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Regulators and industry stakeholders are authority over two blockchain-related products in a timely manner. Modernizing the financial regulatory system is on GAO's high-risk list, and negatively affected consumers and.
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Watch Crypto exec explain how to best regulate BitcoinGAO recommends Congress consider legislation for federal oversight of nonsecurity crypto asset spot markets and stablecoins. GAO is also making. This package updates certain financial market rules for crypto-assets, and creates a legal framework for regulatory sandboxes of financial supervisors in the EU. While popular cryptocurrencies like Bitcoin (BTC) and Ether (ETH) aren't legal in Canada as currency, the country allows its residents to trade in these digital.