regulatory action
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IMF: Cryptocurrency should not be granted legal tender status and requires a joint regulatory framework
It is reported that the International Monetary Fund has proposed that crypto assets should not be granted the status of official currency or legal tender in order to maintain currency sovereignty and stability. On February 23 local time, the official website of the International Monetary Fund (IMF) released a press release saying that the Executive Board of the International Monetary Fund (IMF) evaluated a document entitled “Effective Policy Elements of Cryptographic Assets” and agreed on the proposed policy framework and elements in the document. Interpretation of this information: The International…
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Founder of Compound Labs: stable currency as a security may become the “end of the world” of cryptocurrency
It is reported that the United States financial regulators are taking concerted action against some cryptocurrency companies. Robert Leshner, founder of Compound Labs, said that this is “removing a series of products in the plan”. Interpretation of this information: The United States’ regulatory bodies are currently targeting certain cryptocurrency companies, according to a report. One of the founders of Compound Labs, Robert Leshner, mentioned that there is an effort to “remove a series of products in the plan” as a result. This move has raised concerns and questions within the…
