CRYPTO

Authored by Helen Partz via CoinTelegraph.com,

The European Central Bank is intensifying its warnings over stablecoin adoption, with one of its top officials calling for a digital euro to curb the influence of US dollar-pegged stablecoins across the continent.

ECB executive board member Piero Cipollone has penned another article highlighting concerns over the growing popularity of US dollar stablecoins, arguing that launching a central bank digital currency (CBDC) could (more…)

Authored by William Campbell via CoinTelegraph.com,

Stablecoins were heralded as a breakthrough in the cryptocurrency space as a way to marry the lightning-fast, borderless nature of digital assets with the stability of traditional currencies. They achieve this by pegging their value to reserves like fiat currencies or commodities. Stablecoins are engineered to maintain a fixed exchange rate, typically one-to-one, with the underlying asset.

What does “stability” mean? At (more…)

Authored by Kimberley Hayek via The Epoch Times,

A California bill that would allow all businesses and individuals in the state to accept digital asset payments, such as cryptocurrency, and prohibit government restrictions on the use of digital currency, is being considered by a legislative committee.

Introduced by Assemblyman Avelino Valencia earlier this year, Assembly Bill 1052 was recently reviewed by the state Assembly’s Banking and Finance Committee before it was (more…)