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Cryptocoins News / The Cointelegraph ​ - 2 years ago

Hong Kong and the US aim for stablecoin regulations by 2024

The U.S. is currently working on stablecoin market regulations, introducing three drafts of the bill by the first week of June. The Hong Kong Monetary Authority (HKMA)...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Hong Kong and US aim for stablecoin regulations by 2024

The U.S. is currently working on stablecoin market regulations, introducing three drafts of the bill by the first week of June. The Hong Kong Monetary Authority (HKMA)...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

US House committee releases new stablecoin bill draft

The draft bill is set to go before the House committee for discussion on June 13 and, if approved, could become the first example of crypto legislation in the United States....

Bitcoin News / Bitcoin.com - 2 years ago

Binance Records Significant Outflows of BTC, ETH, and Stablecoins Exceeding $1.45 Billion

Binance, the world’s largest cryptocurrency exchange by trade volume, saw significant outflows of bitcoin, ethereum, and stablecoins starting on June 3, 2023, according to data from cryptoquant.com. In the past 68 hours, Binance has seen bitco...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point

On-chain data from Glassnode shows market participants averting risk and seeking shelter in stablecoins and BTC as the crypto market nears a decisive move. On-chain an...

Bitcoin News / Bitcoin.com - 2 years ago

Japanese Banking Giant MUFG to Deploy Stablecoins on Public Blockchains

Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, announced its plans to deploy and distribute bank-backed stablecoins on different public blockchains. The Japanese bank has partnered with Datachain, a blockchain interoperability comp...

Bitcoin News / Bitcoin.com - 2 years ago

Dollar-Based Stablecoins to Strengthen Greenback, CZ Says, Thinks DeSantis ‘Is Great’

The regulatory environment in the U.S. doesn’t look good for crypto but the United States has the potential to lead again, according to Binance CEO Changpeng Zhao (CZ). The founder of the world’s largest digital asset exchange is convinced stablecoin...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

MUFG to facilitate Japanese bank-backed stablecoins via Progmat Coin platform

Mitsubishi UFJ Financial Group hasn’t revealed what firms will be the first to utilize its platform; however, a handful of banks have reportedly opted for a separate stablecoin solution....

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Stablecoins are a critical countermeasure to Operation Chokepoint

Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines. Boosting...

Bitcoin News / Bitcoin.com - 2 years ago

USDC Goes L2: Circle’s Stablecoin to Make Its Native Debut on Arbitrum

Stablecoin provider, Circle Internet Financial, has revealed that its dollar-pegged token, USDC, will be natively introduced on the layer two (L2) blockchain Arbitrum on June 8. The announcement follows Circle’s disclosure of its euro-pegged co...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Yuan stablecoin team arrested, WeChat’s new Bitcoin prices, HK crypto rules: Asia Express

Chinese RMB stablecoin issuer’s Shanghai office reportedly deserted after police raid, and WeChat offers Bitcoin prices — but for how long? Yuan stablecoin team report...