Michael Barr, the head of the central bank's regulatory division, emphasized that the Federal Reserve is currently in the preliminary research stage and would require official legislation from Congress to formalize any action.
In response to a sharp drop in trading volumes that have hit a four-year low, crypto exchanges have launched promotions to bolster their revenue streams.
Cronos Labs has enlisted the expertise of industry leaders, including Google Cloud, Amazon Web Services, as well as distinguished blockchain security experts from PeckShield and Certik, to serve as mentors for their program.
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