‘Cryptocurrencies Have Failed the Test of Digital Money,’ MAS’ Managing Director Says
Ravi Menon, the Managing Director of the Monetary Authority of Singapore, said crypto has performed poorly as a medium of exchange or store of value.
Stablecoin
Crypto Tax Proposal Open for Revision, IRS Officials’ Questions Suggest
Federal officials heard Monday from the industry on the mayhem the U.S. crypto tax proposal could cause, but the most valuable revelations may have been what they asked about.
Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog
Existing stablecoins aren’t fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said.
How Japan Is Leading the Race to Regulate Stablecoins
Japan’s new law tries to address one of the biggest fears about major stablecoins: Do issuers really have the assets to back them?
Crypto Long & Short: A Giant Awakens
“While it’s still winter, we have been swimming … getting our hands dirty for the long run,” said DBS’ head of digital assets, Evy Theunis.
Circle’s Euro-Pegged Stablecoin Is Now Available on Stellar Network
Stellar is the third blockchain available to send and receive Circle’s euro-pegged stablecoin after Ethereum and Avalanche.
Binance Warns of Multiple Stablecoin Delisting As Lawyers Puzzle Over EU’s MiCA
The EU’s landmark Markets in Crypto Assets law, MiCA, takes effect next year, but it’s not clear how it will apply to foreign or decentralized issuers
Tether Co-Founder Sizes Up PayPal’s Stablecoin Ambitions
Tether pioneer William Quigley, who was also an early investor in PayPal, said he doubts the payments giant will bring much innovation to the stablecoin space.