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That said, cryptocurrencies have emerged as an asset class in absence of any kind of. The court did say that in it, too.
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TRM Labs' Ari Redbord on crypto regulation: Seeing consistent standards develop across the worldThe U.K., a non-member of the EU, passed a law in June that gives regulators the ability to oversee stablecoins. But there are no concrete rules. At one extreme, authorities have prohibited the issuance or holding of crypto assets by residents or the ability to transact in them or use them for certain. Crypto regulation is an umbrella term for the network of laws, statutes and legal practices surrounding the crypto and blockchain industries.
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