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Policy
Brazil's Central Bank Prohibits Stablecoin and Cryptocurrency Settlement for Cross-Border Transactions
The Central Bank of Brazil has introduced a ban on the use of stablecoins and cryptocurrencies for settling international remittances by electronic foreign exchange providers. The updated rules, outlined in BCB Resolution No. 561, published on April 30, will take effect on October 1, with a phased adaptation period extending into 2027. According to the new rules, payments between an eFX provi…
May 2, 2026, 4:56 p.m.
Policy
Crypto Industry Supports Compromise on CLARITY Act, Urges Senate to Move Forward
Within hours of the release of a compromise text by US Senators Thom Tillis and Angela Alsobrooks, crypto trade groups called for a markup of key market structure legislation. The text prohibits crypto firms from offering interest or yield on stablecoin balances in a manner equivalent to a bank deposit, while exempting rewards programs tied to genuine activities or transactions. The Blockchain As…
May 2, 2026, 4:01 p.m.
Policy
Crypto Industry Supports Compromise on CLARITY Act, Urges Senate to Move Forward
Within hours of US Senators Thom Tillis and Angela Alsobrooks releasing a compromise text on stablecoin yield in the Digital Asset Market Clarity Act, crypto trade groups called for a markup of key market structure legislation. The proposed text prohibits crypto firms from paying interest or yield on stablecoin balances in a manner similar to bank deposits. However, it allows for rewards programs…
May 2, 2026, 4:01 p.m.
Policy
Crypto Industry Supports CLARITY Act Compromise, Urges Senate Banking Committee to Move Forward
Within hours of the release of a compromise text by US Senators Thom Tillis and Angela Alsobrooks on stablecoin yield in the Digital Asset Market Clarity Act, crypto trade groups called for a markup of key market structure legislation. The text prohibits crypto firms from paying interest on stablecoin balances in a manner similar to bank deposits, but allows rewards programs tied to legitimate ac…
May 2, 2026, 4:01 p.m.
Policy
Crypto Industry Supports CLARITY Act Compromise, Urges Senate Banking Committee to Move Forward
Within hours of US Senators Thom Tillis and Angela Alsobrooks releasing a compromise text on stablecoin yield in the Digital Asset Market Clarity Act, crypto trade groups called for a markup of key market structure legislation. The text prohibits crypto firms from paying interest on stablecoin balances in a manner similar to bank deposits, but allows rewards programs tied to legitimate activities…
May 2, 2026, 4:01 p.m.
Policy
Crypto Industry Supports Compromise on CLARITY Act, Urges Senate Banking Committee to Move Forward
Within hours of US Senators Thom Tillis and Angela Alsobrooks releasing a compromise text on stablecoin yield in the Digital Asset Market Clarity Act, crypto trade groups called for a markup of key market structure legislation. The text prohibits crypto firms from paying interest or yield on stablecoin balances in a manner equivalent to a bank deposit, but allows rewards programs tied to 'bona fi…
May 2, 2026, 4:01 p.m.
Policy
Crypto Industry Supports CLARITY Act Compromise on Yield, Urges Senate Banking Committee to Move Forward
Within hours of the release of a compromise text by US Senators Thom Tillis and Angela Alsobrooks on stablecoin yield in the Digital Asset Market Clarity Act, crypto trade groups called for a markup of key market structure legislation. The compromise text prohibits crypto firms from offering interest or yield on stablecoin balances in a manner similar to traditional bank deposits. However, it doe…
May 2, 2026, 4:01 p.m.
Policy
Crypto Industry Supports CLARITY Act Compromise, Urges Senate Banking Committee to Proceed with Markup
Within hours of US Senators Thom Tillis and Angela Alsobrooks releasing a compromise on stablecoin yield in the Digital Asset Market Clarity Act, crypto trade groups called for a markup of the key legislation. The compromise text prohibits crypto firms from offering interest or yield on stablecoin balances in a manner similar to traditional bank deposits. However, it allows for rewards programs l…
May 2, 2026, 4:01 p.m.
Policy
Crypto Industry Supports CLARITY Act Compromise on Yield, Urges Senate Banking Committee to Proceed with Markup
Within hours of the release of a compromise text by U.S. Senators Thom Tillis and Angela Alsobrooks on stablecoin yield in the Digital Asset Market Clarity Act, crypto trade groups called for a markup of the key market structure legislation. The text prohibits crypto firms from offering interest or yield on stablecoin balances in a manner similar to traditional bank deposits. However, it does all…
May 2, 2026, 4:01 p.m.
Policy
Crypto Industry Supports Compromise on CLARITY Act, Urges Senate Banking Committee to Move Forward
Within hours of the release of a compromise text by US Senators Thom Tillis and Angela Alsobrooks on stablecoin yield in the Digital Asset Market Clarity Act, crypto trade groups called for a markup of the key market structure legislation. The compromise text prohibits crypto firms from offering interest or yield on stablecoin balances in a manner similar to traditional bank deposits, but carves …
May 2, 2026, 4:01 p.m.