As a Physical Validator, LCX is responsible for maintaining the integrity and security of the tokenized assets on the blockchain.
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Blockchain And Crypto Policy And Regulation
The growing popularity of digital assets, commonly referred as cryptocurrency, has forced regulators across the globe to rethink their approach towards it. They are now looking to strike the right balance between investor protection and fostering technological innovation. However, the vast application and fundamental difference between crypto assets and traditional financial system makes it difficult for policymaker to bring in new laws. This is going to be daunting task for them.
Stay tuned for all the policy related developments.
With a goal of developing trading in 50 digital assets by 2025, the SEC is concentrating on digital assets that protect investors.
For this project, the Commonwealth of Dominica has partnered with Huobi, TRON, and DMC Labs.
“The lack of regulation in the metaverse, combined with the ability to operate from anywhere in the world, make it easy for fraudsters to hide their financial schemes,” NASAA said.
“The urgency has been there and it’s an urgency about investor protection,” states US SEC Chair.
Investor protection has become a major concern following the collapse of the terrausd (UST) stablecoin.
Logan thinks that central bank digital currencies (CBDCs) could lead to larger central bank balance sheets.
“Regulation using technology will have to be so adept and nimble that it should not be behind the curve,” states Indian Finance Minister Nirmala Sitharaman.
There is a very strong appeal from the market and the Central Bank for this project to be approved”, stressed the project’s rapporteur, Senator Iarajá.
When new technologies enable new activities, products, and services, financial regulations need to adjust, states U.S. Treasury Secretary Janet Yellen.