Airdrops have proved to be a popular way to boost the crypto adoption and trigger the crypto economy.
Furthermore, the regulator has proposed to put a cap of 4% of the total capital on crypto-related trading activities.
The SEC also warns the investors against all the frauds going on in the market in face of celebrity promotions.
CEO expressed concerns of the absence of regulations and the use of crypto assets to other illicit activities around the globe.
The blockchain-powered platform will help towards digitization of trade documents and reduce frauds in letters of credits.
The report mentions that while the interest for Bitcoin among institutional investors continues to grow, the response for retail investors is quite stagnant.
Under the new regulations, fund managers and exchange operators will require to get proper licensing for engaging in virtual asset products.
Yellen went to explain that Bitcoin isn’t a stable source of value and thus not suitable as a currency.
Here’s a look into the Bitcoin story which still continues to be the most dominant and popular cryptocurrency in the crypto market.
The new upgrade drastically reduces the memory and hardware requirements while speeding up transactions.