All posts tagged "Tether"
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642Crypto / Digital AssetsTerraUSD Collapse Highlights Need for Stablecoin Regulation: Yellen
The world's fourth largest stablecoin lost its peg this week, trading as low as 23 cents to the dollar on Wednesday.
May 12, 2022 -
567AML / KYCChina: Industry Bodies Warn of NFT-related Financial Risks
China’s internet finance, banking and securities associations have outlined six measures to curb "NFT financialisation and securitisation" and prevent NFT-related illegal activity.
April 18, 2022 -
935Crypto / Digital AssetsMAS Guidance on Stablecoins Set to Impact Crypto Firms
Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.
March 16, 2022 -
609Asia-PacificMyanmar Military Government Seeks to Launch Digital Currency
Myanmar's military regime is reportedly considering issuing a digital currency as a joint venture with local companies.
February 8, 2022 -
968Asia-PacificMyanmar to Ban Crypto Under New Cybersecurity Law
Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.
January 28, 2022 -
678AML / KYCParallel Myanmar Government Recognises Tether as Official Currency
The pro-democracy National Unity Government has reportedly begun using Tether as a proxy for the US dollar to raise funds for a campaign to topple the military regime.
December 14, 2021 -
457Fintech / RegtechUS Regulators Call for Powers to Regulate Stablecoins
US regulators are calling for the enactment of legislation to ensure that stablecoin issuers are insured and subject to appropriate supervision and regulation.
November 3, 2021 -
524Crypto / Digital AssetsCFTC Fines Tether as US Regulators Scrutinise Crypto Markets
The CFTC has fined Tether $41mn and Bitfinex's parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.
October 21, 2021 -
349AML / KYCStablecoins Increasingly Used in Money Laundering, PBOC Says
PBOC governor Fan Yifei says stablecoins are increasingly being used as a tool for illegal activities and money laundering.
July 12, 2021 -
592AML / KYCChina: 13 Arrested for Using Crypto to Launder Fraud Proceeds
The suspects confessed to laundering proceeds from telecoms fraud using Tether, before withdrawing the funds to transfer overseas.
March 22, 2021
