Taiwan Eyes First Stablecoin Debut In 2026 As Regulatory Framework Advances
As the sector continues to gain global momentum, Taiwanese authorities have announced that a locally issued stablecoin could be launched next year, pending the imminent approval of the country’s regulatory crypto framework and related legislation. Related Reading: Poland’s President Vetoes Crypto Market Bill Due To ‘Overregulation’ Concerns First Local Stablecoin To Debut Next Year On […]
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Swedish fintech firm Klarna has entered the cryptocurrency space with the announcement of a USD stablecoin, set to roll out in 2026. Klarna To Launch Stablecoin On Tempo Blockchain As announced in a press release, Klarna has launched its stablecoin on Tempo’s testnet. The stablecoin, called KlarnaUSD, is backed one-to-one by the US Dollar, and […]
Chip designer Alchip Technologies is to debut on the Taiwan Stock Exchange next Tuesday, 28th October. The Taiwan-based firm, which is known for its bitcoin-mining ASICs, is already a public company and is currently listed on the Taiwan Emergent Market under the stock ticker number 3661. Although the public offering will bring additional reporting requirements, the move will open the company up to institutional and private investors and also bring a boost to its profile within the industry. At a time when many bitcoin hardware manufacturers are struggling and facing numerous challenges,....
On 3/25/14, a Lamassu Bitcoin ATM was revealed in Taipei, Taiwan at the Gelateria Cosi o Cosi ice cream shop. The Gelateria is the first official place to spend Bitcoins in Taiwan and it is fitting that Taiwan's first Bitcoin ATM should end up there. The presence of this Bitcoin ATM flies in the face of Taiwanese government official Tseng Ming-Chung, who earlier this year said: ...it is impossible for a bitcoin ATM to come to or appear in Taiwan." Taiwan's first Lamassu Bitcoin ATM being prepped for its debut. Taiwanese Government Opposition To Bitcoin ATMs. At the beginning of 2014,....
As the South Korean crypto industry awaits the highly anticipated regulatory framework, digital assets custodian BDACS and financial giant Woori Bank have partnered to launch the first stablecoin pegged to the Korean Won (KRW) on the Avalanche blockchain. Related Reading: US House Pushes To Combine Anti-CBDC And Crypto Market Structure Bills First Won-Pegged Stablecoin Launched […]
The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. Commissioner Hester Peirce — also known as the Securities and Exchange Commission’s (SECs) “crypto mom” — has backed a regulatory framework for stablecoins that allows "room for there to be failure."Speaking at an online panel on May 12 hosted by financial think-tank the Official Monetary and Financial Institutions Forum (OMFIF) Peirce, who has long been an advocate for crypto, was asked to shed light on the actions being taken by U.S.....