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The Monetary Authority of Singapore (MAS) has taken a step in shaping the future of cryptocurrency within its borders, introducing a set of regulations aimed at safeguarding consumers. In response to the growing influence of cryptocurrencies, MAS has released the final tranche of regulations for Digital Payment Token (DPT) service providers,
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USDC issuer Circle Internet Financial said it is curbing support for individual consumer accounts to mint stablecoins, with currently only accepting qualified institutional clients. Source
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The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted. Original Source
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If left unchecked, a digital euro could prove too popular, the authors warned. “Under no quantity limits and no remuneration, the amount of CBDC in circulation would be larger (i.e., of roughly 65% of quarterly real GDP) and the steady state effects on banks’ valuations and lending would be comparatively
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On Friday, credit rating agency Fitch published a research piece about Russia's proposed ban on cryptocurrencies. Although the report agreed with the Central Bank of Russia's (CBR) position that the ban would limit its financial system's exposure to risks, it also cautioned that such a proposal could "hold back the
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