Global regulators back ‘same risk, same regulation’ for stablecoins

LONDON, July 13 (Reuters) – Major stablecoins must comply with the same safeguards as traditional forms of payments, global regulators said on Wednesday, tightening controls over a battered crypto sector. Stablecoins are cryptocurrencies designed to have a stable value relative to traditional currencies, or to a commodity, to avoid the volatility that makes bitcoin and … Read more

Basel revises bank crypto capital plan to include blockchain

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 30 (Reuters) – Banks should take a conservative approach to setting aside capital to cover risks from “unbacked” … Read more

Financial watchdogs should do more to protect crypto investors, Swiss regulator says

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, June 22 (Reuters) – Cryptocurrency trading increasingly resembles the U.S. stock market of the late 1920s, Switzerland’s top market … Read more

Crypto fears now materialising, central bank body BIS says

LONDON, June 21 (Reuters) – Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said. The BIS, the global umbrella body for central banks, sounded the warning in an upcoming annual report, in which it also urged more effort in developing … Read more