Binance Warns of Multiple Stablecoin Delisting as Lawyers Puzzle Over EU’s MiCA
The EU’s landmark Markets in Crypto Assets law, MiCA, takes effect next year, but it’s not clear how it will apply to foreign or decentralized issuers
Stablecoin
Singapore’s Central Bank Releases Stablecoin Regulatory Framework
The central bank’s framework will apply to single-currency stablecoins pegged to the Singaporean dollar or any G10 currency. Issuers of such stablecoins seeking regulation in Singapore must meet certain requirements related to value stability, capital and redemption capitals. The Monetary Authority of Singapore (MAS) has unveiled its framework for regulating stablecoins following a public consultation … Read more
PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America
The launch of PayPal’s (PYPL) stablecoin PayPal USD (PYUSD) will drive payments efficiencies and an improved customer experience, but adoption of the cryptocurrency is unlikely to be significant in the near term, Bank of America said in a research report on Thursday. “Over the longer term, we expect PYUSD to experience additional adoption headwinds as … Read more