Bitcoin price slides amid EU call to make transfers traceable, and rise of 'stablecoins' | Bitcoin
Part of a wider crackdown on money laundering, the European Commission said: âGiven that virtual assets transfers are subject to similar money-laundering and terrorist-financing risks as wire funds transfers ... it therefore appears logical to use the same legislative instrument to address these common issues.â On Monday, US Treasury secretary, Janet Yellen, told regulators the US government must move quickly to establish a regulatory framework for stablecoins, a rapidly growing class of digital currencies. A meeting of the nationâs top regulators agreed that stablecoins â...
Source: theguardian.com