News list for " pointed out that increasingly"

In a research note on Wednesday, JPMorgan noted that increasingly stringent stablecoin regulation could pose a significant challenge to Tether's market dominance. Under Europe's Crypto Asset Markets Act (MiCA), 60% of stablecoin reserves must be held in European banks, which could force Tether to adjust its reserve management strategy. Tether has previously come under regulatory scrutiny for its lack of transparency about the composition of its reserves, and the new regulations will further incr...

2024-08-15 16:25:36