Since the NYDFS ordered Paxos to stop minting BUSD, the world’s third-largest stablecoin, its market cap has shrunk by over $4bn.
February 24, 2023FSA proposes to allow crypto firms to handle transactions using foreign issued stablecoins. The JVCEA has relaxed its token listing rules.
January 3, 2023"Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market," the company said.
October 15, 2022The highest ranking retail CBDC projects were from Nigeria, the Bahamas, and China. The highest ranking wholesale CBDC projects were from Thailand, Hong Kong and Singapore.
April 14, 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 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, 2021Guangdong police have reportedly frozen about 4,000 bank accounts belonging to cryptocurrency traders in a crackdown on illicit activities.
June 11, 2020