Regulations


Policy

BIS Researchers Say Stablecoins Are Failing to Live Up to Promise

For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.

Thumbs down (Markus Spiske / Unsplash)

Policy

UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says

The Financial Conduct Authority on Monday published a discussion paper with proposals for a stablecoin regime.

Matthew Long, director of payments and digital assets at the FCA. (FCA)

Policy

EU Banking Watchdog Seeks Feedback on Draft Liquidity, Capital Rules for Stablecoin Issuers

Consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority said.

European regulators will focus more on banks' exposure to crypto-linked entities. (Christian Lue/Unsplash)

Policy

Swiss Crypto Bank SEBA Wins Hong Kong License

The bank's Hong Kong unit can now deal in and distribute securities, including products related to virtual assets related.

SEBA Bank lobby

Policy

CBDCs Are 'Central' to Innovating Financial Systems, BIS Chief Says

Central banks will have a limited role to play relative to the private sector in CBDC issuance, BIS general manager Agustín Carstens said.

Agustin Carstens (Horacio Villalobos / Getty Images)

Policy

Crypto's Bromance With U.S. CFTC May Be One-Sided

The industry's open preference for the CFTC over the SEC has been answered with record enforcement actions showing the CFTC's enthusiasm for punishing crypto wrongdoing.

Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (Jesse Hamilton/CoinDesk)

Policy

U.S. Consumer Finance Watchdog Wants to Oversee Major Tech, Some Crypto Payments

A proposed rule would let the CFPB supervise nonbank payment providers and transactions between people, including some crypto transactions.

CFPB office in Washington, D.C. (Nikhilesh De/CoinDesk)

Policy

How the Crypto Industry Responded to the IRS Proposed Broker Rule

Some people are concerned about privacy. Some about data. And some about…Richard Heart?

U.S. Treasury Building (Nikhilesh De/CoinDesk)

Policy

U.S. Banking Watchdog Hsu Says Tokenization Promising, But Crypto Full of Fraud

Michael Hsu, the acting chief of the U.S Office of the Comptroller of the Currency that oversees banks, is excited about the possibilities of tokenization to solve settlement problems.

Michael Hsu (Jesse Hamilton/CoinDesk)

Policy

U.S. Federal Reserve's Barr Holds Line on Central Bank Needing Stablecoin Powers

Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation.

Fed Vice Chair for Supervision Michael Barr (Jesse Hamilton/CoinDesk)