South Korea has introduced a bill to legalize stablecoins and attract digital asset companies in the country. President Lee Jae-myung’s Democratic party introduced the proposal which outlines a formal regulation system for stablecoin issuance. Meanwhile, the United States is uncertain about the GENIUS Act, which has made it to trail behind others. South Korea Introduces […]
stablecoin regulation
CLARITY Act: U.S. Takes Bold Step Toward Digital Asset Regulation
The introduction of the Digital Asset Market Clarity Act or CLARITY Act will help the U.S. to create clearer rules for digital assets. This bill aims to define the roles of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in digital assets regulation. The main aim is to create […]
U.S Rep Tom Emmer Introduces Blockchain Bill to Protect Developers
The Blockchain Regulatory Certainty Act (BRCA) has been reintroduced in Congress to protect digital asset developers. The bipartisan effort is led by Representatives Tom Emmer and Ritchie Torres, who are both part of the Congressional Crypto Caucus. The bill clarifies that developers who do not manage customer funds are not considered money transmitters. The BRCA […]
Brazil Takes Bold Lead in Crypto Regulation with Strict Stablecoin Rules
Brazil has acted fast to put strict regulations on stablecoin transfers, which positions it ahead of the United States. The Central Bank of Brazil created a new set of regulations to secure the country’s crypto sector. The new regulations restrict stablecoin transfers, especially those backed in foreign currencies to protect consumers and reduce risks. As […]
Senate Halts Landmark Stablecoin Regulation Bill as Tensions Over Trump Crypto Ties Escalate
The U.S. Senate rejected the move to advance the GENIUS Act, a bill that would regulate the stablecoin market. The bill, which intended to establish a framework for the $246 billion industry, failed to acquire the 60-vote threshold to move forward after senators voted 48-49. This is a major blow to crypto regulation efforts amid […]
Stablecoin Showdown: Crypto Bill Faces Collapse as Senate Democrats Withdraw Support
U.S. stablecoin regulation nears collapse as Senate Democrats withdraw support, demanding tougher AML rules and financial safeguards.
Bank of America CEO Confirms Plans for USD-Pegged Stablecoin If Regulations Permit
Bank of America plans to launch a USD-pegged stablecoin if U.S. regulations permit, as CEO Brian Moynihan confirms the bank’s readiness to enter crypto.
Stablecoin bill to enshrine investor protection: Japan
Last month’s collapse of the TerraUSD token thrust stablecoins into the worldwide spotlight, and Japan became one of the first large economies to build a legal framework around them. With these move, Japan is no longer just the land of rising sun, it is also the land of rising cryptocurrency regulations. On Friday, Japan’s parliament […]