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EU finance ministers call for restrictions on stablecoin issuers

European Union official pledges action on stablecoins after calls for new curbs

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A senior official for the European Union’s executive branch said Saturday that concerns among the bloc’s finance ministers about stablecoins will be addressed in future legislation. On Friday, finance ministers from major EU members like Germany and France called for heightened restrictions on stablecoin activities in the region. The next day, during a press conference, …

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Congressman calls for more transparency from the Fed on central bank digital currency work

Congressman calls for more transparency from the Fed on central bank digital currency work

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U.S. Representative Tom Emmer said Thursday that the U.S. Federal Reserve should be more open about its research and development efforts focused on a central bank digital currency, or CBDC. Emmer’s comments came during an appearance of the House Financial Services Committee’s The Task Force on Financial Technology, which met to discuss topics like the …

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Iranian President Calls for National Crypto Mining Strategy

Iranian President Calls for National Crypto Mining Strategy

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Iranian President Hassan Rouhani has ordered the government to draw up a renewed national approach for the emerging crypto industry. Chairing Iran’s economic coordination headquarters – a seminar for the national economic strategy – earlier this week, Rouhani told officials from the Central Bank of Iran (CBI), energy department and information and communication technology ministries …

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US Lawmaker Calls Libra's Revamp Insufficient

US Lawmaker Calls Libra’s Revamp Insufficient

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The Libra Association’s watered-down plan to issue digital versions of existing currencies has failed to appease at least one U.S. lawmaker. Rep. Sylvia Garcia, a member of the House Financial Services Committee, said Thursday that the consortium’s revised roadmap “does not address the concerns I raised” in the past. “There are simply too many questions …

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