CryptoSlate

Treasury proposed GENIUS change forces US exchanges to audit foreign stablecoin or face delisting

Treasury proposed GENIUS change forces US exchanges to audit foreign stablecoin or face delistingWorldPing

Platforms could rely on foreign issuers only after reasonable diligence, while comments on the proposed standard remain open through Oct. 19.

This is a short WorldPing brief. The full report was published by CryptoSlate.

Read the full report at CryptoSlate

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BIS Chief: Stablecoins Still Aren’t Credible Money at ScaleWorldPing
Bitcoin.com

BIS Chief: Stablecoins Still Aren’t Credible Money at Scale

Bank for International Settlements (BIS) General Manager Pablo Hernández de Cos told the Jackson Hole Economic Policy Symposium on August 28 that stablecoins still fail as real money and tokenized deposits should instead carry the bulk of everyday payments.

Brief by WorldPing · Original reporting by Bitcoin.com