EU may consolidate crypto regulations, IMF warns of stablecoin risk: Global Express
The IMF and South Africa’s central bank are still concerned about stablecoins, while in the US, spot crypto products can now be traded on futures markets.
European tech regulators have fined social media platform X 120 million euros ($140 million) for breaking EU rules pertaining to online content.
The fine follows a two-year investigation under the Digital Services Act (DSA), which reportedly found that X was not doing enough to tackle illegal and harmful material.
Regulators also said that the blue check marks on Elon Musk’s platform were deceiving. They did not follow industry decisions and negatively impacted users’ ability to make informed decisions about the authenticity of an account.
