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UK Parliamentary Group Starts Crypto Inquiry to Form Policy Recommendations

Following the recent crypto market slump, which has seen several companies collapse and billions of dollars lost, regulators worldwide are scrambling to set up more robust crypto rules. Other major economies including the European Union and the U.S. have rules for stablecoins as well as licensing frameworks for crypto service providers in the works. Source …

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Tether supply starts to increase after three-month decline

The world’s largest stablecoin, Tether (USDT) has expanded its circulating supply following almost three months of reductions, in what could be a sign the crypto markets are slowly recovering.  The first mint in almost three months occurred on July 29, and there have been three more, with the latest on August 2, according to CoinMarketCap. …

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