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RBI lists risks of stablecoin for developing economies, calls for global regulation

Stablecoin has a lot of potential to harm emerging markets and developing economies, the Reserve Bank of India (RBI) claimed in its latest Financial Stability Report, released June 28. The report listed six threats that stablecoin presents.The RBI has been a steadfast critic of cryptocurrency, but it was particularly articulate

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Google Cloud Reveals ‘Productive Conversations’ with Authorities in EU on AI Regulation

The head of Google’s cloud division has said the company’s discussions with the EU will help create a “path forward” for AI development. Google is currently in productive talks with authorities in the European Union (EU) about artificial intelligence (AI) regulations. The company and EU regulators are having early discussions about

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How security, education and regulation can mitigate rising crypto scams

Crypto losses to bad actors have significantly increased in the last two years, but cybersecurity experts believe there is no cause for concern, as most new tech is exploited during the early days of its use. According to blockchain security firm CertiK’s annual Web3 security report for 2022, malicious actors drained

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Blockchain Aus CEO hammers ‘regulation by enforcement’

Blockchain Australia’s new CEO Simon Callaghan hopes the Federal Government will take its cues on crypto regulation from the United Kingdom, Hong Kong, and Singapore — and definitely not the United States.In his new position, Callaghan aims to steer crypto rule-making in the country and avoid making similar moves to

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Lack of bipartisan support on crypto regulation could make US ‘less attractive’ to firms: Moody’s

The investors’ service of credit ratings agency Moody's has reported that without support from United States lawmakers on both sides of the political aisle for legislation focused on digital assets, investors and companies could turn to other crypto-friendly jurisdictions.In a June 20 report, Moody’s pointed to key differences in the

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UK government moves forward on financial markets bill for potential regulation of crypto

Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation that could help support the adoption of crypto in the country.In a meeting of the U.K. Parliament’s House of Lords on June 19, many members advocated for the passage of the Financial Services

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SEC Requests Extension to Respond to Coinbase Regulation Request

The crypto industry and market participants, including Coinbase, require clear guidance to navigate compliance obligations effectively and ensure regulatory alignment. The United States Securities and Exchange Commission (SEC) has requested a four-month extension to respond to the request for regulatory clarity regarding crypto made by Coinbase Global Inc (NASDAQ: COIN). The exchange

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Ripple welcomes MiCA regulation as US lawsuit highlights lack of clarity

Cryptocurrency payments service provider Ripple continues to see global adoption of its payment services despite a long-winded legal battle with the United States Securities and Exchange Commission (SEC) over its XRP (XRP) token.In a wide-ranging interview with Cointelegraph at Money 20/20 in Amsterdam, Sendi Young, Ripple’s managing director for Europe

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