Like they say: "it's a developing story" ... TOO LITTLE TOO LATE FROM THE U.S..
"The first step likely to be taken by the Treasury Department will be to issue a report with recommendations this fall.
In interviews, industry executives, lobbyists and regulators offered an outline of what they expect to be covered in these recommendations, which will form a template for potential regulations to be drafted over the coming year.
The rules, they said, will likely mandate that reserves are always liquid enough to meet redemption demands, and that the software systems handling these transactions are robust enough to avoid crashes and severe slowdowns when facing mass simultaneous transactions.
yesterday Eric Lipton, Ephrat Livni and
Regulators Racing Toward First Major Rules on Cryptocurrency
Concerned about the potential for a digital-era bank run, the Treasury Department is working on an oversight framework for the fast-growing sector.
__________________________________________________________________________
Back up to that "DEVELOPING STORY" then A WEEK AGO
Report from Makena Kelly in The Verge Last Week:
Treasury to issue new cryptocurrency sanctions after ransomware attacks
The Department could issue them as early as next week
No comments:
Post a Comment