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Does Hong Kong have issues with USDT and USDC? OSL exec weighs in

[Aug 16 11:21 AM] As Hong Kong looks into creating HKD and USD stablecoins, a local industry executive has addressed possible implications for stablecoins like UDST and USDC.

Hong Kong Regulators Say Proposed Stablecoin Regulation Has Received Positive Stakeholder Feedback

[Jul 18 9:30 PM] Hong Kong regulators announced the conclusion of a stablecoin regulation consultation phase that saw stakeholders provide 108 submissions. The regulators claimed that the proposed regulatory requirements received positive feedback from…

Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends

[Jul 17 6:25 AM] Hong Kong's financial regulators published the conclusions of consultation on fiat-referenced stablecoin regulation and said they are preparing a bill to introduce into the Legislative Council later this year.

Hong Kong unveils new stablecoin licensing regime

[Jul 17 5:32 AM] The Hong Kong FSTB and HKMA outline plans for a new regulatory framework for stablecoin issuers following broad public support and stakeholder feedback.

Circle Awarded Europe’s First Stablecoin License Under New MiCA Crypto Rules

[Jul 1 8:30 PM] Cryptocurrency firm Circle has achieved a significant milestone by securing registration as an electronic money institution (EMI) in France. This move grants Circle a crucial license to operate as a compliant stablecoin issuer under the European…

Lawmakers Object to Federal Reserve’s Stablecoin Guidelines — Say They Undermine Legislative Progress

[Aug 28, 2023 7:35 PM] Several U.S. lawmakers have objected to the Federal Reserve’s stablecoin regulatory guidelines, which they believe “will undoubtedly deter financial institutions from participating in the digital asset ecosystem.” According to the…

House Financial Services Committee Advances Clarity for Payment Stablecoins Act

[Aug 9, 2023 5:30 AM] On July 27, 2023, The U.S. House Financial Services Committee advanced a stablecoin-focused bill for the first time. The Clarity for Payment Stablecoins Act of 2023 would establish a federal regulatory framework for stablecoins with the U.S…

PayPal’s PYUSD Launch Triggers Calls For Stablecoin Bill

[Aug 8, 2023 4:30 AM] United States Republican Patrick T. McHenry, Chair of the House Financial Services Committee, has released a statement calling for the need to pass the Stablecoin Bill in the wake of PayPal’s launch of its own stablecoin PYUSD.  The Call For A…

US defense bill may be problematic for USDC and stablecoins: Analysts

[Aug 1, 2023 12:04 AM] A proposed U.S. national defense bill could subject stablecoins issuers to KYC and AML requirements they would be unable to comply with, said Berenberg analyst Mark Palmer.