# UK authorities to focus on stablecoin regulations to prevent monopolies

# UK authorities to focus on stablecoin regulations to prevent monopolies

“# UK authorities to focus on stablecoin regulations to prevent monopolies ” John Glen, the United Kingdom’s financial services minister, has said that stablecoins will be the main focus of the government’s crypto regulatory activity. Glen made delivered his comments while addressing a conference organized by City & Financial Global on Tuesday, Reuters reported. For Glen, the…

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# Bank of International Settlements head says cryptos require more regulation

# Bank of International Settlements head says cryptos require more regulation

“# Bank of International Settlements head says cryptos require more regulation ” Agustín Carstens, general manager of the Bank for International Settlements, has called for even more crypto regulations stating that virtual currencies are a tool for circumventing financial laws. In an interview with CNBC on Wednesday, the BIS general manager identified money laundering and…

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# Diem co-creator leaving Facebook for Planet Labs

# Diem co-creator leaving Facebook for Planet Labs

“# Diem co-creator leaving Facebook for Planet Labs ” Kevin Weil, the vice president of product at Facebook’s digital wallet unit and one of the creators of the Libra token, now called Diem, will be leaving the social media giant. In a Twitter thread today, Weil said he would be leaving Facebook after almost three…

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# French retail giant will launch Tezos-based stablecoin

# French retail giant will launch Tezos-based stablecoin

“# French retail giant will launch Tezos-based stablecoin ” Groupe Casino, a 120-year-old retail company headquartered in France, will reportedly be launching a stablecoin pegged to the Euro. According to journalist Grégory Raymond, the French retail giant will be launching the stablecoin to use in its stores’ loyalty programs as well as for trading. Groupe…

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# New Zealand firm launches stablecoin backed by NZD

# New Zealand firm launches stablecoin backed by NZD

“# New Zealand firm launches stablecoin backed by NZD ” Auckland-based financial service provider Techemynt announced the launch of a stablecoin reportedly backed by the New Zealand dollar. In a statement from Techemynt today, the firm announced it had launched a cryptocurrency backed 1:1 by the New Zealand dollar and deployed on the Ethereum blockchain…

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