Tag: stablecoins
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Congress proposes removal of widely used Bitcoin tax loophole and giving it to regulated stablecoins
Congress has introduced the Digital Asset PARITY Act, a bipartisan discussion draft introduced by Reps. Steven Horsford and Max Miller, who would rewrite...
Tether seeks first full audit as new financial rails risk leaving some stablecoins behind
For years, the shortest line of attack against Tether was the demand for a full independent audit.The audit never came, and the company...
Stablecoins just lost key battle as insurance protection to be reserved only for bank-issued tokens
The stablecoin debate in Washington is increasingly becoming a fight over a single question: who gets to keep deposit insurance on-chain?FDIC Chair Travis...
Bank of England Comes Around on Stablecoins
The Bank of England’s (BOE) position on stablecoins is evolving to a more friendly stance, but according to the bank’s deputy governor, constructive...
ECB Flags Stablecoins as a Growing Risk to Bank Lending
The European Central Bank said increasing stablecoin use may pull money out of bank deposits and weaken the way monetary policy flows through...
