Regulations
Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says
The key legislation that could open a path for stablecoin rules isn’t expected to stick to regulators’ recommendation to insist only banks put out tokens.
Australian Central Bank Chief Believes Regulated Private Tokens Could Be Better Than CBDCs: Report
Governor Philip Lowe spoke at a panel discussion at the G20 finance officials' meeting in Indonesia on Sunday.
Indian Finance Minister Echoes Central Bank's Crypto Ban Call but Says Global Collaboration Is Required
Finance Minister Nirmala Sitharaman made her comment in answer to a series of written questions from a member of parliament about cryptocurrency legislation.
5ire Raises $100M to Fund Expansion of Sustainable Blockchain
The company will use what it calls a Proof-of-Benefit mechanism, saying it is the only sustainability-focused blockchain unicorn in the world.
India's Crypto Industry Advocacy Body Disbanded
The Blockchain and Crypto Assets Council was the country's only crypto lobbyist group.
Former Crypto Adviser Michael Barr Confirmed as Top US Financial Watchdog
The Senate approved the appointment of Barr, an ex-Ripple adviser who served in Obama’s Treasury Dept., as the Fed’s new vice chair for supervision.
South African Central Bank to Look at Regulating Crypto
The country may also issue a central bank digital currency.
Kazakh Crypto Mining Tax Hike Signed Into Law by President Tokayev
The tax rate will depend on electricity usage, average electricity price and power source.
International Standard Setters Publish Guidance on Stablecoin Regulations
The two groups recommend that stablecoins be treated the same as other assets that perform a transfer function.
US Treasury Opens Door for Public Comments on Biden’s Crypto Order
The U.S. agency will accept comment letters by Aug. 8 on the president’s March order to establish a regulatory regime for crypto.
