On Thursday, July 20, the US House of Republicans introduced a new bill addressing the regulatory uncertainties in the crypto
Category: Stablecoins
South Korean Shinhan Bank Completes Second Phase of Stablecoin Remittance Pilot Test
On Tuesday, July 18, the South Korean Shinhan Bank announced the successful completion of the stablecoin proof-of-concept (PoC) pilot trial.
UK Government Approves New Bill Recognizing Crypto Assets as Regulated Financial Activity
A press release by issued the UK government on June 29, confirmed that King Charles III granted Royal Assent to
Central Bank of Italy Calls for Regulatory Action to Prevent Stablecoin Runs
The Bank of Italy has recently released the “Market Infrastructure and Payment System” report for June. The Italian central bank
Bank of England Argue that ‘Britcoin’ Might Not Be on a Blockchain
As central banks across the world are conducting pilot tests for the central bank digital currency (CBDC), the Bank of
EU Closes Political Deal on Crypto Asset Regulations in Banking Sector
In a tweet, the European Union (EU) entered into a political agreement regarding the amendments to Capital Requirements Regulation and
Hong Kong Regulators Unveils New Rules on Crypto and Stablecoins
On June 1, the Hong Kong regulators issued a Virtual Asset Trading Platform (VATP) handbook. The handbook outlined rules to
MUFG to Support Japanese Banks in Issuing Bank-Backed Stablecoins
Mitsubishi UFJ Financial Group (MUFG), the largest banking institution in Japan, announced on June 2 that its “Progmat Coin” platform
U.S Congress Decides to Hold Hearing on Stablecoin Legislation as Part of Ongoing SEC Regulatory Action
U.S Congress is making some important changes in its schedule for the next week. The House of Representatives is undergoing
Latest Data Shows USDC in Circulation Has Fallen 10% Since De-Peg Incident
The stablecoin market has not been “stable” over the past week. The leaders of this category, like USDC and DAI,