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The Daily Hodl 2022-06-09 22:01:35

New York Unveils Expansion of Stablecoin Regulations, Requires Cash Backing

The state of New York is revealing an expansion of its stablecoin regulations, now requiring the dollar-pegged crypto assets to be backed fully by cash. According to a new press release by the New York State Department of Financial Services (DFS), the state’s regulations are being updated to require stablecoin issuers to adopt clear redemption […]The post New York Unveils Expansion of Stablecoin Regulations, Requires Cash Backing appeared first on The Daily Hodl.

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