g7 crypto regulations 1000x600 1 Will Global Stablecoin Crackdown Spoil the Party?

Will Global Stablecoin Crackdown Spoil the Party?

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– The stablecoin collapse has already started to have repercussions in the form of regulation throughout the world
– The Basel Committee on Banking Supervision is taking another run at a proposal that would require banks to hold $1 in capital for each $1 worth of crypto they hold
– The UK is proposing giving its financial regulators the ability to appoint financial overseers if a stablecoin becomes insolvent
– South Korea is taking a far tougher approach to the collapsed stablecoin, with prosecutors announcing plans to interview all Terraform employees
– Commissioner Caroline Pham of the Commodity Futures Trading Commission believes that the incident highlights the need to extend the regulatory perimeter around newer, novel products
– The US Senators Set to Unveil Crypto Bill would give the CFTC a fair bit of the control the Securities and Exchange Commission (SEC) wants and believes it already has
– Feds Vice Chair Lael Brainard told Congress that preventing the disintermediation of banks would be a key design feature of any digital dollar
– India said it is about ready to publish a paper looking at its crypto policy, but new comment by a Finance Ministry official suggesting that India might still be looking at a full ban worried some
– In Paraguay, a bill establishing a legal framework for trading and mining crypto moved one step closer to passage
– Binance is slowly turning around its 2021 regulatory annus horribilis, with a license from French authorities and an Italian Cryptocurrency Service Provider license

 

 

g7 crypto regulations Will Global Stablecoin Crackdown Spoil the Party?
Will Global Stablecoin Crackdown Spoil the Party? 3

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