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Coinnounce 2020-12-03 06:09:22

US lawmakers propose a new bill seeking mandatory federal approval for stablecoins.

A new bill, introduced to the US Congress this week, could enforce blanket regulation on all stablecoins. If passed, any service provided concerning stablecoins would become illegal without first receiving multiple government bodies’ approval. The proposed bill, dubbed “The Stable Act,” is meant to “protect consumers from the risks posed by emerging digital payment instruments, […]

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