Post
Topic
Board Legal
Re: Stablecoins get more regulated
by
ven7net
on 18/12/2020, 19:23:56 UTC
Stablecoin issuers start looking more like regular banks as now US lawmakers require to obtain bank charters. Basically all of them will be under control of the state.
Do you think it a positive move?

https://www.coindesk.com/us-lawmakers-introduce-bill-that-would-require-stablecoin-issuers-to-obtain-bank-charters

I would say that this is both good and bad at the same time. From the point of view of you and me, this is bad, since the system will control stablecoins in order to at least make money on it and regulate it in our interests. What's good about this is the possibility of faster adoption of cryptocurrencies and stablecoins in the world, but on a third party basis. In this situation, it is difficult to say which side to be better on, but you always need to proceed from your benefits, if they are not for you, then this or that option is not suitable for you. In any case, stablecoins and cryptocurrencies await regulation in the future and this is unlikely to be avoided.