Title: Cryptocurrency Act of 2020, the new US bill - The Cryptonomist
Headings: Cryptocurrency Act of 2020, the new US bill
Cryptocurrency Act of 2020, the new US bill
The new ‘Federal Crypto Regulator’ entities
The stablecoins listed in the Cryptocurrency act of 2020

Content: and collateralized by crypto-commodities, other crypto-currencies, or crypto-securities. Crypto-securities, on the other hand, are debt, equity and derivatives based on a decentralised blockchain or cryptographic ledger, with one exception
The stablecoins listed in the Cryptocurrency act of 2020
Even stablecoins are defined in the new US legislative document, divided into two categories: reserve-backed stablecoins and synthetic stablecoins. Reserve-backed stablecoins are a representation of currency issued by the United States or a foreign government that rests on a blockchain or a decentralised cryptographic ledger and is fully backed by that currency on a one-to-one basis and fully collateralised in a corresponding bank account. Synthetic stablecoins, on the other hand, are like a digital asset stabilised with respect to the value of a currency or other asset that also rests on a decentralised blockchain or cryptographic ledger. This new policy could in fact also resolve disputes over the regulation of stablecoins. In fact, in October 2019, there was a bill on this issue, the “Stablecoins are Securities Act of 2019“, which was officially introduced precisely because of the need to find a solution to include the Facebook stablecoin project within the legal framework, and effectively to control its possible impact on monetary policies. Stefania Stimolo
Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses. Something went wrong.