Sunday, 31 March 2019

The Interchange: MakerDAO, what art thou? @TheBlock__ #Genesis #Lending #Maker #Payments #Regulation #Apple Card #regulation #The Interchange

MakerDAO: A regulatory triple threat?

At SXSW, the SEC’s Senior Advisor for Digital Assets, Valerie Szczepanik, made a few comments on how algorithmic and crypto asset collateral-backed stablecoins could potentially be conside...

MakerDAO: A regulatory triple threat?

At SXSW, the SEC’s Senior Advisor for Digital Assets, Valerie Szczepanik, made a few comments on how algorithmic and crypto asset collateral-backed stablecoins could potentially be considered securities. Two statements Szczepanik made in particular have left me with a lingering worry for Maker that I just can’t shake. According to Decrypt Media:
 
“It is when a central authority controls price through a mechanism tied to the issuance, creation or redemption of another type of digital asset, or by keeping the price within a certain band controlled by supply and demand in some way that a stablecoin might be getting into the land of securities,” Szczepanik noted.

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source https://www.tokentalk.co/The Block/the-interchange-makerdao-what-art-thou-5ca16e492133cad2642fe79d

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