Fed Gov Discusses the Future of the Stablecoin Market; NY to Relax Its Crypto Regs. $BEST Presale to Benefit?

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He said that it would require both a substantial number of consumers to shift their preferences toward using stablecoins and a significant number of businesses to make necessary investments to receive payments via stablecoins.’ To help speed up stablecoin adoption in retail, Waller identified having more consistent regulations between governments as one solution.‘A complementary framework with state and federal regulators working together can allow innovation to flourish while achieving some of the benefits of scale that come with a harmonized set of market rules.’ New York to Review Its Crypto Regulations New York state is widely recognized as having one of the most stringent crypto regulations in the United States.

This includes using AI or phishing scams with crypto drainers that steal funds from a victim’s crypto wallet.

Currently, the New York Department of Financial Services (NYDFS) regulates crypto businesses with requirements like a BitLicense or a limited-purpose trust charter.

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Article Details

Category: Crypto

Markets: United KingdomHong KongUnited States

Topics: Presale $best York Wallet Crypto News Newsbtc Potential Market Stablecoins Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 12:56:22 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 835 words

Reading Time: 5 minutes read

Sentences: 69 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 26145148

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Main Topics: Crypto

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