CryptoFly.us | CRYPTOCURRENCY BITCOIN SHIRTS CLOTHING APPAREL HATS

CRYPTO NEWS

Coinbase Publishes Proposal for Crypto Regulation Pushing 4 Core Recommendations

coinbase 1 ctvahM

Cryptocurrency exchange Coinbase has published its proposal for crypto regulation after “more than 75 meetings with stakeholders in government, industry, and academia,” CEO Brian Armstrong revealed. In its Digital Asset Policy Proposal, the company recommends “four core pillars to inform future U.S. regulation.”

Coinbase’s Proposal for Crypto Regulation

The Nasdaq-listed cryptocurrency exchange Coinbase published its Digital Asset Policy Proposal (DAPP) Thursday.

Coinbase CEO Brian Armstrong tweeted: “Today we’re launching our Digital Asset Policy Proposal (DAPP) which we hope will help chart a course for clear regulation of cryptocurrency and web 3.0 in the U.S. It’s critical to bring clarity to this space and ensure America remains a financial leader.” He further shared:

This is not about Coinbase — we completed more than 75 meetings with stakeholders in government, industry, and academia to help shape this proposal, and we feel it represents a consensus point of view. It’s inclusive and democratic by design.

Coinbase recently experienced firsthand the lack of regulatory clarity when it tried to launch a lending program. The company met with the U.S. Securities and Exchange Commission (SEC) to discuss the product. However, the SEC said it was a security and threatened to sue the company if it went ahead with the program. Coinbase subsequently abandoned its plan to launch the Lend product and unveiled its plan to create a proposal for crypto regulation.

The company’s chief policy officer, Faryar Shirzad, explained Thursday that the goal of Coinbase’s proposal is to “engage in the public conversation about the future of our financial system.” The company believes that the conversation should focus on “The blockchain-driven and decentralized evolution of the internet” and “The emergence of a distinctive asset class that is digitally native and empowers unique economic use cases.”

Shirzad continued:

We recommend four core pillars to inform future U.S. regulation.

Firstly, “We need a new and digitally-native framework for how we regulate digital assets – one that doesn’t encumber innovation, inclusion, and financial empowerment for all sectors of society,” he stated.

Secondly, Coinbase’s chief policy officer detailed:

End-to-end crypto services must sit within a single regulator. Its authority would include a new registration process established for marketplaces for digital assets (MDAs).

In addition, Coinbase suggested instilling consumer confidence “by providing robust customer protection.” Shirzad noted, “This can be achieved through enhanced transparency processes, including tailored disclosures to inform purchasers of digital assets.”

The fourth point is to “promote interoperability and fair competition.” Coinbase believes that “To realize the full potential of digital assets, MDAs must be interoperable with products & services across the cryptoeconomy.” Shirzad added that “This can empower and protect a thriving consumer and developer ecosystem.”

Coinbase said that anyone wanting to comment on its crypto regulatory proposal can do so on Github.

What do you think about Coinbase’s crypto regulatory proposal? Let us know in the comments section below.

Bitcoin News
Regulation, Brian Armstrong, Coinbase, coinbase crypto regulation, coinbase cryptocurrency regulation, coinbase sec, crypto exchange, crypto policy, crypto proposal, crypto recommendations, policy recommendations, regulatory framework, US SEC, Web 3.0

BuyUcoin Blog | By

BNBMatrix: Growing Crypto On Trees With Yield Farming

Blockchain technology is solving a lot of problems across multiple sectors of the global economy and, apparently, starting a meme gold rush (Source: NBCNews) on the sidelines. But do you ever wonder if there is anything that blockchain can never do? Create liquid assets. The very process of selling a token implies an existence of::Listen

Blockchain technology is solving a lot of problems across multiple sectors of the global economy and, apparently, starting a meme gold rush (Source: NBCNews) on the sidelines. But do you ever wonder if there is anything that blockchain can never do? Create liquid assets.

