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【10 days node data】
PayPal CEO: the fastest to launch encryption services in the UK next month
According to Bitcoinist’s July 30 news, PayPal CEO Dan Schulman confirmed that the company will launch encryption services in the UK, and if everything goes according to plan, it may be in early August. “We will open transactions in the UK, and maybe even next month.” According to previous reports, PayPal will launch a super application with cryptocurrency features, and plans to fully promote the wallet in the United States in the next few months. DanSchulman said that PayPal is focusing on DeFi and smart contracts. In mid-July, Paypal increased the cryptocurrency purchase limit for US users to $100,000 per week and cancelled the annual limit.
The Chairman of the Joint Economic Committee of the United States Congress proposed a bill related to cryptocurrency to legislate to regulate the existing digital asset market structure and regulatory framework
According to news from the chain, Don Beyer, a US congressman and chairman of the Joint Economic Committee of the US Congress, proposed a cryptocurrency-related bill “DigitalAssetMarketStructureandInvestorProtectionAct” (Digital Asset Market Structure and Investor Protection Act), which plans to legislate to regulate the existing digital asset market structure and regulatory framework , Designed to protect consumers and promote innovation by incorporating digital assets into existing financial regulatory structures. The specific content includes: formulating legal definitions for digital assets and digital asset securities, and authorizing the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to have regulatory authority for this; formulating joint regulatory rules for the SEC and CFTC to jointly define digital assets The top 90% of projects in the asset market (by market value and transaction volume) provide legal certainty; require unpublished digital assets to be reported to registered exchanges within 24 hours to minimize the possibility of fraud and increase transparency; according to The Bank Secrecy Act (BSA) adds digital assets and digital asset securities to the legal definition of “monetary instruments” to formalize the regulatory requirements for digital assets and digital asset securities to meet anti-money laundering recording and reporting requirements; authorization; The Federal Reserve issued a digital dollar, clarified that digital assets, digital asset securities, and stable currencies are not legal tender in the United States, and authorized the U.S. Secretary of the Treasury to allow or prohibit stable currencies based on the U.S. dollar and other legal tenders, etc.
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