As a result, the company had to pay a fine to the American government and the same government has now urgently developed a framework to severely Whatsapp Number List restrict stablecoins, such as Tether. Trade exchanges such as Bitcoinmeester have already taken the coin offline. It's not just about Tether, though. There are dozens of stablecoins in circulation and the big wait is still for the stablecoin that shook up many governments: Diem, initiated by Facebook. In addition to expressing great concerns.
European, Chinese and American governments have now rapidly developed legislation that will come into effect next year. President Biden has already indicated that they are in the same category as banks. And the head of the US central bank, Jerome Whatsapp Number List Powell, has already indicated that he does not want to ban them, but that they are strictly regulated. It is important to filter the cowboys out of the industry and actually gain broad acceptance by larger institutions. In a recent Deloitte survey, 83% of executives said they see current fiat money being replaced by such coins.
Governments work overtime Governments normally always lag behind technological developments, the so-called pacing problem. In the blockchain field, however, I see a few important developments from governments in the coming year. MICA Whatsapp Number List regulations First of all, the important MICA regulations will probably be extensively tested and discussed in the coming year, before being implemented. An extremely important step in the further professionalization of the sector. And with it the entry of even more organizations.