Stablecoins, or crypto assets which peg their value to less volatile fiat money, are useful tools for a variety of reasons. They can be used to cash out crypto investments, send or receive stable money abroad, and to pay for everyday consumer transactions without fear of fluctuation. A recent estimate from the Bank for International Settlements, or BIS, put the total stablecoin … [Read more...] about Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh
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Korean crypto exchanges could face harsh laws if new proposal is passed
The ruling party of South Korea has proposed a new bill that aims to limit crypto-related companies’ ability to trade digital assets and increase their liability in case of a hack, local news outlet Naver reported today.The enactment, dubbed “Virtual Assets Act” and presented by the Democratic Party lawmaker Lee Yong-woo, will prohibit crypto firms from engaging in “unfair … [Read more...] about Korean crypto exchanges could face harsh laws if new proposal is passed