news: The crypto market turmoil is increasing conversations about how to regulate digital assets. Last week, Western regulators met and announced their proposals. The results are as follows.
America: Thursday, President’s Working Group (PWG), for this Ministry of Finance, Federal ReserveAnd that Securities and Exchange Commission (SEC), met Discuss Stablecoin..
- According to the administration, discussions at Capitol Hill on stablecoin regulation are heated and there is a move to finalize the regulation this year.
- Last year, the PWG recommended the following: Bank only They are subject to tighter scrutiny and are allowed to issue stablecoins.
- At this meeting The PWG has opened the idea of allowing non-bank entities to issue US dollar-denominated coins...