China To Intensify Crackdown on Virtual Currencies, Including Stablecoins: Report

-
Virtual currencies lack the legal status of fiat money, Chinese officials said during an intra-agency meeting on Friday.

source https://www.coindesk.com/markets/2025/12/01/china-to-intensify-crackdown-on-virtual-currencies-including-stablecoins-report

Comentários

Postar um comentário

Postagens mais visitadas deste blog

Asia Morning Briefing: How Will Coinbase Rebrand Its Wallet?

-
Imagem
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Rest in Peace, Coinbase Wallet. No, the app itself isn't going away, but it is getting a new name. On its X profile , its name is crossed out and replaced with a 'TBA' and a few question marks. "There’s plenty of speculation about what it means, but I’m leaning toward 'The Base App.' That would fit the idea of Base unveiling a range of in-app experiences directly inside its wallet," Bradley Park, a Seoul-based analyst with DNTV Research, told CoinDesk in an interview. Base Creator Jesse Pollak was tapped to lead Coinbase's Wallet team last October , which lends credence to Park's theory. In an interview on the sidelines of Devcon in Bangkok last year, Pollak pla...
Leia mais

Stablecoin Adoption Set to Surge After GENIUS Act, Hit $4T in Cross-Border Volume: EY Survey

-
Imagem
Stablecoin adoption is gaining momentum among corporates and financial institutions driven by regulatory clarity and cost-savings in global money transfers, according to a survey by EY-Parthenon. Conducted with 350 executives in June after the Senate passed the GENIUS Act, the survey found that 13% of firms already use stablecoins, mainly for cross-border payments. Among those who didn't use stablecoins, 54% expected to adopt them within the next six to 12 months. Regulatory clarity provided by the GENIUS Act was widely viewed as a turning point. The legislation, which was signed into law in July, provided long-awaited rules for U.S. dollar-denominated stablecoins, including reserve requirements and issuer approval processes. Executives said in the survey the law reduces uncertainty around liquidity, tax treatment and custodial services. Cost savings are also a key driver for adoption, with 41% of current users reporting at least a 10% reduction in expenses from using stablec...
Leia mais

A Major Currency Outpaces Bitcoin With More Possible Momentum Ahead: Macro Markets

-
Imagem
Welcome to CoinDesk's weekly macro column, where analyst Omkar Godbole writes about his macro observations and analysis in the broader markets. The views expressed in this column aren't investment advice. A major currency pair, which is barely considered volatile, is now rivaling notoriously explosive bitcoin's price performance—unimaginable, right? Not anymore. In June, EUR/USD, the most liquid FX pair in the world, rose nearly 4% to 1.1786, outperforming bitcoin's (BTC) 2.4% gain. Remarkably, both assets are nearly neck and neck in year-to-date performance, each up over 13%. Some observers believe EUR/USD still has room to run higher, a positive sign for EUR-pegged stablecoins, which have already benefited from the single currency's surge. "EUR/USD could face resistance probably in the 1.22/1.23 area," Marc Ostwald, chief economist and global strategist at ADM Investor Services International, said, explaining that the focus is on Germany loosening ...
Leia mais