Global Watchdog FSB To Address Stablecoin-Related Risks With Surveillance Ove...
Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system, has reportedly vowed to address the evolving threats from private finance and the growing use of stablecoins. Related Reading: Bitcoin Meets Rock ‘N Roll: Decoding Michael Saylor’s “Don’t Stop Believin’” Tweet Global Watchdog Plans Surveillance Overhaul On Monday, […]
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California’s Governor recently approved a law to include crypto assets in the state’s Unclaimed Property Law (UPL) to preserve unclaimed digital assets in their original form and prevent automatic liquidation or cash conversions. Related Reading: Global Watchdog FSB To Address Stablecoin-Related Risks With Surveillance Overhaul – Report California To Protect Unclaimed Crypto Assets California Governor […]
The Financial Action Task Force (FATF) has released updated draft crypto guidelines. A review of the changes highlights recommendations to increase the mass surveillance of users. The greatest fear of regulatory overreach is that it will stifle innovation and deter privacy-conscious investors from participating. Crypto Under The Spotlight FATF is a global financial watchdog that […]
The US is reportedly pushing global regulators to amend bank crypto standards to address the regulatory shift of the past few years and the industry’s developments, including the recent push for stablecoin adoption. Related Reading: Coinbase CPO Challenges Banks’ Stablecoins Concerns, Says Narrative ‘Ignores Reality’ Global Regulators To Review Crypto Standards On Friday, Bloomberg affirmed […]
Campaign for Accountability (CfA), a non-profit ethics watchdog organization, has written a letter to popular anti-crypto US senators Elizabeth Warren and Sherrod Brown, alerting them to possible links of Circle, the USD Coin (USDC) stablecoin issuer, to terrorist financing activities. Related Reading: Circle Reportedly Considers 2024 IPO With Support From BlackRock Circle Compromised By Integration […]
The recent passage of the GENIUS Act, which marks the first stablecoin legislation in the United States, has sparked considerable interest among crypto investors. However, leading banking associations across the country have raised alarms about potential vulnerabilities in the law that could pose risks to the financial system. Alleged Risks In New Stablecoin Legislation In […]