Tag: regulatory scrutiny

Stablecoins Gain Traction Amid Regulatory Scrutiny and Growing Adoption

Stablecoins Gain Traction Amid Regulatory Scrutiny and Growing Adoption

Stablecoins have become a major focus of both the crypto and traditional financial industries. These digital assets are usually backed 1:1 by other stable reserve assets, like the U.S. dollar. Price stability These tokens, often known as stablecoins, offer greater price stability compared with their more volatile cryptocurrency counterparts. This...

NFT Market Feels the Squeeze Amid Regulatory Scrutiny and Tax Evasion Cases

NFT Market Feels the Squeeze Amid Regulatory Scrutiny and Tax Evasion Cases

The NFT market is currently experiencing the most significant crash to date. This decline is largely due to increased regulatory scrutiny and high-profile instances of tax evasion. This digital bear market largely masks the deeper issues plaguing the digital asset ecosystem. That said, it highlights the importance of compliance and...