稳定币立法
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Big news from Europe! Stablecoins are being "cleaned up"! Will digital currencies such as USDT be collectively removed from the shelves?
In 2019, the European Union proposed the Cryptocurrency Market Law "MiCA", which will officially take effect in July this year. This law has clear and strict regulatory systems for crypto exchanges and stablecoin issuers.
The negative impacts that may be caused at present are:
* Strict rules, exchanges or stablecoin issuers will face millions of euros in penalties if they violate them;
* USD stablecoin (USDT) is restricted;
* NFT is in a gray area and may be included in the regulation.
In response to the regulation, OKX, the world's second largest exchange, has removed USDT trading pairs in Europe. In fact, the EU's stablecoin market has already begun to build, such as EURC issued by USDC issuer Circle, EURT issued by Tether, and EURCV issued by Societe Generale.
The main reason why the EU considers this is that it is worried about what to do if the US dollar collapses? After all, USDT and USDC are both pegged to the US dollar. Once the US dollar fluctuates violently, it will have a huge impact on the crypto assets held.
Since the collapse of FTX, the market has been calling for more and more official regulation. The EU's first step is believed to help crypto assets enter the "rule of law era".
#USDC #稳定币立法 #MiCA法规
In 2019, the European Union proposed the Cryptocurrency Market Law "MiCA", which will officially take effect in July this year. This law has clear and strict regulatory systems for crypto exchanges and stablecoin issuers.
The negative impacts that may be caused at present are:
* Strict rules, exchanges or stablecoin issuers will face millions of euros in penalties if they violate them;
* USD stablecoin (USDT) is restricted;
* NFT is in a gray area and may be included in the regulation.
In response to the regulation, OKX, the world's second largest exchange, has removed USDT trading pairs in Europe. In fact, the EU's stablecoin market has already begun to build, such as EURC issued by USDC issuer Circle, EURT issued by Tether, and EURCV issued by Societe Generale.
The main reason why the EU considers this is that it is worried about what to do if the US dollar collapses? After all, USDT and USDC are both pegged to the US dollar. Once the US dollar fluctuates violently, it will have a huge impact on the crypto assets held.
Since the collapse of FTX, the market has been calling for more and more official regulation. The EU's first step is believed to help crypto assets enter the "rule of law era".
#USDC #稳定币立法 #MiCA法规
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$BTC
$ETH
🔥Market Trends: The total market value of stablecoins increased slightly by 0.08%!
USDT market value remains at the forefront, with a market share of 69.65%! 🔥
The total market value of stablecoins increased slightly
Data snapshot on August 31:
Total market value changes: In the past week, the total market value of stablecoins increased by 0.08%.
Current total market value: US$169.707 billion.
USDT performance:
Total market value: remains unchanged, now US$118.199 billion.
Market share: As high as 69.65%, firmly in the forefront of the market.
#美国CPI数据连续第4个月回落
#美联储何时降息？
#稳定币立法
#USDT。
#新币挖矿DOGS
$ETH
🔥Market Trends: The total market value of stablecoins increased slightly by 0.08%!
USDT market value remains at the forefront, with a market share of 69.65%! 🔥
The total market value of stablecoins increased slightly
Data snapshot on August 31:
Total market value changes: In the past week, the total market value of stablecoins increased by 0.08%.
Current total market value: US$169.707 billion.
USDT performance:
Total market value: remains unchanged, now US$118.199 billion.
Market share: As high as 69.65%, firmly in the forefront of the market.
#美国CPI数据连续第4个月回落
#美联储何时降息？
#稳定币立法
#USDT。
#新币挖矿DOGS
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According to The Block, U.S. Senators Kirsten Gillibrand and Cynthia Lummis proposed a stablecoin bill on Wednesday that requires stablecoin issuers to hold a one-to-one cash or cash equivalent reserve to support their tokens and prohibits unbacked algorithmic stablecoins. The bill also requires issuers and users not to use stablecoins for illegal or unauthorized activities, such as money laundering. The bill aims to establish a framework to encourage "responsible" innovation, emphasizing the advantages of stablecoins in fast international transactions, lower fees, and digital native programs and applications.
In addition, the bill plans to establish a "federal and state regulatory system for stablecoin issuers to maintain a dual banking system." In the United States, the dual banking system refers to federal banks and state banks being regulated by different regulators, although they can be regulated by both state and federal regulations. The Lummis-Gillibrand Payment Stablecoin Act will grant federal and state entities the power to charter and enforce stablecoins.
#稳定币 #稳定币立法 #稳定币监管
In addition, the bill plans to establish a "federal and state regulatory system for stablecoin issuers to maintain a dual banking system." In the United States, the dual banking system refers to federal banks and state banks being regulated by different regulators, although they can be regulated by both state and federal regulations. The Lummis-Gillibrand Payment Stablecoin Act will grant federal and state entities the power to charter and enforce stablecoins.
#稳定币 #稳定币立法 #稳定币监管
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Galaxy Releases Predictions for the 2025 Cryptocurrency Market
$BTC On the last day of 2024, Galaxy released its year-end report, making a series of predictions for 2025, which are summarized as follows:
1. BTC will break $150,000 in the first half of 2025, and after a slight adjustment mid-year, will sprint to $185,000 in the fourth quarter. The market value of BTC will reach 20% of the market value of gold, further establishing BTC's status as digital gold.
2. In 2025, Trump will not directly purchase BTC as a national strategic reserve asset upon taking office as president. Instead, the existing BTC in the U.S. will be converted into the national strategic reserve, and discussions will be held throughout the year with multiple departments regarding BTC as a national reserve asset. There will be no concrete actions in the short term.
1. BTC will break $150,000 in the first half of 2025, and after a slight adjustment mid-year, will sprint to $185,000 in the fourth quarter. The market value of BTC will reach 20% of the market value of gold, further establishing BTC's status as digital gold.
2. In 2025, Trump will not directly purchase BTC as a national strategic reserve asset upon taking office as president. Instead, the existing BTC in the U.S. will be converted into the national strategic reserve, and discussions will be held throughout the year with multiple departments regarding BTC as a national reserve asset. There will be no concrete actions in the short term.