6BPM4GLMYJAMZCHAZUEM7E53OE 6 Bank rules apply to crypto assets too!

Bank rules apply to crypto assets too!

– Cryptocurrencies are referred to as digital settlement assets (DSAs) in the bill.
– The rules will largely apply to stablecoins, which are cryptocurrencies whose prices are pegged to another asset.
– Other digital assets used for payments or settlements are also included in the definition of DSAs.
– The bill seeks to regulate digital assets used for payments that are not “cryptographically secured.”

 

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