Confirmed: Basis is shutting down due to regulatory pressure

2018-12-14 11:09

The United States-based stablecoin project Basis has officially confirmed that it will close operations and refund investors in comments to Bloomberg. The Basis’ CEO Nader Al-Naji said that the decision to close the project was made due to regulatory concerns over a type of token in Basis’ — as well as other algorithmic stablecoins’ — […]

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basis confirmed close project due regulatory made

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