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The US Risk Watchdog has asked Congress to appoint a cryptocurrency spot market regulator. In response to President Joe Biden’s executive order, the Treasury-led FSOC has called for greater regulatory reach into markets, crypto firms’ affiliates, and outside service providers. In a report that was unanimously approved by the Financial Stability Oversight Council (FSOC) on …
As Regulatory Scrutiny Increases, Crypto Innovation Becomes Even more Important Two weeks ago, Terra’s UST and Luna currencies fell apart in a matter of minutes. This shook up the crypto space. The falling price of one of the most popular cryptocurrencies added to the public’s worry, which was already in the red because of the …
Estonia Grants the First Crypto Service Provider License According to the New Regulation Under the country’s new regulatory framework, which went into effect in March, Estonia’s Financial Intelligence Unit has issued its first licence to a crypto service provider. The regulator said, “Striga Technology Oร is the first business that has been given permission to …
