FSB Flags Cross-Border Stablecoin Run Risks and Monitoring Gaps
The Financial Stability Board says global stablecoins can transmit liquidity stress across borders while fragmented data limits regulators’ ability to track the risk.
Category: Regulation
UK Sanctions Cryptomus Owner and TokenSpot Over Russia Links
The UK imposed asset-freeze and payment-processing restrictions on entities behind Cryptomus, Heleket and TokenSpot as part of a Russia sanctions package.
French Committee Backs Tax on Crypto-to-Stablecoin Swaps
A French National Assembly committee has backed a proposal that would make certain crypto-to-stablecoin swaps taxable from 2027, if enacted.
ESMA Sets Three-Month Window to Address Non-MiCA Stablecoins
ESMA expects national supervisors to require crypto service providers to address remaining exposure to non-MiCA-compliant stablecoins within three months.
Illinois Draft Rules Map 0.2% Digital Asset Tax to Payment Flows
Illinois has proposed implementation rules for its 0.2% digital asset tax, detailing how stablecoin payments, wallet transfers, bridges and DeFi fees would be treated.
US $84.2M Seizure Tests EQIBank-Tether Payment Chain
A US civil forfeiture case involving Capstone, EQIBank and Tether highlights the risks hidden inside multi-tier stablecoin payment chains.
Fed Proposes Stablecoin Reserve and Two-Day Redemption Rules
The Federal Reserve has proposed stablecoin standards covering full reserves, capital, redemptions, custody and bank applications.
US Weighs Overseas Dollar Stablecoin Initiative
The US administration is reportedly considering public-private projects to promote dollar stablecoins abroad, but the plan remains unconfirmed and undefined.
EU Central Banks Seek to Replace MiCA Stablecoin Deposit Floors
The ESCB wants MiCA’s fixed bank-deposit floors replaced with maturity-based liquidity requirements for stablecoin reserves.
Senate Vote Stalls CLARITY Act at Procedural Gate
The Senate fell short of advancing the CLARITY Act, delaying a proposed federal framework for digital-asset markets while leaving reconsideration possible.
OFAC Sanctions Iran’s BitBank, Alleging IRGC Bitcoin Transfers
OFAC designated Iran’s BitBank and its software developer, alleging the exchange helped transfer hundreds of millions of dollars in Bitcoin to the IRGC.
WTO Says Regulation and Fiat Rails Constrain Stablecoin Trade Payments
A new WTO report finds that stablecoins could ease selected cross-border payment frictions, but fragmented rules, fiat conversion and limited interoperability constrain adoption.