Stablecoin Reserves Need to Be Diverse, EU Bank Agency Chief Says

U.K. regulators published plans to regulate stablecoins on Monday.The FCA, which will oversee stablecoin issuers alongside the Bank of England, is setting tough standards for firms, an official told CoinDesk.The U.K.’s financial watchdog won’t deviate from its usual tough stance on crypto when regulating stablecoins under proposed rules, an official told CoinDesk."Ultimately, we'll set the

Decentralized crypto exchange Mango Markets has already weathered a debilitating multimillion-dollar hack and the expensive regulatory investigations it spawned. The group may soon take another blow: a six-figure settlement with the Commodity Futures Trading Commission (CFTC). The crypto derivatives trading hub faces CFTC charges for allegedly failing to register as a commodities exchange, for illegally

Sep 30, 2020 at 22:22 UTCUpdated Sep 30, 2020 at 22:23 UTCThe MakerDAO community has voted to add support for a trio of new tokens for the decentralized finance (DeFi) loans that generate DAI stablecoins.Vaults are now open for deposits of Chainlink’s LINK, Loopring’s LRC and Compound’s COMP. Community members pitched proposals to add the…

news Venezuela has issued new rules for crypto service providers in the country, including exchange platforms and miners. The country’s Ministry of Popular Power for Communication and Information (MIPPCI) published an official gazette last week that included the “Constituent Decree on the Integral System of Crypto Assets.” The publication in effect activated a new regulatory…

Nov 12, 2020 at 5:14 p.m. UTCUpdated Nov 12, 2020 at 5:31 p.m. UTCPayPal Removes Waitlist for New Crypto Service, Boosts Weekly Purchase Limit to $20KAll eligible PayPal account holders in the U.S. can now buy, hold and sell cryptocurrency, the company announced Thursday.The publicly traded payments giant confirmed its crypto plans in a Oct.…

The U.K.’s financial watchdog is promising more restrictions on authorized crypto firms if they aren’t careful with ads – including making sure risk warnings are in a legible font.The Financial Conduct Authority (FCA) expanded its alert list for non-compliant firms, adding a whopping 221 companies since a new marketing regime took effect on Oct. 8.

Crypto investments issuer BarnBridge DAO and its founders agreed to pay $1.7 million to settle allegations from the Securities and Exchange Commission (SEC) that it offered illegal crypto securities to U.S. investors.The Ethereum-based crypto project will shut down its structured crypto investment product, called SMART Yield, which BarnBridge had compared to "highly rated debt instruments."

There has been some optimism in the market about the approval of a spot ether (ETH) exchange-traded fund (ETF) by May 23 this year, which is the Securities and Exchange Commission’s (SEC) deadline for the Ark 21Shares application. Per JPMorgan (JPM), the probability of the SEC approving the same by May is no more than

The United Nations World Food Programme (WFP) is expanding its blockchain testing from refugee aid in the Middle East to supply chain management in Africa. Following the agency's well-publicized pilot of an ethereum-based system for cash transfers in Jordanian refugee camps – a project known as Building Blocks – it now plans to test blockchain…