The world's fourth largest stablecoin lost its peg this week, trading as low as 23 cents to the dollar on Wednesday.
May 12, 2022China’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, 2022Stablecoins 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, 2022Myanmar's military regime is reportedly considering issuing a digital currency as a joint venture with local companies.
February 8, 2022Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.
January 28, 2022The 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, 2021US regulators are calling for the enactment of legislation to ensure that stablecoin issuers are insured and subject to appropriate supervision and regulation.
November 3, 2021The 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, 2021PBOC governor Fan Yifei says stablecoins are increasingly being used as a tool for illegal activities and money laundering.
July 12, 2021The suspects confessed to laundering proceeds from telecoms fraud using Tether, before withdrawing the funds to transfer overseas.
March 22, 2021