Microsoft President Says Fintech Firms Should Leave Digital Currencies to Governments
"We’re not a bank and we don’t want to become a bank and we don’t want to compete with our customers who are banks," said Brad Smith.
The episode could be the tipping point where retail crypto traders realize they have to be more judicious about buying into protocol launches.
It’s slated to become the first stablecoin to launch on Polkadot.
The TRIBE governance token’s FEI stablecoin project recently saw whales making gains and retail getting rekt.
Exchange flows shift as tether continues to replace bitcoin, building quote currency dominance in altcoin trading.
“We believe the case for intervention in the wider cryptocurrency markets is less immediately pressing,” Economic Secretary to the Treasury John Glen said Tuesday.