“Nonbanks are increasingly providing payment services, including issuing money (or money-like) liabilities and processing payments. On the one hand, participation by nonbank payments companies may contribute to higher levels of competition, inclusion, and innovation. On the other, if these firms are not adequately regulated and supervised, there may be risks to consumers, the financial system, and the broader economy,” one Treasury report said.
Bitcoin surpasses $97k as Remittix’s presale surpasses $11m
Key takeaways Bitcoin is up nearly 1% in the last 24 hours and now trades above $97k. The Remittix presale...
