventually ban algorithmic stablecoins for up to two years and mandate a government study on LUNA-like tokens. On September 20, ...
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Tag: Stablecoins
US Ethics Advisory On Federal Employee’s Crypto Has Basis In Law
When the United States Office of Government Ethics (OGE) published its Legal Advisory 22-04 on July 5, most of the attention was given to its conclusion that federal staff who ...
Singaporean Financial Regulator To Consult Public On Stablecoin Laws
The Monetary Authority of Singapore (MAS), a city-state’s principal financial watchdog, is tasked with assessing the merits of a regulatory regime toward stablecoins. The current guidelines are designed to focus ...
ECB Bets On CBDCs Over Bitcoin For Cross-Border Payments
European Central Bank’s (ECB) interest in identifying the best cross-border payment solution arises from the fact that it serves as the central bank of the 19 European Union nations that ...
Sri Lanka’s Central Bank Insists Crypto Is Illegal Amid Economic Collapse
The Central Bank of Sri Lanka (CBSL) has already issued a notice on cryptos insisting on its stand as the nation’s economy continues to crumble. On July 12, Sri Lanka’s ...
72 Of Top 100 Coins Have Lost At Least 90% Of Their Value
Most cryptos have plunged by over 90% from their all-time highs. However, a core group has now managed to stay ahead of the pack. Based on price data from CoinGecko ...
Terra’s Luna 2.0 Sees Weak Start After Botched Crypto Relaunch
Terra's new Luna token re-launch saw a weak start and failed to impress investors who got the new tokens after last month’s collapse of the cryptos tied to the failed ...
Crypto Has Crashed, Can IT Bounce Back Anytime Soon?
Plunging prices and lost life savings have confirmed for many that the blockchain dream was just too good to be true. Now, it may struggle to reach past highs. Even ...
Japan Approves Stablecoin Law Guaranteeing Protection For Crypto Investors
Stablecoins are described as digital currencies that are linked to underlying assets, such as gold, and fiat, and in some cases bitcoin is used for the case of algorithmic stablecoins ...
Meta Adopts Bitcoin After Their Stablecoin Failed
After many years of trying to launch its stablecoins, Meta (previously Facebook) adopted Bitcoin and its Lightning Network. The tech behemoth has also launched a new firm, LightSpark, backed by ...