US Banks Allowed To Use Stablecoins To Make Payment

All banking institutions in the United States can now use public blockchains and the stablecoins they host to make payments. They can also mine nodes of these blockchains and issue their own stablecoins. US Banks Allowed To Use Stablecoins This development comes from a statement by the Office of the Comptroller of the Currency (OCC). The OCC is the institution responsible for regulating and overseeing domestic banks operating in the United States. The letter states that all banking institutions in…

UK Drafting Proposal to Regulate Stablecoins and Private Cryptocurrency

The United Kingdom has announced plans to research stablecoins and a central bank digital currency (CBDC). The Treasury Department of the United Kingdom is drafting proposals to regulate private stablecoins and investigate digital currencies as an alternative to cash. This news is coming off the back of the UK's recent departure from the European Union (EU). The government is now looking for productive and innovative ways to improve its financial sector. In an official announcement, the UK Treasury Chancellor Rishi…

1 2