The very process of selling a token implies an existence of a counter-party who is willing to buy. Compared to selling stocks or bonds, trading a crypto asset is a lot like selling a house, where it is harder to find a buyer (depending on the coin, of course).

More precisely, the illiquidity of crypto assets affects how fast they can be bought or sold at a stable price. To create a liquid asset, you’ll need a promising Dapp, a reputable chain, and a cult-like following. In other words, it is a time-consuming, difficult balancing act.

Enter, yield farming. Yield Farming is, quite simply, letting your hard-earned money work for you. It’s no different than owning a savings account. The DeFi puts your money in a money pool, and earns profits by charging interest from these loans.

The loans are used for market speculation, which in turn promotes liquidity. A smart contract exists to ensure everything remains in check and no value is lost. After all, you are not providing liquidity out of the goodness of your heart, but for stable returns.

A popular quote among compound investors is that money makes money, and the money that makes money makes more money. That’s the case with BNBMatrix, which is helping investors mint money from smart contracts. It is the Dapp to beat the market gains.

The desire for yield walks hand-in-hand with the desire for continued market exposure. BNBMatrix.io is the fastest-growing high yield farming Dapp taking the Binance Smart Chain by storm. It has had a good run, but investors might be witnessing just the start of its growth run.

When you hear of yields as high as 234% in total, it pays to listen. It’s like gaining bitcoin level returns, without even buying BTC in the first place. That’s right; BNBMatrix is a better deal than dropping tens of thousands of dollars (Source: Coin Market Cap) on a bitcoin.

BNBMatrix: the Next Big Thing

Let’s pop the hood on BNBMatrix and see how this DeFi fits in with your overall portfolio and personal risk tolerance. This Dapp is about as straightforward and high-yield as a DeFi can get on the Binance Smart Chain.

As the name implies, the smart contract uses the Binance coin (BNB) as the benchmark. Perhaps unsurprisingly, a significant focus of the fund goes to the Binance Smart Chain (BSC), which enjoys significant institutional backing (Source: Coin Desk) and high-value traders.

Sure enough, the yield reflects these exciting prospects. BNBMatrix offers ROI from 7.8% to 17% earned between seven to thirty days. That means a total profit of 199% to 234% earned between seven to thirty days, depending on your deposit.

Speaking of deposits, BNBMatrix accepts deposits of as little as 0.01 BNB for a start. The yield accumulates daily and withdrawals can happen any time depending on the investors’ hunger for the thrill.

BNBMatrix is a promising star amongst yield farming DeFi. The service launched recently and is about to cross the 14000 BNB milestone after only 20 days in business. It’s safe to say the market has an appetite for more stability and greater growth prospects.

A Guaranteed Way to Make Crypto for You

The high returns of the crypto market are awesome, but they come with some nasty baggage. Despite the market’s inherent risks, it is important to piece together a financial plan built on sound ground. So, BNBMatrix has developed features for this purpose.

You can’t talk about BNBMatrix returns without considering the security of the smart contract. If the words of the auditors are anything to go by, this smart contract has no vulnerabilities, backdoor, or scams. It’s been audited by Haze Crypto.

The returns from the crypto market might look flashy, and if you are not holding cryptocurrencies, you might feel like you are missing out. Achieving it is no easy task either. But, BNBMatrix comes with the promise of stable returns.

If a return to stable profits is on your cards, then BNBMatrix makes for an impressive investment. It is a Dapp to seriously consider. The process is user-friendly and customer support is readily available 24/7 on Telegram.

Conclusion

BNBMatrix has had a nice run, and this could just be a sign of better things to come. If you are after high crypto yields with a bias for the Binance Smart Chain, which you might see amid the humongous returns at present, you might want to put your bet on BNBMatrix.

You will not find a DeFi that is more yielding when it comes to profits than BNBMatrix. It is a blockchain with a pristine value proposition.

Image: Pixabay

Coinbase Publishes Proposal for Crypto Regulation Pushing 4 Core Recommendations

Shopping cart
There are no products in the cart!
Continue shopping
0