The Bank for International Settlements (BIS) has warned that the rapid spread of U.S. dollar-pegged stablecoins may be creating a parallel channel for cross-border money movement that can, in practice, weaken some emerging markets’ foreign-exchange controls and capital restrictions.
In a research paper released Tuesday ET, the BIS said it analyzed stablecoin flows across more than 130 jurisdictions and found that stablecoin activity “appears largely unaffected” by either broad-based or targeted capital flow restrictions. The report pointed to the fact that a portion of stablecoins circulate… Read more
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In a recent announcement, Horse revealed that traders can now engage in 24/7 Nasdaq trading on the Breakout platform, supported by Kraken. This development marks
Senate Republicans have released an updated text of the CLARITY Act, which includes significant changes that have led to a bipartisan dispute over ethics rules.
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