Tether (USDT) becomes Myanmar shadow government’s official currency
After starting a campaign to overturn the military regime, Aung San Suu Kyi’s followers created a parallel government that recognized Tether as official money. Following the onset of fundraising for a campaign to overthrow Myanmar ‘s military regime, a parallel government led by supporters of ousted leader Aung San Suu Kyi recognized Tether as an […]
Japan’s Financial regulator to propose restriction of stablecoins
According to Nikkei Asia, Japan is considering new regulations that will enable only banks and wire transfer firms to create stablecoins. The Financial Services Agency (FSA), Japan’s primary financial regulator, is apparently considering legislation that would limit stablecoin supply to banks and wire transfer providers. Crypto service providers engaging in stablecoin transactions, such as wallets, […]