Issue #403 - Is The US Missing An Opportunity? February 16th, 2023

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The US is making headlines for the actions taken by its regulators against the blockchain fintech sector. After the collapse of FTX, regulators started preparing private and public legal actions against many companies – including Paxos, Kraken and Custodia. Even if it seems that the purpose of regulators is creating a safer environment for crypto traders and investors, it’s also true that they’re the most affected by the millionaire fine reserved to Kraken, or the order to stop issuing BUSD directed to Paxos. The price of most cryptos dropped – making (especially) retail traders losing money. Moreover, the increased barrier between traditional banks and blockchain and crypto companies is affecting many businesses across different sectors. Another opportunity the US could be missing is the creation of a skilled workforce – since blockchain is here to stay, and it’s projected to grow also in the next decade, and the attraction of investments. In the meantime, the blockchain sector – and fintech in general – continues thriving across the globe – especially in emerging markets. This and much more in this number of FinTech Weekly: follow us on Twitter to stay on top of fintech news and events!

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