Tag: stablecoins
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UK dilutes stablecoin capital requirement in final crypto rulebook
LONDON, June 30 : Britain’s financial regulator said on Tuesday it would reduce its planned capital requirements for stablecoin issuers after industry pushback, as it unveiled regulations to bring the cryptoasset sector fully within its remit for the first time. Policymakers around the world are under pressu
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Bank of England softens stablecoin rules in final policy draft
LONDON, June 22 : The Bank of England on Monday eased proposed stablecoin rules following widespread concern they risked stifling development of a nascent sterling-backed market, though some in the industry said the changes fell short of enabling an internationally competitive sector. The BoE, which is final
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Stablecoins gain in Nigeria for cross-border transfers, IMF says
LAGOS, June 16 : Nigerians are increasingly turning to U.S. dollar-pegged digital tokens, or stablecoins, to move money across borders, as households and small businesses seek cheaper and faster alternatives to traditional channels, the IMF said on Tuesday. The Fund said what began as a niche crypto use ha
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Japan’s largest banks to jointly issue stablecoins by March 2027
TOKYO, June 10 : Japan’s three largest banks said on Wednesday they will jointly issue stablecoins during the current fiscal year ending in March 2027, a sign of growing momentum for digital payments in a country where cash and credit cards remain popular.The banking arms of Japan’s three largest financial gr
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