The Bank of Russia is exploring the possibility of legalizing stablecoins for cross-border transactions, a move that could provide alternative trading avenues amid ongoing economic sanctions. Alexei Guznov, deputy governor of the central bank, revealed this development in an interview with the state newspaper Izvestia. Guznov explained that discussions and ...
A recent report from blockchain research firm Chainalysis has suggested that the United States government's regulatory influence over the stablecoin market is waning. The study, published on October 23, revealed that a substantial portion of stablecoin activity now occurs through entities that are not licensed in the United States. Chainalysis ...
The Monetary Authority of Singapore has released the final draft of its regulatory framework for stablecoins. The updated framework, published on August 15, 2023, targets stablecoins pegged to the Singapore dollar or any major G10 currencies such as the Euro, British Pound, and United States Dollar. Central to the framework ...
Representative Patrick McHenry, the chairman of the U.S. House Financial Services Committee, has released the third version of the stablecoin legislation titled "The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem." This latest version of the bill, which incorporates specific suggestions from bipartisan committee members, was published ...
On May 10, 2023, Latrice Walker, a Democrat in the New York State Legislature, introduced a bill with partisan support that aims to include stablecoins pegged to the US dollar as a recognized form of payment for bail bonds. The proposed bill seeks to expand the options for payment methods ...
