Stablecoin
Upcoming US Bill Could Place Ban on Algorithmic Stablecoin
The US legislation could place a two-year ban on the algorithmic stablecoin. Bloomberg had obtained a copy of the drafted bill. Committee members have been working to reach an agreement....
Russian Entrepreneur Alexander Lebedev Readies Ruble Stablecoin
Alexander Lebedev plans on introducing a stable coin backed by the Ruble. ‘InDeFi has nothing to do with the Russian ruble,’ says Mendeleev, InDeFi CEO. Just like any other DeFi...
Number of Addresses Reaching BUSD Hikes, Taps a New 3-Month High
BUSD’s receiving addresses (7d MA) reached a 3-month high of 64.173. The stablecoin is one of the few cryptos in green lane today. Existing balances and new deposits of USDC,...
FASB Crypto Accounting Review Won’t Include NFTs And Stablecoins
FASB’s crypto accounting review excludes NFTs and certain stablecoins. This move is because they (NFTs and stablecoins) don’t conform to some of FASB’s requirements. Businesses possessing crypto will need to...
Japanese Regulators Plan to Ease Tax Rules for Crypto Investors
Japan’s FSA is proposing tax breaks for crypto investors. Crypto profits, including unrealized gains, are taxed at roughly 30% currently. Japan established a legal framework for stablecoins. In favor of...
