jan_van_eck_consensus_invest_2018
Van Eck’s broadside followed just two weeks after the U.S. Undersecretary for Domestic Finance, Nellie Liang, testified before Congress that stablecoins “are bank-like products…as well as an investment-like product, which is why there was a regulatory gap.” A group of regulators called theIn her testimony, Liang said that technology companies without bank licensing should not offer stablecoins.
“Despite the similarity that stablecoins have with money market funds, the PWG suggested that stablecoin issuers be “insured depository institutions.” Stablecoins invest in securities; they don’t lend like banks do,” van Eck wrote.First, he suggested that the SEC oversee stablecoins for a four-year trial period similar to how it considers investment funds under the Investment Company Act of 1940.
HeleneBraunn I do not believe that USDT is an investment product. It is primarily a trading tool.
HeleneBraunn GloryDogeCoin The Next IDO Launcpad Easy To 100x After Project Done & Launch! ✅Team Doxxed Double KYC 🔒3 Audits CERTIK,TECHRATE & DSF 🌐Website : ⏩Chart : GloryDogeCoin GloryDoge $GLORYD BSC 100xGems BSCGems
HeleneBraunn I think that banks will soon also begin to create their own analogues of usdt
HeleneBraunn And that is exactly what they are...
HeleneBraunn Altura Statistics altura_nft ALU NFTGaming ETH MATIC videogames NFTCommunity BSCGems 🕊114K+ Twtr Flwrs 🔀Over 1 Mn Transfers of ALU 💪70,000+ $ALU Holders 🤑200,000,000+ MCap 👾Largest NFT-Gaming Mkt plc 💰$900,000+ NFT Vol 🎨500+ Collections Created 💵15,000+ Trxns
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »