By CryptoNews - 1 year ago - Reading Time: 1 minutes
Crypto Industry’s Custody, Ownership Rights Are 'Fundamental Problems' That Need Solving - US Official
The recent collapse of the TerraUSD (UST) stablecoin has demonstrated that custody and ownership rights are underdeveloped for the size, scope, and ambitions of the crypto industry, according to the US Acting Comptroller of the Currency Michael J. Hsu.
The comptroller presented his opinion at the DC Blockchain Summit event which took place on May 24 in Washington, D.C., USA.
Hsu stated that,...
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Original source: CryptoNews