The exemptions would allow a slew of decentralized projects and platforms to βtest their ideas without burning millions on lawyers first,β while giving regulators βa front-row seat to see how this stuff actually worksβ.
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As tokenized stocks often lack traditional investor rights and protections, regulatory concerns are growing over the impact of tokenization on market stability, leading to pushback from Wall Street regarding the SEC's potential exemptions for such assets.
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The BOE's earlier proposals included stablecoin caps of up to Β£20,000 for individuals and Β£10,000,000 for businesses. The caps are expected to be detailed in a consultation later this year, according to the report.
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The collaboration includes pilot projects, education programs, and initiatives around tokenization and stablecoins.
Following its DFSA license in Dubai, Ripple is expanding its regional footprint and plans to offer custody solutions and its Ripple USD (RLUSD) stablecoin to Bahraini banks.
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