Hester Peirce has proposed a 2% capital haircut for stablecoins, allowing Wall Street to treat them similarly to cash. This initiative is part of ongoing SEC discussions aimed at developing tailored capital rules that would integrate stablecoins into mainstream finance. Peirce’s consistent advocacy for regulatory frameworks emphasizes a balance between market oversight and the growth of digital assets.
Figure is leveraging blockchain technology to tokenize home-equity loans, aiming to reduce costs and enhance efficiency in the financial sector, with a current portfolio of $20 billion in loans. This initiative comes amid growing interest […]
Lebanon’s government is considering using its substantial gold reserves to address the country’s severe economic difficulties, including compensating depositors whose savings were lost in the financial crisis that began in 2019. Despite its gold stockpile […]
South Korean regulators and legislators have agreed to impose a 20% ownership cap on major shareholders in cryptocurrency exchanges, a decision met with significant pushback from the industry. This cap is part of the forthcoming […]