NEWS: ‘Crypto week’ will see full US embrace of stablecoins as EU and UK agonise over currency dubbed ‘money launderers dream’
By Hannah Lang for AML Intelligence
AS THE EU and UK agonise over the regulation of stablecoins, the US this week is set to fully embrace crypto – despite major concerns about lack of FCC oversight.
The US crypto industry takes another step closer to going mainstream when a series of industry-friendly bills progress through Congress, paving the way for digital assets to potentially be further integrated into traditional finance.
At the weekend, Bank of England governor Andrew Bailey warned banks against issuing stablecoins while ECB President Christine Lagarde says the coins risk undermining the financial system.
In the European Parliament, MEPs have warned repeatedly that stablecoins such as Tether are being…
