Blockchain initiatives face 'lack of urge for food' from US regulators, says Austin Federa

Austin Federa, head of technique on the Basis, spoke to Cointelegraph on the ETHDenver convention on the community’s outages, the influence of regulation on different initiatives, and the launch of its cellular machine.

Federa mentioned the New York Division of Monetary Providers — or NYDFS, one of many state regulators liable for licensing crypto companies — was basically organising roadblocks for a lot of initiatives trying to challenge stablecoins or related blockchain providers. He added that Solana had heard from initiatives dealing with “fairly draconian” guidelines within the European Union associated to shifting to non-custodial wallets.

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