European Central Banks Seek Wider Stablecoin Yield Ban Under MiCA
Europe’s central banks want MiCA’s stablecoin yield ban extended to indirect rewards, lending and staking, while proposing new reserve-liquidity rules.
Regulation
Singapore Proposes Stablecoin License With Full Reserves
Singapore’s proposed stablecoin license would require reserves of at least 100%, timely redemption and a ban on interest paid to holders.
CFTC Staff Offers Introducing-Broker Registration Relief to Qualifying Passive Software
CFTC staff broadened a no-action position for qualifying passive software providers, but the relief is conditional and is not a permanent rule change.
CFTC Crypto Market Proposal Enters White House Review at a Preliminary Stage
An OMB docket confirms a CFTC crypto-market action entered review, but its prerule status and unreleased text limit what can be concluded.