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stablecoins

US senators urge Facebook to discontinue digital currency pursuit amid Novi wallet launch
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22 October, 2021

US senators urge Facebook to discontinue digital currency pursuit amid Novi wallet launch

Five U.S. lawmakers wrote a letter to Zuckerberg urging him to discontinue the Novi and Diem ventures, stating that Facebook...
IMF warns of global financial system ‘contagion risk’ from stablecoins
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19 October, 2021

IMF warns of global financial system ‘contagion risk’ from stablecoins

In particular, the report links to risks of service disruption, hacks and other attacks on exchanges, and low levels of...
Bank of England chief: Digital currency regulation a ‘matter of urgency’
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19 October, 2021

Bank of England chief: Digital currency regulation a ‘matter of urgency’

The Deputy Governor said the risks posed by stablecoins as well as decentralized and derivatives trading on unbacked assets, were...
Visa announces interoperability platform for CBDCs and stablecoins
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11 October, 2021

Visa announces interoperability platform for CBDCs and stablecoins

The platform would enable CBDCs to be transferred from one blockchain to another, and would also allow stablecoins to operate...
USDC issuer Circle Financial subpoenaed by US securities regulator
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7 October, 2021

USDC issuer Circle Financial subpoenaed by US securities regulator

The firm revealed in a recent regulatory filing that the Securities and Exchange Commission (SEC) subpoenaed it in July, although...
SEC Chairman Gary Gensler speaks on digital currency
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21 September, 2021

SEC Chairman Gary Gensler speaks on digital currency

The U.S. securities regulator plans to take enforcement action on the blockchain and digital currency industry, according to Chair Gary...
BIS wants central banks to move faster with CBDC amid looming stablecoin pressure
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17 September, 2021

BIS wants central banks to move faster with CBDC amid looming stablecoin pressure

The head of the Bank for International Settlements has asked central banks to step up their efforts with CBDCs as...
European Securities and Markets Authority brands digital currency ‘volatile’
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16 September, 2021

European Securities and Markets Authority brands digital currency ‘volatile’

The report views digital currency a trending innovation in finance, but also a threat to the sustainability of financial services...
Diem not impressing Washington even with rebranding efforts: report
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14 September, 2021

Diem not impressing Washington even with rebranding efforts: report

Facebook has faced an uphill task bringing regulators onboard with its Diem payment system, even after pouring millions into lobbying...
Tether desperately trying to stop NYAG probe results from going public
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31 August, 2021

Tether desperately trying to stop NYAG probe results from going public

The Office of the Attorney General received a Freedom of Information Law (FOIL) request at the end of June, demanding...
Tether links to questionable ‘market makers’ yet another cause for concern
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25 August, 2021

Tether links to questionable ‘market makers’ yet another cause for concern

The fact that billions in fresh capital allegedly continue to pour into Tether’s coffers despite the looming threat of more...
Federal Reserve worries about stablecoins as pressure mounts on Tether
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23 August, 2021

Federal Reserve worries about stablecoins as pressure mounts on Tether

The U.S. Federal Reserve recently released minutes of its latest meeting, and one of the topics they discussed was stablecoins,...