The global standard-setters also cautioned that stablecoins adopted by multiple jurisdictions could potentially transmit volatility in a more abrupt manner than other cryptocurrencies.
The company strives to empower artists in earning a livelihood from their music by tokenizing their songs on the blockchain and facilitating direct sales to their fans.
Several House committees with jurisdiction over the matter convened to deliberate on how to proceed with crafting legislation regarding cryptocurrencies. However, a prominent Democrat among them expressed reservations about the need for specialized regulatory measures for the crypto industry.
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