The STABLE Act has Facebook, Bitcoin Buying Non Fungible?
The STABLE Act is Coming. What is a Coin, What is a Token? By Dominic Alvieri, @AlvieriD November 20th, 2020 The Crypto Craze. The proposed STABLE Act will require stablecoin issuers to have a banking charter and report holdings. The STABLE Act may be coming soon. Additional reporting and disclosure of assets securitizing stablecoins is a move in the right direction for security sake. You probably have heard Bitcoin is an investment or a store of value . You may have also heard most ransomware is paid in Bitcoins. Do you know the difference between a coin and a token? Do you know about different blockchains? Do you know what fungible means? What or who is backing your stablecoins? Bitcoin, Ethereum, Ripple and stablecoins are not all created equal. Bitcoin is a digital currency to invest, hold or purchase in exchange for goods or services much the way a dollar in the local store would. Your one dollar or Bitcoin is fungible or able to replace or is interchangeable or equal to the next ...