Yellen to Assemble Regulators Over Stablecoin Concerns
Biden’s Treasury Secretary will convene a meeting of the President’s Working Group on Financial Markets next week.
Binance USD Stablecoin Market Cap Surpasses $10 Billion
Second U.S. Dollar Tether (USDT) rival joins 11-digit club: BUSD breaks into top 10
Why Fed Chair Jerome Powell wants a stablecoin crackdown: CNBC After Hours
CNBC.com’s Pippa Stevens brings you the day’s top business news headlines. On today’s show, CNBC.com’s MacKenzie Sigalos explains why The Fed wants tighter rules on certain cryptocurrencies.
Singapore and France Set To Trial Global Transactions Through CBDCs
Central banks of Singapore and France are developing a digital coin interoperability system that will support various global CBDCs. The Financial authorities of both countries are seriously exploring the CBDCs…
UAE central bank joins the CBDC race as it looks to launch its national digital currency.
The United Arab Emirates is looking to spearhead the march into a bold new world of central bank digital currencies (CBDCs). In a recently-launched roadmap, UAE’s central bank revealed its…
Crypto Market Cap Dips below $1.3 Trillion
Bitcoin is currently struggling near the price level of $32,000.
Cardano Announces Successful Upgrade To Alonzo White, Teases New Algorithmic Stablecoin
Input Output Hong Kong has announced that it has successfully completed the upgrade of its Alonzo testnet to the Alonzo White Network. The upgrade is part of the multi-phase upgrade…
PayPal Raises Weekly Cryptocurrency Purchase Limit to $100,000
The company is planning to enhance its crypto services in the future.
After U.S, Now Japan Calls for Strong Regulations of Stablecoins
In a fresh development, Japanese regulators are now stepping up efforts to regulate digital currencies, especially stablecoins. In exclusive coverage, Reuters reports that the Japanese government is closely watching the…
Fed Chair says stablecoins need stricter regulation, speaks on CBDC
He stated that stablecoins need stricter regulations if they are to be part of the payment universe.
