Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues.
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Category: Ethereum News
Circle prefers reserves and payment rails with the Fed, says exec
Circle’s APAC Vice President said that the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed, […]
Australian senator introduces private bill to expedite crypto regulation
Senator Andrew Bragg has introduced a bill proposing regulatory standards for the cryptocurrency industry in Australia.
EU lawmakers push for stricter rules on anonymous crypto transfers
The legislation was one of several laws designed to combat money laundering and terrorist financing, receiving 99 votes in favor, eight votes against and six […]
Russia delays digital ruble launch testing due to lawmaking process
The participating banks expressed their readiness to proceed with the CBDC pilot.
Signature’s crypto clients told to close their accounts by April 5: Report
Any crypto deposits not transferred to another bank by April 5 will be liquidated and a check mailed to the client’s address.
Here’s why CFTC suing Binance is a bigger deal than an SEC enforcement
Market observers pointed out that the CFTC goes after bigger fish, and its regulatory action often proves fatal for crypto companies.
Elizabeth Warren is pushing the Senate to ban your crypto wallet
Elizabeth Warren is back with an Anti-Money Laundering act that would — among other things — make it mostly illegal for you to use your […]
North Korean hackers using stolen crypto to mine more crypto via cloud services: Report
Cybersecurity firm Mandiant has “graduated” a new group of hackers who finance state goals and their own existence with the help of crypto laundering.
Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing
It all started with FTX, FDIC head Martin Gruenberg said; he emphasized that the American banking system remains sound.