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The title is incorrect. “A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of excha
by dean177 7y ago
The title is incorrect.
“A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of exchange, unit of account, store of value, or any other similar function, as defined by the Board of Governors of the Federal Reserve System,”
Its specifically targeted at currencies (libra and perhaps things like xbox points?). Not all financial services.
- paulddraper 7y agoA closer to correct tile would be "US proposes barring tech companies from offering currencies"