The “Elements of Effective Policies for Crypto Assets” paper develops a framework of nine policy principles that address macro-financial, legal and regulatory, and international coordination issues.
According to the first principle, safeguarding monetary sovereignty and stability, “do not grant crypto assets official currency or legal tender status.”The United States District Court judge for the Southern District of New York ruled that emojis like the rocket ship, stock chart and money bags indicate a financial return on investment.
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