Stablecoin adoption greater risk for developing nations
A new report warns that the adoption of global stablecoins in emerging markets and developing economies poses significant financial risks and regulatory challenges. Go to Source
financial stability
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Hong Kong unveils new stablecoin licensing regime
The Hong Kong FSTB and HKMA outline plans for a new regulatory framework for stablecoin issuers following broad public support and stakeholder feedback. Go to Source
Longest Yield Curve Inversion in US History Continues Past 2-Year Mark
The 10-2 Year Treasury Yield Spread (I:102YTYS) has been inverted since July 7, 2022, marking the longest period of inversion in U.S. history at over two years, surpassing the previous record of 624 days set in 1978. An inverted yield curve occurs when short-term bonds yield more than their long-term counterparts, reversing the typical financial … Read more
Korean Researcher Says Benefits of Spot Crypto ETFs Are Outweighed by Potential Harm
A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of spot crypto ETFs could exacerbate the inefficient allocation of resources. Spot Crypto ETFs Cause Inefficient Allocation of Resources Bo-mi Lee, a researcher with the Korean … Read more
South Korean think tank cautions against crypto ETFs
South Korean researcher Bo-mi Lee highlights crypto volatility and risks, calling for more research and regulatory measures. Go to Source
Utah Senator Seeks to Abolish Federal Reserve
Republican Senator Mike Lee from Utah has introduced legislation to abolish the U.S. central bank and its Board of Governors. Lee contends that the U.S. Federal Reserve has “repeatedly failed” the American public and argues for its dissolution. Federal Reserve Targeted for Abolition by Senator Mike Lee Following the lead of House Representative Thomas Massie … Read more
Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses
The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s recommendation, was based on concerns over the crypto trading platform’s financial stability, inadequate management structure, and insufficient personnel, … Read more
Experts Say Dollar Dominance Debate Misses the Point, US Needs Economic Focus
Two experts have explained that the global debate on the future of dollar dominance misses the point because it doesn’t focus on how the dollar’s future will evolve. They warned: “If the U.S. doesn’t keep its house in better order, dollar dominance will be the least of our worries.” Experts Discuss US Dollar’s Dominance Steven … Read more
Crypto enthusiasts warn against naira trade ban on exchanges
Due to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the government turned its focus to platforms providing cryptocurrency services. Go to Source
Rwanda Develops CBDC to Avoid Falling Behind, Central Bank Deputy Governor Says
Rwanda is contemplating launching a Central Bank Digital Currency (CBDC) because it does not want to be left behind and to prevent any hindrances to trade between the African country and its major trading partners. According to a deputy governor with the National Bank of Rwanda, the country should be prepared for digital currencies being … Read more
