cryptocurrency 3 1000x600 3 Revelations about cryptocurrency regulations around the world

Revelations about cryptocurrency regulations around the world

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-The Bank for International Settlements Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have published guidance that stablecoins should be required to follow all existing international payment, clearing and settlement standards.
-The guidance is a major step forward in applying same risk, same regulation principles to systemically important stablecoin arrangements.
-The guidance comes a month after the implosion of the Terra/LUNA stablecoin ecosystem.
-The guidance calls for stablecoins to be made interoperable.
-The guidance comes on the heels of the European Parliament and European Commissions agreement that the EUs landmark Markets in Crypto Assets (MiCA) regulation bill that added a last-minute agreement that would limit large stablecoins to no more than 200 million in transactions per day.
-On Monday (July 11), the European Central Bank (ECB) issued several reports warning that financial stability risks stemming from crypto-assets are rising and called for the urgent implementation of appropriate regulatory, supervisory and oversight frameworks.
-Also on Monday, the U.S. Financial Stability Board promised that it would propose a set of broad crypto-asset regulations by October.
-Treasury Secretary Janet Yellin published a report on July 7 calling for the U.S. to engage more actively with other countries in writing complementary and compatible crypto regulations.

cryptocurrency 3 Revelations about cryptocurrency regulations around the world
Revelations about cryptocurrency regulations around the world 3

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