The Financial Accounting Standards Board (FASB) has taken a significant step toward clarifying how US companies should account for stablecoins, proposing new guidance that would allow certain digital assets to be classified as cash equivalents under generally accepted accounting principles (GAAP). In a proposal announced on Tuesday, the FASB said it would add illustrative examples […]
The Bank of Italy has published a study concluding that stablecoin-based remittances do not consistently outperform traditional payment channels in terms of cost or speed. The research, which analyzed 200 USDC transfers across ten payment corridors linking Italy with Brazil, Argentina, Japan, the United Arab Emirates, and South Africa, found that fiat conversion fees and […]
The United States Department of the Treasury and HM Treasury have issued a joint set of recommendations aimed at aligning regulatory approaches for stablecoins and tokenized assets, marking a significant step in transatlantic financial cooperation on digital assets. Transatlantic Taskforce Recommendations In a statement released Tuesday, the two treasury bodies outlined four recommendations developed through […]
New Hampshire’s executive council voted down a proposal to issue $100 million in Bitcoin-backed bonds on Friday, dealing a setback to one of the most closely watched state-level crypto initiatives in the United States. The 3-2 vote came despite support from Governor Kelly Ayotte and prior approval from the New Hampshire Business Finance Authority. New […]
Following Prime Minister Keir Starmer’s resignation amid declining poll numbers and internal Labour Party pressure, attention has turned to his potential successor. Andy Burnham, the MP for Makerfield and former Mayor of Greater Manchester, has emerged as a frontrunner. For the UK’s cryptocurrency and blockchain industry, Burnham’s candidacy brings a degree of optimism, rooted in […]
United States financial regulators are advancing proposals that would require stablecoin issuers to implement user identity verification protocols similar to those enforced at traditional banks. The move signals a significant tightening of oversight for the rapidly growing digital dollar ecosystem. What the proposed rules entail Under the emerging framework, stablecoin issuers would be obligated to […]
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