The Senate has passed the GENIUS Act by a vote of 68-30, marking a significant step toward regulating cryptocurrencies, particularly stablecoins. This bill aims to establish a regulatory framework for the burgeoning digital currency market, offering consumer safeguards and paving the way for traditional financial firms to enter the space....
Under the leadership of founder Richard Liu, JD.com is moving to offer stablecoin services around the planet. The tech giant hopes to improve cross-border payments with the effort. UK institutional investors are preparing to pour billions into crypto exchange-traded products. This is a particularly exciting development in that it represents...
The Senate has passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, also known as the GENIUS Act, a bill designed to regulate stablecoins. This kind of cryptocurrency is usually backed one-to-one by the U.S. dollar. Among the bill’s many provisions are efforts to set up guardrails and...
The West needs to lose that view of superiority when it comes to crypto regulation. Does an “all of the above” blanket approach ever cut it, particularly for Southeast Asia’s colorful, evolving, expanding creative economies? I don't think so. In fact, I know it doesn't. If we are serious about...
As global competition in the world of stablecoins continues to intensify, so too does the regulatory landscape. Head on over to DeliciousNFT.com to dig into this tasty comparison of regulations in the UK, EU, US, and Hong Kong. Prepare to nerd out with us on the details! For stablecoin projects...
Stablecoins are quickly becoming one of the most used digital assets around the globe, thanks to their peg to traditional currencies. This exponential growth is leading regulators to develop frameworks for their regulation. Hong Kong took a big step forward with the passage of its Stablecoins Bill on May 21,...
MiCA. It sounds innocuous, doesn't it? Like a friendly European cat. When it comes to stablecoins, the EU’s Markets in Crypto-assets Regulation is anything but cuddly. Consumer protection in reality, it’s turning into a global power grab.MiCA's Reach Exceeds Its Grasp?MiCA's ambition is breathtaking. It seeks to set ground rules...
I've been deeply involved in expanding blockchain access in Southeast Asia, and South Korea's new stablecoin law isn't just another piece of legislation. It's a potential rocket booster for artists across the region. Cut through the jargon and let’s focus on how this will improve and save lives.Art Sales Get...
South Korea's diving headfirst into the stablecoin pool with its "Digital Asset Basic Act," and while the pro-crypto sentiment is refreshing, I can't shake the feeling that they're prioritising control over innovation. Color me cynical, but history has shown that governments don’t tend to give up power — particularly when...
With its proposed Digital Assets Framework, South Korea is taking audacious steps to position itself in the global digital finance infrastructure. By being the first nation to legally recognize and adopt won-pegged stablecoins, the nation is set to dramatically change its financial landscape. At the helm of this movement is...
