FINMA Issues Guidance on Stablecoin Risks
The Swiss regulator FINMA advises stablecoin issuers to verify the identity of all holders of fiat-linked digital tokens. The Swiss Financial Market Supervisory Authority has released new guidelines that address the risks and difficulties related to stablecoins for issuers and banks offering guarantees. The regulator emphasized in the guidance released on July 26 that stablecoin […]
Hong Kong Legislator Criticizes HKMA Stablecoin Sandbox Transparency
Hong Kong legislator expresses concerns about the transparency of the HKMA stablecoin sandbox program, questioning the procedure and timing for official licensing. Hong Kong’s ambitious effort to become a global hub for virtual assets and Web3 technologies has encountered a stumbling block, with concerns raised over the transparency of its regulatory sandbox for stablecoin issuers. […]
Standard Chartered, Animoca Join HKMA’s Stablecoin Sandbox
HKMA announces five new participants in its stablecoin sandbox, including Standard Chartered, Animoca Brands, Jingdong Coinlink, RD InnoTech, and HKT. Five new participants have been announced by the Hong Kong Monetary Authority (HKMA) in its stablecoin sandbox, including Animoca Brands and Standard Chartered (Hong Kong). Jingdong Coinlink Technology Hong Kong, RD InnoTech, and Hong Kong […]
HKMA Reveals Fiat-Pegged Stablecoin Updated Regulations
The Hong Kong Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB) have issued updated regulations for fiat-pegged stablecoins. Hong Kong has made a significant stride toward the establishment of a comprehensive framework for fiat-pegged stablecoins. The Financial Services and Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have jointly disclosed […]
Cardano Set to Launch USDA Stablecoin Under New Ownership
Cardano’s USDA stablecoin launch has reached new heights under new ownership, as the global drive toward the stablecoin sector has further amplified the buzz surrounding the development. The USDA stablecoin is forthcoming under new stewardship, according to a recent announcement from the founding entity of Cardano, EMURGO. As per the update, Encryptus, a seasoned crypto […]