Das European Systemic Risk Board mahnt, dass das Finanzsystem unter anderem nicht ausreichend vor einem Bankansturm auf Stablecoins geschützt ist.
Wartet Norwegen auf MiCA? – Zentralbank rät Regierung zur eigenen Krypto-Regulierung
Weil das Warten auf internationale Regulierungsvorgaben zu lange dauern und nicht passend genug sein könnte, regt Norwegens Zentralbank die Regierung dazu an, die Möglichkeit einer eigenen Krypto-Regulierung zu prüfen.
Circle launches its euro-backed stablecoin on Avalanche
- The euro-backed stablecoin will bring more liquidity to the Avalanche network, Circle said in a press release.
- Developers using USDC can now easily integrate Euro Coin.
- Wallets that support Euro Coin on Avalanche include Coinbase Wallet and MetaMask.
Circle, the issuer of the USDC, has launched its other fiat-backed stablecoin Euro Coin on Avalanche, a smart contracts enabled layer-1 blockchain.
Avalanche’s AVAX, currently trading at around $14.05, is the 17th largest cryptocurrency with a market cap of $4.7 billion.
Euro liquidity comes to Avalanche
Circle says it expects Euro Coin’s launch on Avalanche will be the first in a series that’s set to see the euro-backed stablecoin bring multi-chain euro liquidity to developers and ecosystem users around the world.
Deployment on Avalanche also means apps that support USDC will easily integrate Euro Coin, the digital technology firm said in a press release.
“When we first introduced Euro Coin on Ethereum last year, we wanted anyone with an internet connection to have access to the euro across borders and time zones,” said Joao Reginatto, VP of Product at Circle. He added:
“By launching Euro Coin on Avalanche’s fast and efficient platform, we can help developers and their users experience near-instant, more cost effective financial transactions and unlock new possibilities for payments, remittances and 24/7 FX.”
Ava Labs VP of Business Development John Nahas said having the euro-backed stablecoin on Avalanche opens up the blockchain network to new possibilities for developers and other users.
“We continue to see great adoption and volume behind Circle’s USDC, and expect great feedback and usage of Euro Coin on Avalanche. DeFi continues to expand into a multi-currency, cross-border environment – delivering a trusted and fully reserved euro stablecoin like Euro Coin will greatly accelerate the adoption of instant payments and remittances to a much larger swath of the world,” Nahas noted.
According to Circle, apps and wallets that support the stablecoin on Avalanche include Coinbase Wallet, MetaMask, BENQI, Cables, Core, and Curve.
Circle Account holders access to Euro Coin liquidity on the Avalanche platform, with support for trading or lending in crypto capital markets available. Euro Coin can also be held in custody, or used for payments.
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Bitcoin (BTC) bricht 5 Prozent ein, „Moment der Wahrheit“ für den Kryptomarkt
Die Volatilität von Bitcoin in der Preisspanne geht weiter, doch die US-Schuldenpolitik könnte den entscheidenden Anstoß für einen Ausbruch nach oben oder unten geben.
South Korea passes law requiring all officials to disclose crypto holdings
- Korean officials are now required to disclose any crypto holdings above $760.
- The bill outlining the new law was unanimously passed by lawmakers and ratified on Thursday, 25 May.
- Strict rules around crypto holdings for public officials come after a scandal where one Kim Nam-kuk was said to have held $4.5 million worth of crypto.
Cryptocurrency news out of South Korea states that the requirement that government officials disclose all their cryptocurrency holdings has been passed into law.
The National Assembly’s move to adopt the bill means South Korea lawmakers and other high ranking government officials will now have to make public their Bitcoin or other crypto assets they hold.
Korean officials to disclose their crypto holdings
According to a local news report by News1, the country’s National Assembly unanimously passed the “Kim Nam-guk Prevention Law” on Monday, 22 May and approved it in plenary on Thursday, 25 May, 2023.
The bill comes into effect a few days after Kim Nam-kuk, a former opposition party member, was revealed to have held crypto assets worth roughly $4.5 million on the Wemix exchange. The revelations caused uproar, with allegations of money laundering surfacing.
South Korea’s amendments to its National Assembly Act and the Public Service Ethics Act now obligates public officials to comply with the law if they hold any cryptocurrencies.
In particular, affected individuals will have to declare all crypto holdings that amount to $760 or more. The requirement is in place for disclosures involving cash, stocks, and bonds among other assets.
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