Hong Kong to Introduce a New Stablecoin Legislative Framework
A licensing regime for stablecoin issuers has been announced by Hong Kong’s financial authorities as part of the region’s legislative proposal to regulate the industry.
A licensing regime for stablecoin issuers has been announced by Hong Kong’s financial authorities as part of the region’s legislative proposal to regulate the industry.
The Monetary Authority of Singapore (MAS) has granted full regulatory approval to Paxos International, a blockchain and tokenization platform.
Circle has declared its compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework, making it the first global issuer of stablecoins to do so.
Tether has launched a novel payment method for citizens of the Philippines, allowing them to utilize their stablecoin, USDT, to pay for their social security system (SSS) contributions.
Willemstad, Curaçao, Netherlands, 1st July 2024, Chainwire
European users of the cryptocurrency exchange Uphold have received a notice stating that starting July 1, the platform will no longer support six popular stablecoins.
According to a report by Bloomberg on Tuesday, chief executive officer of stablecoin developer Tether, Paolo Ardoino, has revealed that their investment arm plans to make deals worth $1 billion in the next year.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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