Circle is seeking to be able to hold USD reserves with the Fed rather than with various financial partners. In the long run, a wholesale CBDC could be used.
March 23, 2023The IMF's Kristalina Georgieva has welcomed "decisive policy actions" by Sri Lankan authorities and the financial assurances obtained from major creditors.
March 16, 2023Since the NYDFS ordered Paxos to stop minting BUSD, the world’s third-largest stablecoin, its market cap has shrunk by over $4bn.
February 24, 2023Money market funds with over CNY 200 billion in net assets or over 50 million investors will have to meet additional regulatory requirements and enhance their ability to resist risks.
February 22, 2023Paxos is the issuer of a Binance-branded stablecoin that ranks as the third-largest, as well as its own stablecoin called Pax Dollar, the sixth largest.
February 13, 2023NAB plans allow clients to use the stablecoin for repo transactions, cross-border remittances, and carbon credits trading.
January 20, 2023Mazars and Armanino have stopped serving clients in the crypto sector. BDO is reconsidering its approach to the sector.
December 21, 2022The draft rules propose a unified standard for measuring country risk, as well as new provisioning requirements to align with new accounting standards.
December 15, 2022The latest measures are being somewhat overshadowed by a new round of Covid-related lockdowns and protests in several Chinese cities.
November 28, 2022Participants include BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, US Bank, Wells Fargo, SETL, Digital Asset, AWS, SWIFT, Sullivan & Cromwell, and Deloitte.
November 17, 2022