Stablecoins Receive Queen’s Blessings As UK Braces For Landmark Crypto Legisl...
Prince Charles spoke on behalf of the Queen of England (citing health reasons) at the House of Lords last week, outlining her government’s legislative priorities and listing the measures it intends to present to members of parliament. One of the emphasis was on cryptocurrencies during the Queen’s annual address to the British Parliament, as the […]
Related News
In a landmark victory for the crypto industry, the US House Financial Services Committee has achieved a landmark victory by advancing a bipartisan bill aimed at establishing a regulatory framework for Bitcoin and cryptocurrencies yesterday. The bill’s passage marks Capitol Hill’s efforts to codify federal oversight for the digital asset industry, providing much-needed clarity and […]
As a part of the global trend of stablecoins carving out its niche, the Canadian Securities Administrators (CSA), the watchdog organization overseeing Canada’s provincial and territorial securities regulators, has stepped in with new guidelines to provide clarity on the trading and issuance of stablecoins within its borders. Among numerous assets holding different characteristics and utilities, in […]
British regulators intend to amplify the enforcement of crypto and make stablecoins a payment method. In April, the United Kingdom’s Economic and Finance Ministry, also known as Her Majesty’s Treasury, announced its intention to put the United Kingdom at the forefront of technology by bringing stablecoins under the country’s payments regulation — a bold move that looks especially intriguing in contrast to the recent shock, caused by TerraUSD’s (UST) depegging. Later, in May, during the annual Queen’s Speech, Prince Charles informed the Parliament about two bills that will support “the safe....
“Europe’s upcoming crypto-assets policy framework will be to crypto what GDPR was to privacy,” says Circle chief strategy officer Dante Disparte. Officials from the European Union (EU) have agreed on a landmark law that will make life tougher for crypto issuers and service providers under a new single regulatory framework. Stefan Berger, European Parliament member and rapporteur for the MiCA regulation — the person appointed to report on proceedings related to the bill — broke the news on Twitter saying that a “balanced” deal had been struck, which has made the EU the first continent with....
Are algorithmic stablecoins trying to clone the intrinsic qualities of fiat money or dollar; like security? The recent craze over algorithmic stablecoins has stirred mixed reactions from the crypto community. For crying out loud, it has been an emotional contagion for crypto enthusiasts everywhere. So, is it overkill? Are algorithmic stablecoins too ambitious? Suggested Reading […]