The White House has released new details of the long-awaited report, which is a framework for cryptocurrencies.
Today White House In the draft report announced by the company, the first details of how the cryptocurrency regulation in the USA should be published. The highlights in the report details were to provide more guidance to crypto money platforms and to tackle fraudulently in the digital asset space.
OpenSea as NFT market locations for the scope of this regulation, including federal statutes potentially necessary to replace President Biden expressed by.
In particular, regulators are required to guide crypto companies and exchanges under the law and put them on a common path under the law. It seems that it has reached its final stages. European Union Crypto Asset Markets Law(MiCA) aims to have control and say over cryptocurrencies in the USA. This crypto money law, which is tried to be created by the White House, is trying to be reduced to a single license valid all over the country, like MiCA, but the state system of the USA makes it a little difficult.
Aware of this new and rapidly developing financial area, the authorities aim to ensure that the regulations and laws to be prepared can operate in harmony with this area. Although the details of the first draft of cryptocurrency regulation are presented today after long studies, at least make a clear decision in the next few years not yet in question. This continues to blur the picture.
According to the note in the report, the Treasury and authorized institutions February 2023 until the end of the month decentralized finance (DeFi) is expected to conduct a financial risk analysis and illegal activity assessment. And also July 2023‘up to NFTIt is anticipated that an assessment of ‘s (Non-fungible token) will be completed.