Cryptocurrency Analysis and News Portal
The Texas House of Representatives approved a bill that would require crypto exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” on April 20.Should the bill pass the Senate and receive the governor’s signature, it could become law by September 1, 2023. The bill introduces amendments to
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The United States Congress is set to discuss a new bill geared towards providing requirements for payment stablecoin issuers, and research on a digital dollar. The United States Congress is preparing to issue more clarity on digital assets in the stablecoins market. The ballooning stablecoins industry experienced one of the worst
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Cryptocurrency regulation in Paraguay is progressing steadily, as a crypto bill introduced in December has been approved by the Chamber of Representatives in the country. The bill, which contains definitions and rules for cryptocurrency mining, one of the hot topics in Paraguay due to the cheap electricity costs, will be
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U.S. representatives Norma J. Torres (D-Calif.) and Rick Crawford (R-Ark.) on Monday introduced the Accountability for Cryptocurrency in El Salvador (ACES) Act, looking to mitigate risks to the U.S. financial system from El Salvador's adoption of bitcoin (BTC) as legal tender. Source
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Several U.S. lawmakers are displeased by the Office of the Comptroller of the Currency and its focus on crypto and fintech during a pandemic-caused recession.Six members of Congress faulted the banking regulator’s stance on crypto custody and stablecoin services, as well as its plans to offer a fintech charter, in
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