• stablecoin bank runs
    The European Central Bank thinks that a run on a stablecoin could have far-reaching consequences (Photo: European Union 2017 - European Central Bank)
    Europe,  Regulation

    ECB fears stablecoin ‘bank runs’

    According to the European Central Bank, a panicked “stablecoin run’ could cause damage that spreads into the traditional banking and financial system

    September 23, 2020 /

    Specifically, the ECB said stablecoins are vulnerable to so-called liquidity “runs” if consumers fear that the token may lose its value. In such instances, the stablecoin may stop functioning normally and its redemption may not be possible in the usual way.

    Read More
  • Ari Paul crypto predictions
    BlockTower Capital's Ari Paul believes an even murkier underworld may soon exist for 'dirty' coins (Photo: Everipedia)
    Cryptocurrencies,  Regulation

    Regulation could reshape crypto exchanges within two years

    BlockTower Capital co-founder Ari Paul thinks a separate ecosystem for ‘clean’ coins will soon emerge, meaning exchanges will only allow withdrawals to whitelisted addresses

    August 26, 2020 /

    In a Twitter thread, Ari Paul said he believes a separate ecosystem for “clean” coins will soon emerge where digital assets can be traced to a regulated institution. This could pave the way for a murky underworld where laundering ill-gotten crypto becomes big business.

    Read More
  • FATF stablecoin report
    The Financial Action Task Force fears 'so-called stablecoins' could scrub its money laundering efforts (Photo: Wikimedia Commons).
    Regulation

    FATF calls for clampdown on ‘so-called stablecoins’ in new report

    The Financial Action Task Force warns stablecoins have a ‘propensity for mass adoption makes them more vulnerable to be used by criminals and terrorists’

    July 10, 2020 /

    When a powerful international financial oversight body releases a report on “so-called stablecoins,” you just know it isn’t going to be comfortable reading.

    Read More
  • Treasury Secretary Steven Mnuchin
    Treasury Secretary Mnuchin (Photo: YouTube @PBS News)
    Regulation

    Mnuchin: stricter crypto AML rules coming ‘very quickly’

    At a Senate Finance Committee hearing, the Treasury Secretary said FinCEN was prepping to release ‘significant’ new requirements for virtual currencies

    February 13, 2020 /

    The U.S. is joining regulators around the globe in moving to enforce tougher cryptocurrency anti-money laundering policies, Treasury Secretary Steven Mnuchin said yesterday. 

    Read More