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> They reiterated that no global stablecoin project should begin operation until it addresses legal, regulatory and oversight requirements, echoing a similar st
by baby 5y ago
> They reiterated that no global stablecoin project should begin operation until it addresses legal, regulatory and oversight requirements, echoing a similar statement made by the larger Group of 20 finance officials earlier Wednesday.
We’re in a weird space, where statements from these authorities are only targeting government-based digital ledgers while private companies are already operating these stablecoins (celo, usdc, tether, dai)
- null_object 5y ago> while private companies are already operating these stablecoins (celo, usdc, tether, dai) I think these plans are aimed at projects that are backed by real money instead of fictional money and/or criminal Ponzi schemes.
- baby 5y agousdc is backed by real money
- cinquemb 5y agomakerdao is incorporated in any jurisdiction? 3 of 4 of those are centralized and incorporated (there are also many more non incorperated decentralized ones cropping up, like fei, ohm, etc)