since the outbreak of controversy surrounding tether (usdt), popularity stablecoin growing rapidly. it is seen from the release crypto type stablecoin increasingly Bloom. on September 11 ago, 2 stablecoin successfully incised achievement new, which has been approved by the regulator new York bitlicense.
this announcement came from the Department of financial services (DFS) new York state, which confirm that it has been allow Gemini trust and paxos trust to offer stablecoin respectively, which is the value is set to US dollars. good Gemini dollar (gusd) and paxos standard (Pax), is a token erc20 that guarantee pegged with the ratio of 1: 1 to Fiat US dollars. Maria T. vullo of DFS said: "when technology financial continue to grow, new York is committed to encourage innovation while ensuring development accountable. approval of the DPS reflects that companies have a container to create a change, as well as follow the standard of the framework rules strong. it is able to ensure the service perusahaab and consumer protection." "this is a news very encouraging, and we thank DFS and especially Maria T. vullo," said Charles cascarilla, CEO and founder of paxos. "with paxos standard,
this is a news very encouraging, and we thank DFS and especially Maria T. vullo, "said Charles cascarilla, CEO and founder of paxos." with paxos standard, we hope to allow the global economy really without friction, offering a token stable, fast, can be exchanged, audited, and most importantly, approved and set up by agency authorities, "said Charles cascarilla. Meanwhile, one of the CEO Gemini trust, Tyler winklevoss, revealed if the company was enthusiastic about this advancement." we are pleased to introduce Gemini dollar, a stablecoin could combine credibility as well as the price stability of dollars, with the advantage of technology blockchain and guarantee the supervision of the regulator new York, "so said one of figures crypto the world's richest it.
terms of regulator to stablecoin regulator new York accept the Gemini dollar and paxos standard, as part of the program market development crypto in the US. regulator also ensure that any company must comply with the requirements of the money laundering, anti-financing terrorism, anti-fraud, and actions consumer protection. company that has been approved also must be featuring a warning to consumers in the official site. the warning in essence warned if every stablecoin and currency Fiat currently available redemption, able charred if it has been used to illegal activities. in addition, every stablecoin may be subject to foreclosure by law enforcement agencies if there is a command or legal process other imposed on an illegal. ago, every currency stablecoin or Fiat who have experienced freezing or foreclosure, can not be used permanently and can be destroyed.
https://www.seputarforex.com/regulator-new-york-loloskan-2-kripto-yang-dipatok-dengan-dolar-285283-15