Tag: stablecoin

Senate Approves GENIUS Act, Setting Stage for Stablecoin Regulation Amidst Opposition

Senate Approves GENIUS Act, Setting Stage for Stablecoin Regulation Amidst Opposition

• Regulation

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....

Crypto Market Navigates Geopolitical Tensions, JD.com Eyes Stablecoin Expansion

Crypto Market Navigates Geopolitical Tensions, JD.com Eyes Stablecoin Expansion

• NFT Drops

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...

Senate Approves Stablecoin Regulations Amid Trump Conflict Concerns

Senate Approves Stablecoin Regulations Amid Trump Conflict Concerns

• Regulation

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...

Stablecoin Regulation: Why Asia's Creative Economy Needs Hong Kong's Approach

Stablecoin Regulation: Why Asia's Creative Economy Needs Hong Kong's Approach

• Commentary

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...

Stablecoin Showdown: UK vs. EU vs. US vs. HK Regulations Compared

Stablecoin Showdown: UK vs. EU vs. US vs. HK Regulations Compared

• Facts

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...

Global Stablecoin Regulations Aligning on Key Principles

Global Stablecoin Regulations Aligning on Key Principles

• Regulation

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,...

Stablecoin Regulation: The Shocking Truth About MiCA's Global Power Grab

Stablecoin Regulation: The Shocking Truth About MiCA's Global Power Grab

• Commentary

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...

5 Ways South Korea's Stablecoin Law Empowers Southeast Asian Artists

5 Ways South Korea's Stablecoin Law Empowers Southeast Asian Artists

• Commentary

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 Stablecoin Gamble: Is Central Bank Control Worth the Risk?

South Korea's Stablecoin Gamble: Is Central Bank Control Worth the Risk?

• Commentary

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...

South Korea's National Stablecoin: A New Era for Digital Payments?

South Korea's National Stablecoin: A New Era for Digital Payments?

• Facts

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...

Japan's "New Capitalism 2025" Plan Signals Regulatory Embrace of Bitcoin and Web3

Japan is strategically positioning itself as a global leader in digital innovation with its updated "New Capitalism 2025" plan, released on April 13. Taken together, this plan represents a major regulatory turning point event toward welcoming Bitcoin and Web3 technologies. The initiative aims to leverage digital assets to solve social...

Japan's Bitcoin Revolution: A Boon for Artists and Web3 Creators?

Is Japan on the verge of accidentally unleashing a tsunami of creative destruction and financial liberation onto the rest of the emerging markets? I know this seems like a tall order, but hear me out. Japan’s regulatory change to officially recognize Bitcoin as a financial product. This step is a...

5 Ways This Crypto Bill Empowers Southeast Asian Artists, Not Wall Street

Let’s be honest, when you hear about crypto regulation, your first thought probably isn't Southeast Asian artists finding new avenues for creative expression. Surely visions of Wall Street honchos and inscrutable derivatives dance in your head. Well, what if I told you that the Senate’s Banking Committee just released their...

Senate Republicans Forge Ahead on Crypto Market Structure Framework

Republican senators working on a new framework for digital assets legislation, riding the positive bipartisan wave in the Senate as of late. This announcement follows the Senate’s passage of a bill to regulate stablecoins last week. It was passing with overwhelming bipartisan support.Senators Tim Scott, Cynthia Lummis, Thom Tillis, and...

Crypto's 'Light-Touch' Regulation Gamble Will It Protect You?

The Senate Committee’s proposed “light-touch” regulatory framework for crypto is a long high-stakes poker game. Are we all truly holding a winning hand, or are we collectively bluffing our way into a future financial crisis? It’s a question every investor, every innovator, and frankly, every citizen should want to know....

Trump Jr. at KBW2025: Web3's Mainstream Moment?

Donald Trump Jr.’s scheduled keynote address at KBW2025 is raising eyebrows and inspiring intense discussion across the Web3 ecosystem. He’s just a high-profile guy shaking things up in the crypto world. His presence further exemplifies the increasing importance of blockchain technology and its potential to revolutionize the traditional economy. Does...

Trump Jr. at KBW2025: Web3's Punk Rock Moment or Sellout?

Or I think about Nandar, a wonderful Burmese artist that I met in Yangon, sharing with me her latest NFT collection. Each work exploded with vivid imagery, bravely fighting back against the junta’s repressive hold. She began selling them directly to supporters around the world, allowing her to cleverly sidestep...

KBW2025: Is Trump Jr. Web3's Trojan Horse or its Savior?

Donald Trump Jr. at Korea Blockchain Week? It's a head-scratcher, isn't it? About as easy as locating a MAGA hat at a Burning Man soirée. Before we put this down as just another short-lived publicity stunt, let’s take a closer look at what this could IoTally Web3 means. Cynical ploy...