janet yellen
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Japan’s New Law Says Stablecoins Can Only Be Issued By Registered Financiers
The Japanese are stepping out in front of the international crowd of hungry crypto-curtailing regulators, becoming the first nation to truly clarify the legal status of stablecoins and setting a precedent for more regulations on the largely-unregulated crypto industry.
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Biden to Feds: Figure Out This Crypto Thing, Stat
Joe Biden is dipping his toes into crypto. On Wednesday, the president signed a first-of-its-kind executive order outlining a path to regulation of cryptocurrencies and encouraging federal agencies to study the creation of a U.S. digital dollar on the blockchain. Bitcoin’s price surged in the glow of the president’s attention.
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Japan’s Central Bank Launches One-Year Test of Digital Currency
Japan’s central bank has started trials of a new digital currency in an effort to experiment with how it might be used, the Bank of Japan announced on Monday. The announcement comes after the Chinese government revealed it was doing something very similar with a digital yuan in early March.