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      Fed’s Proposed Stablecoin Rules Put GENIUS Act’s Dollar Test to Work

      The Federal Reserve is proposing a rulebook for bank-issued payment stablecoins that gets strikingly specific. Basically, every $1 of tokens must be backed by at least $1 of permitted reserves, customers generally must be redeemable within two business days, and an issuer that stays short of required capital could ultimately be forced to liquidate its […]

      Source: Bitcoin News
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud