This was inevitble.
When you create a shitcoin and call it a stablecoin. Yet it still gets its value from unsound money. There needs to be some oversight, because they arent trustworthy to begin with.
Bitcoin News: US Council Sounds The Alarm: Crypto Oversight Needed For Stablecoins
Link: https://bitcoinist.com/us-council-sounds-the-alarm-crypto-oversight-needed-for-stablecoins/
Summary: Popular stablecoins, or digital assets designed to have a “relatively stable price,” are getting noticed by policymakers. While these crypto units are more stable than their counterparts, a recent Financial Services Oversight Council (FSOC) report suggests they can pose risks to the financial markets. Related Reading: Bitcoin Goes Tax-Free In Czech Republic For Long-Term Holders […]
Tags: #crypto #bitcoin #nostr
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