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The FSC report highlights new regulations that introduce stricter licensing requirements for digital currency exchanges and token issuers based on the risks involved.
The 58 soliciting agencies include names such as 247 Crypto Trade, Crypto-TradingHub, and Elite Crypto Mines Inc. All firms are not registered with the SEC as required by U.S. securities laws.
He further added that there should not be any apprehensions regarding the use of blockchain in areas apart from payments or currencies.