Bank of Thailand will release its crypto regulatory guidelines by 2022
Bank of Thailand wants to release its crypto regulation by 2022. The financial institution is wary of the growing sector. Other countries are making moves to regulate their crypto sector.
Shiba Inu and Other Coins Briefly Surge to Quintillions of Dollars on CoinMarketCap Due to Glitch
Cryptocurrency prices shot into the stratosphere on CoinMarketCap due to a glitch experienced by the website. Bitcoin, Ethereum, Litecoin, Stellar and other top coins reached quintillions of dollars worth of value.
Myanmar’s Parallel Government Elevates USDT To Official Currency to Ease Payments
Myanmar’s shadow government has conferred legal status to USDT in the country. The decision stands in opposition to the crypto ban instituted by the ruling government. USDT’s popularity has soared following its increasing use case amongst cryptocurrency traders.
DogeCoin Soars as Musk Says Tesla Will Accept it for Merchandise Sales
Dogecoin soared 16% Tuesday while Tesla stock traded 2.1% lower in premarket after CEO Elon Musk said the EV-maker will accept the cryptocurrency for merchandise on a test basis.
Witnesses offer differing opinions on approach to stablecoins at congressional hearing
The Senate Committee on Banking, Housing and Urban Affairs heard from several expert witnesses with knowledge of stablecoins who urged lawmakers to establish a clear regulatory framework but could not seem to agree on where lines would be drawn.