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ARTICLE · 17 JANUARY 2024

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Emerging Trends In Stablecoins: 2023 And Beyond

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After a turbulent 2022 for crypto assets and the broader crypto world, 2023 saw no shortage of enforcement actions and warnings by regulators relating to the issuance...

CanadaFinance and Banking
Mohammed Muraj
Mohammed Muraj
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After a turbulent 2022 for crypto assets and the broader crypto world, 2023 saw no shortage of enforcement actions and warnings by regulators relating to the issuance and trading of crypto assets. Against the backdrop of the Luna network collapse and the FTX insolvency in 2022, 2023 witnessed a renewed focus on the crypto industry by regulators worldwide. Some of the notable developments from last year include high-profile SEC enforcement actions against brokers and crypto firms (over 700 actions by SEC Enforcement Staff in 2023)1, a landmark $4.3 billion settlement by Binance, the world's largest crypto exchange, with the U.S. Department of Justice2, and regular alerts warning investors to be wary of investing in crypto.

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