Review By FASB Crypto Won’t Accept Certain Stablecoin
The accounting standards body explained what kinds of crypto assets would be covered by a rule that will soon be made about companies and their digital assets. The Financial Accounting Standards Board (FASB) is leaving out non-fungible tokens (NFT) and some stablecoins from its review of how cryptocurrencies should be accounted for, according to a […]
Digital Asset Set To Be Explored By Australian Research
Stephen Jones, who is the Assistant Treasurer and Minister for Financial Services, started the digital asset program at the Australian Securities Exchange on Monday. Twenty-five of Australia’s most important institutions has joined forces to start a research program that will take advantage of the opportunities that come with the digital asset. The Digital Finance Cooperative […]
Singapore’s Central Bank To Impose Crypto Sanctions
The head of Singapore’s Central Bank says that this approach is “synergistic” and that price speculation is the cause of the problems in the crypto world. Ravi Menon, managing director of Singapore’s Central Bank, said that the bank wants to promote a digital asset ecosystem while putting limits on crypto speculation (MAS). Menon said in […]
Blockchain Startup Targets Massive Diamond Investment
Diamond Standard thinks that putting diamonds on a blockchain will make investing in precious stones easier and more efficient. A software business owner who was one of the first to do so thinks that his blockchain company, which has been around for almost five years, has found a way to let more investors into the […]
New Stablecoin Rules Enter UK Crypto Industry
A proposed bill could give U.K. regulators more control over crypto assets like stablecoin that are used for payments, but it’s not clear yet how the rules will be interpreted. Most crypto supporters in the U.K. are happy about a new bill that could include digital assets like stablecoin in the rules that govern local […]