Michael Barr: The Fed Needs Authority Over Stablecoin Issuers
Michael Barr, vice chairman of supervision at the US Federal Reserve, has said the Fed needs to regulate and enforce the law on stablecoin issuers.
Taiwan Proposes a Crypto Bill
Today, Taiwan officially presented a proposed draft crypto act for its first reading at the Legislative Yuan, Taiwan’s parliament.
IMF Wants to Create Framework to Assess Crypto-related Risks
A recently released paper by the International Monetary Fund (IMF) suggests a comprehensive framework for understanding and monitoring systemic risks associated with crypto assets.
Coinbase Gets Licensed in Singapore
The Monetary Authority of Singapore has awarded the company with a Major Payment Institution license, following an in-principle approval given last year.
SEC Postpones its Decision on Sevetal Bitcoin ETFs
The SEC has pushed back its ruling on multiple Bitcoin spot ETF proposals from ARK Invest and 21Shares to January 10, 2024.
EU Says Non-EU Countries Should Implement Stricter Crypto Regulation
According to a report by the European Parliamentary Research Service (EPRS), countries outside the Schengen area should strengthen their oversight of the cryptocurrency industry.
UK’s FCA Warns Unregistered Crypto Firms About Lack of Engagement
The UK’s Financial Conduct Authority has issued a warning to unregistered cryptocurrency firms for their lack of interaction with the regulator in preparation for the new financial promotions regime.
