Weekly Recap by FinanceIQ Hub

📰 Weekly Recap by FinanceIQ Hub

🇺🇸 USA: a historic breakthrough

🔹 GENIUS Act signed

President Trump signed the first nationwide U.S. law for stablecoins. Requirements: 1:1 reserves, no interest payments, full transparency.

⏳ Full implementation — by 2028.

🔹 Clarity Act & Anti-CBDC Surveillance Act

The House of Representatives passed two key bills:

• Clear division of oversight between the SEC and CFTC regarding assets;

• Prohibition of launching a CBDC in the U.S. Senate vote expected.

🔹 Corporates joining in

Apple, Google, Shopify, JPMorgan and others are exploring stablecoin integration. Coinbase predicts a new wave of institutional demand.

🇦🇺 Australia: digital assets mortgage is now a reality

🏠 The first-ever mortgage backed by virtual assets has been launched.

No need to sell — loans issued with LVR up to 80%, rates from 9.5% APR.

⚠️ ASIC does not require a license for such products. Financial experts warn about the volatility risks for borrowers.

🇬🇧 United Kingdom: losing ground?

📉 Financial Times sharply criticized the government for slow development of stablecoin legislation.

Compared to the swift actions of the U.S., Singapore, and Abu Dhabi — the UK risks falling behind.

🌍 Global context

🔸 As part of the CARF, global virtual assets reporting begins — the first stage in the U.S. starts in January 2025.

🔸 Full-scale data exchange among countries expected from 2027.

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